The only market data expense management platform with sub-millisecond C++20 entitlement checks, AI contract parsing that runs entirely on-prem, and a SHA-256 hash-chained audit ledger regulators can verify. Part of the Quantum Family alongside QuantumTick Database (29 MCP tools) and QuantumTrade (10 MCP tools) — 65 tools total, one closed compliance loop. Replaces $250K–$2M/year Java incumbents. 91% cost reduction. Days to deploy, not months.
AI-assisted contract ingestion meets deterministic rule evaluation. Every violation is grounded in your actual contract language and your live entitlement state — never fabricated, never stale.
Upload a 60-page Reuters, Bloomberg, or exchange master agreement. A local Ollama model extracts parties, effective dates, user classifications, permitted feeds, billing tiers, audit obligations, and prohibited uses into a structured entitlement model. The parse itself is sealed into the audit ledger so regulators can re-verify it.
A native C++ rule engine continuously reconciles parsed contract terms against live DACS and DART state. Violations are detected in sub-millisecond time and written to a SHA-256 hash-chained immutable ledger.
From signed contract PDF to hash-chained regulator evidence, every step runs on your infrastructure with no external dependencies.
PDF/DOCX master agreements parsed by local Ollama LLM
Live polling of LSEG entitlements and declarations
Sub-ms C++ diff of contract terms vs. live state
SHA-256 hash-chained, UNIQUE-constrained, append-only
26 MCP tools, 35+ REST routes, live dashboard
Not a general ledger, not a generic SaaS. Every capability is engineered for the exact shape of the market-data-expense-management problem: contracts, entitlements, declarations, and the regulatory evidence chain that holds them together.
Upload Reuters, Bloomberg, ICE, CME, or S&P master agreements. A local LLM extracts parties, effective/expiry dates, user classifications, permitted feeds, billing tiers, audit obligations, redistribution rules, and prohibited uses into a structured entitlement model. The parse itself is sealed into the audit ledger.
Native Open DACS C++ SDK wrapper with background polling, thread-safe entitlement store, and SHA-256 fingerprinting of every snapshot. Ships with a complete stub path so teams without DACS credentials can develop, test, and demo against realistic data.
HTTP client for LSEG's DART Web Service pulls entitlement sets, concurrent controls, and declaration status. Fingerprinted on every poll. Drives DART-overdue violations into the compliance engine automatically.
Six production rules out of the box: over-entitlement, wrong user classification, expired contract with live access, user-count overshoot, volumetric overrun, unregistered downstream application, and declaration overdue. Severity-graded (Critical, High, Medium, Low, Info) with estimated USD liability per violation.
Every report seals into an append-only SQLite ledger with sha256_hash TEXT NOT NULL UNIQUE enforced at the schema level. Each report links to the prior report's hash, so any tampering breaks the chain. One-click full-chain integrity verification. No incumbent offers this.
26 registered tools over the Model Context Protocol. Claude Code, in-house agents, and RPA bots can say “reconcile all fixed-income users against the Bloomberg contract, file the DART amendment, and seal the declaration” — and it executes. A structural moat incumbents can't match for 2–3 years.
Every parsed contract gets a FISD CRISP score (0–100) across ten standard clause categories: user classification, permitted/prohibited uses, redistribution, derived data, audit obligations, entitlement scope, billing, termination, and AI/ML training. Identifies weak contracts before an auditor does.
Per-user, per-feed, per-desk cost transparency with drill-down to the exact contract clause driving every dollar. CFO-grade chargeback reporting without the custom-report engagement incumbents charge for separately.
Forward-looking index of every clause's expiry, renegotiation window, and auto-renew trigger. Monte Carlo cost projections under renew/cancel scenarios. Turns compliance from a cost center into a negotiation lever for the market-data procurement team.
The MDEM category is dominated by a post-acquisition consolidator running a 15-year-old tech stack (TRG Screen), an EMEA runner-up in post-merger drift (Calero-MDSL), and vendor-captive tooling that only covers its own data (Bloomberg BPS, LSEG DACS/DART). A handful of 2023–2025 AI startups circle the space but cannot land at tier-1 banks because they're SaaS-only with external LLM calls that fail InfoSec review. QuantumEM is built to win on five dimensions simultaneously.
Every KPI, every open violation, every contract-expiry, every DACS/DART fingerprint — rendered live from the C++ server, fully responsive, dense enough for a compliance floor.
Side-by-side rendering of a parsed contract clause next to the live DACS permission it maps to, with a red/green delta. Auditors can literally point at the screen and see compliance. Nothing in TRG, MDSL, or DACS produces this artifact.
At any instant, seal a signed bundle proving "at 14:03:22 UTC on 2026-04-14, user X held entitlement Y under contract Z, verified against DACS state hash H." The evidentiary primitive regulators have been asking for.
Export a signed .zip containing the ledger segment, original contracts, DACS snapshots, DART declarations, and reconciliation reports — the exact bundle an SEC or FCA examiner actually asks for.
Frontend auto-refreshes KPIs every 60s, violations every 120s, DACS/DART status every 30s. Abort controllers cancel in-flight requests on navigation. Dense data tables with sortable columns and status pills.
Drop a 60-page master agreement onto the upload zone. Real AI parsing progress displays live as the local LLM extracts clauses. When done, the parsed terms are rendered next to the raw PDF for review before sealing.
Every report, every violation, every audit log entry exports as canonical JSON with deterministic key ordering so the SHA-256 stays stable. Parquet export for analytics pipelines. Open schema, no lock-in.
These aren't nice-to-haves. They are the features auditors, procurement teams, and compliance engineers tell us are missing from every other MDEM product on the market.
Natural-language orchestration of the entire compliance workflow. Claude Code or an in-house agent can say “investigate the over-entitlement alert on desk EMEA-RATES, pull the relevant contract clauses, draft the remediation ticket, and file the FISD amendment” — and QuantumEM's 26 MCP tools execute it. The product becomes the substrate for compliance AI, not a competitor to it. A structural moat for 2–3 years.
At any instant, generate a signed, hash-chained bundle proving “at 14:03:22 UTC on 2026-04-14, user X held entitlement Y under contract Z, verified against DACS state hash H.” The evidentiary primitive regulators have been asking for. MiFID III consultation drafts (2025) are moving toward explicitly demanding this class of proof. QuantumEM produces it natively; every incumbent is still on mutable RDBMS logs.
sha256_hash UNIQUE NOT NULL at the DB layerQuantumEM is built for the review board that killed the last cloud-native MDEM pilot. No external dependencies, no LLM API calls, no telemetry, no phone-home. Everything runs inside your perimeter. Every sensitive operation is logged into the cryptographic chain.
The C++ server, SQLite ledger, local Ollama LLM, DACS wrapper, and frontend all run inside your network. No external network access is required for any core workflow. Passes bank InfoSec review the first time.
Every report seals with a SHA-256 hash that references the prior report's hash. Tampering with any past record breaks the chain on verification. Schema-level UNIQUE constraint prevents hash collision insertion. No incumbent produces this primitive.
Every entitlement-store and DART snapshot gets a canonical SHA-256 fingerprint. Snapshots are content-addressed; duplicate pulls are deduplicated; every compliance report embeds the exact fingerprints of the DACS and DART state it was evaluated against.
Every poll, every parse, every violation, every report generation, every config change is written to an append-only audit_log table with ISO-8601 UTC timestamps, component, action, and optional user ID. Nothing in QuantumEM deletes, nothing overwrites.
Every database write uses SQLite prepared statements with parameterized binding. Zero string concatenation in the SQL path. SQL-injection surface is structurally eliminated at the data layer — not “we check for it,” structurally impossible.
Ships with a locked-down unit file: NoNewPrivileges, ProtectSystem=strict, ProtectHome, PrivateTmp, PrivateDevices, MemoryDenyWriteExecute, RestrictAddressFamilies=AF_INET AF_INET6 AF_UNIX, empty capability set. Runs as a dedicated unprivileged quantumem user.
Full API surface over Drogon. Routes for DACS state, DART state, contracts (CRUD + re-parse), compliance violations, compliance runs, reports (generate, retrieve, verify, chain-verify, export), dashboard KPIs, spend trend, vendor breakdown, activity feed, settings. OpenAPI documented. Integrate with your existing pipelines in a day.
Namespaced tool catalog — dacs_*, dart_*, contract_*, compliance_*, report_*. Every tool accepts JSON, returns JSON, and errors cleanly with MCP envelope formatting. Ships with a Claude Desktop config snippet for instant activation.
Direct DART integration plus automated generation of non-display, derived-data, and professional-classification declarations. Every filing is accompanied by the cryptographic proof chain that produced it — exchange auditors can verify the underlying evidence in seconds, not days.
Forward-looking view of every clause's expiry, renegotiation window, and auto-renew trigger. Daily scheduled status recomputation flags contracts at 30, 60, and 90-day horizons. A budget-timing tool, not just a compliance tool.
Every violation carries a computed estimated_liability_usd based on the contract's billing tier, overage rate, and the magnitude of the delta. Compliance teams prioritize by dollar risk, not severity label. CFO gets a real number, not "HIGH."
Every table is plain SQLite. Every export is canonical JSON or Parquet. Contract models are documented. MCP tool definitions are public. Pull ten years of contract data out in an afternoon — paradoxically, this wins enterprise trust that closed competitors can't match.
Every target validated with 72/72 unit tests. Static Linux binary with zero dependencies. Terraform for all four major clouds. Synology NAS for on-prem edge.
Three products, one unified MCP surface. Prove that every piece of market data consumed by every user in every trading application was contractually authorized, at every moment in time, with cryptographic evidence. No other vendor closes this loop.
29 MCP Tools · What data do we have?
Ultra-low-latency tick capture and distribution. 54+ feed handlers, sub-microsecond storage, ANSI SQL with financial extensions, 50M+ ticks/sec/core.
26 MCP Tools · Are we allowed to have it?
Contract parsing, DACS/DART reconciliation, compliance engine, SHA-256 audit ledger, cost attribution, FISD CRISP scoring. The governance layer.
10 MCP Tools · What are we doing with it?
Multi-asset trading platform. OMS, risk management, settlement, AI agents for execution and compliance. Pre-trade entitlement checks via QuantumEM.
65 tools total · 7 integration hooks · One natural-language workflow across all three products
No per-user fees. No per-core fees. No professional services dependency. AI contract parsing eliminates the $150K–$400K onboarding engagement. The license IS the total cost.
Every tier includes all 35+ REST endpoints, all 26 MCP tools, AI contract parser, SHA-256 ledger, all 9 deployment targets, and Quantum Family integration hooks.
Even our most expensive tier equals the LOW END of TRG Screen — before their $150K–$400K professional services engagement.
QuantumEM replaces mutable RDBMS audit logs with a cryptographic chain, replaces 6-month professional-services onboarding with drag-and-drop AI contract parsing, replaces overnight DACS reconciliation with sub-millisecond C++ checks, and replaces UI-only workflows with 65 MCP tools across the Quantum Family. 91% cost reduction over 3 years. On-prem. InfoSec-ready. No external LLM calls. One integrated product instead of the TRG + MDSL + DART + spreadsheets stack that owns your compliance floor today.
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