Market Data is a major cost driver in financial markets. Ever increasing regulatory and client reporting requirements adding to the demands and putting pressure on data budgets.
Exfidant’s new software based service addresses these issues and enables institutions to significantly reduce market data cost for pricing, reference, corporate actions and ratings data.
The Market Data Hub service provides clients with an analysis tool presenting a clear picture of where market data is being used making data flows transparent. In a second step Market Data Hub allows clients to simulate the cost effects of switching and/or mixing data sources or vendors.
Once the most cost effective sources have been identified Market Data Hub facilitates the move to new or alternative sources to optimise the cost-benefit ratio without the need to involve IT resources. MDH performs all required data transformations and returns response files in the expected data format. The service also keeps all connectors to data vendors up to date to ensure a seamless and trouble free operation for clients.
Last but not least all requested data can be distributed across the client’s business in multiple formats to service all data consuming applications as well as ad hoc requests.
Market Data Hub provides complete data governance, transparency and data lineage. A management dashboard visualises data delivery and allows for data tracking and drilldown. The included monitoring tool allows data managers to identify unusual data requests and to set up policies for those requests.
The Exfidant client service team is on hand for exception handling and any other issue that may have an impact on data quality and delivery.