TCB Data Systems developed their first application for receiving and distributing market data reporting information between the New York Stock Exchange, the American Stock Exchange, Reuters, Bloomberg, Merrill Lynch, and others. Since then, this service, the Vendor Automated Reporting System (VARS), has become the worldwide standard in consolidating and distributing both subscriber and usage based reporting data. The data is collected for use in regulation, marketing, and billing departments around the world.

Some statistics on TCB Data Systems:

• TCB Data Systems' Vendor Automated Reporting System (VARS), has become the worldwide standard in consolidating and reporting subscriber information.
• TCB Data Systems provides Internet-based reporting systems and comprehensive customer management and invoicing software systems.
• Over 75 market centers and exchanges receive vendor usage declarations via VARS.
• Nearly 300 market data vendors manage and report their inventory via TCB Data Systems.
• Approximately 700 internal redistributors manage and report their inventory at www.tcbdata.com.

Since its inception, TCB Data Systems has been committed to providing quality service to Market Data providers and vendors. Customers of TCB Data Systems can expect:

• Services: VARS is our market data reporting portal. Each market center manages their vendor reporting profile on VARS. Vendors manage their customer inventory using our Subscriber On-Line Activity Reporting System (SOLAR). SOLAR stores all customer update history and provides a suite of analyis reports.
• Solutions: TCB Data Systems provides software for customer management and billing. Our billing programs were designed expressly to correctly bill for market data products. We provide contract and document management portals. TCB Data Systems can create customized interfaces to vendor declaration reports.
• Support: TCB Data Systems has over two decades of experience with market data reporting. Our experience is a vast resource. Our email and telephone support provides a centralized help center.

There are 3 groups of TCB Data Systems customers:

Data Providers
(e.g. Nasdaq, NYSE, ICE, LME, Frankfurt Exchange, and TMX Inc)
TCB Data Systems validates every vendor report before it is accepted. Reports are sent to each data provider (market center) in the specified format and delivery method. Emailed confirmations as the reports are distributed.

Data Vendors
(e.g. ThomsonReuters, Bloomberg, Morgan Stanley and RoyalBlue Financial Corp)
With today's increasingly diverse reporting requirements, our goal is to provide a single portal for submitting your market data reports. We focus on improving the efficiency of your reporting process to decrease time and costs. Using SOLAR, one can report to all market data providers with a single process, which is a huge convenience when compared to separately to each market data provider.

Datafeed Consumers
(e.g. Credit Suisse, ABN Amro, UBS AG, and Carlin Equities)
TCB Data offers a simple way of reporting your datafeed subscriptions online. Through our Direct Device Reporting System, one can add, edit, and delete locations, enter their usage for the month, and submit comments to your data providers. An emailed reminder will even alert you when your reports are.

Questions? Please email us at admin@tcbdata.com. Our business hours are weekdays 9am -6pm Eastern Standard Time.