Client story · Partner since 2025Every exchange notice, read, checked and accounted for
TNS builds the infrastructure behind payments, communications and financial markets. Its trading business, Waypoint Trading Solutions — a TNS business — connects financial institutions to exchanges around the world, and every one of those exchanges keeps changing the rules: new protocols, new products, new fees, each announced in its own format.
SEAD built, and runs, the engine that turns those announcements into structured, reviewed records Waypoint's team can act on — read by AI, checked by people, delivered and audited. Since October 2026 it has powered Wayfinder, Waypoint's platform for managing exchange and market data notifications. Five chapters follow.
Notices arrive in every format imaginable
An exchange that changes a protocol, launches a product or adjusts a fee sends a notice, and every firm connected to it has to read it, decide whether it applies, and act before it takes effect. Some notices arrive straight from the exchange. Some are forwarded on. Some come as a newsletter carrying a dozen notices at once, each with its own date and its own consequence.
Miss one and the cost is an outage, a broken connection or a fee nobody budgeted for. Read every one by hand and a team spends its week reading.
- Protocol change
- Fee schedule update
- New product launch
- Service update
- Deprecation notice
- Newsletter — many notices in one
The engine is a Co-Wright custom application, built for this one problem and run by SEAD.
From the Wayfinder launch announcement:
We are working with Waypoint as part of their strategic focus to simplify and bring structure to market data vendor and exchange notifications. Notifications arrive in almost every format imaginable and tracking them across exchanges can be overwhelming. Transforming unstructured sources into structured, actionable data is a repeatable capability SEAD delivers across industries. Wayfinder applies it to market data, so changes that matter can be identified, assigned, actioned, and audited.
Read by AI, checked by people
Every notice is first matched to its exchange from a maintained registry; a sender the registry does not recognize is held for a person rather than guessed. A newsletter is split into its individual notices, and each is read on its own.
Three AI passes follow. The first decides whether the notice needs action, whether it is confidential and whether its values conflict. The second writes the summary, sorts the notice into that exchange's own notice types and finds the date it takes effect. The third pulls out the structured data the notice carries.
Member Services, Exchange A
Fee schedule update — order entry sessions
Effective the first trading day of next month, the monthly fee for each order entry session will change as set out in the attached schedule.
Members should review their session configuration before the effective date. Sessions not in use may be canceled without charge until then.
- Exchange
- Exchange A
- Notice type
- Fee change
- Takes effect
- First trading day of next month
- Action
- Review session configuration; cancel unused sessions
- Summary
- Order entry session fees change next month; unused sessions can be canceled free until then
- Status
- Approved by rule
Anything the passes cannot vouch for goes to a person. A notice that is confidential, carries conflicting or incomplete values, cannot be classified, has no date, or was read with low confidence is flagged, and the reasons are written beside it. For exchanges Waypoint has chosen to trust, a notice that clears every check is approved by rule; everything else waits for a reviewer — why we pair AI with human judgment.
- Every notice, read by three AI passes
- Confident · Clear · Complete · Dated · Classified
- Approved by ruleClean notice, from an exchange Waypoint trusts
- Human reviewFlagged, with the reasons written beside it
- Delivered to Waypointeach environment acknowledges
A notice that revises an earlier one is kept as its next version, not a duplicate. Every change to a notice's exchange, type or date is audited and permissioned, approved notices are delivered to Waypoint's systems and each environment acknowledges what it took, and Waypoint's team can re-run the AI from the portal whenever its rules change, watching the progress as it goes.
One view of every notice
Waypoint's team sees the whole flow in one dashboard: how many notices are approved, pending or denied, how many had their data extracted, when notices were sent against when they take effect, which exchanges and which notice types drive the load, and the detail behind any count — filtered by period, exchange, source, type, status or approver.
The dashboards were first delivered in Tableau, which SEAD supports, and are moving to Co-Wright Intelligence, SEAD's own AI-enabled dashboarding.
The admin dashboard, redrawn in Co-Wright Intelligence — sent dates and action dates side by side, because a notice sent today may not take effect for months.
What changes, and when
The same notices on a calendar: how many fall on each day of the month, how many sit in the month either side, and the list behind any day.
The notification calendar, redrawn in Co-Wright Intelligence — a month of notices by day, the month either side one step away.
Wayfinder, powered by Co-Wright
In October 2026 Waypoint launched Wayfinder, a platform for financial institutions to manage the notices exchanges send. Waypoint describes it as one view of every notification, each tracked as a task through to resolution, with rules that pick out the changes that affect a given firm — the launch announcement.
The structured notices underneath come from the engine in the chapters above, and SEAD keeps running it: the AI passes, the review queue and the delivery Waypoint's systems acknowledge.
Wayfinder is part of our strategic investment drive to develop software that really addresses the data management issues customers – from small prop firms to international banks – face daily. Our industry needs a simple and accurate way to manage numerous product, protocol and fee structure notifications and keep their commercial workflows up to date.
If the changes that matter arrive in every format
At TNS, every exchange notice ends as one reviewed, audited record. The preview of your portal is built and shown by engineers, not a sales script.
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