Axon Raises Curtain on Second ACT

Axon's new ACT tool will provide speedier and more accessible data on a firm's application data usage, as well as—when used with its PEAR tool—helping to understand the cost impact of exchange policy changes.

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Axon co-founder and chief executive Chris Hutton says the vendor developed ACT in response to requests from financial firms who were unhappy with the current process of collecting information, where a firm might engage a team of consultants once or twice a year to manually collect usage information from application “owners” and create reports. The problems with this approach are that collecting the data this way can take several months, and relies on someone manually inputting the results into a

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