Financial data processor: Difference between revisions

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'''Financial Datadata Processorsprocessors''' isare the next layer in the service chain between users of financial data and [[Financialfinancial data vendors]]. Most data is now delivered as bits and bytes[[byte]]s and not in a physical format. Data is fed through web pages and as "Rawraw" data files. Files are either processed by banks, or by third -party companies -– [[Financialfinancial data processors]] who provide additional added value to those companies who choose to use them.

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==Background==

Financial Data Processors is the next layer in the service chain between users of financial data and [[Financial data vendors]]. Most data is now delivered as bits and bytes and not in a physical format. Data is fed through web pages and as "Raw" data files. Files are either processed by banks, or by third party companies - [[Financial data processors]] who provide additional added value to those companies who choose to use them.

== Services Offeredoffered ==

Pricing Validation. <br>

Counterparty Price Collection & Validation. <br>

Corporate Actions/Dividends Validation. <br>

==Added Value ==

;Pricing validation :

Reduction of operational risk. <br>

Price validation services enable users to streamline their operations and reduce the risks inherent in activities such as [[Net asset value|NAV]] production. Acting as a managed service provider, a financial data processor will take raw data from the clients' chosen data sources and subject it to the processor's validation routines before onward delivery.

Validation of hard to price instruments. <br>

Less chance of a breach of Service Level Agreements. <br>

Clearly defined audit trail. <br>

;Counterparty Price Collection &and Validation. <br>:

==Global Nature==

A Counterparty Collection service provides a unique collection, reconciliation and validation service for OTC derivatives and other illiquid instruments.

;Corporate Actions/Dividends Validation. <br>:

The flags shown here show the home market of some Financial Data Processors <br />

A corporate actions service enables users to streamline their operations and reduce the risks inherent in fund administration. The financial Data Processor will act as a managed service provider, and take raw data from the clients' chosen data sources and subject it to the processor's validation routines before onward delivery.

==Added Value value==

{{flagicon|USA}} : Essex radez [http://www.essexradez.com]<br />

Working with an end user, a financial data processor can process raw data feeds or services to help a user achieve:

{{flagicon|GBR}} : Valuelink [http://www.valuelink.co.uk] <br />

* Reduction of operational risk. <br>

<br />

* Validation of hard to price instruments. <br>

Less* Reduced chance of a breach of Service Level Agreements. <br>

* Clearly defined audit trail. <br>

==List of processors==

==References==

* [[Adaptive Modeler]]

There are a multitude of references to this industry. Below are some industry associations and below that the most extensive reference, the companies' own websites.<br/>

* [[CQG]]

* [[Esignal]]

<references/>

* [[MetaStock]]

Software and Information Industry Association, Financial Information Services Division [http://www.siia.net/index.php?option=com_content&view=article&id=138&Itemid=4]</br>

* [[Money.Net]]

Inside Market Data Reference [http://www.imdreference.com/]</br>

* [[MetaTrader 4]]

Bobsguide [http://www.bobsguide.com/busint.html]<br/>

* [[TradeStation]]

{{DEFAULTSORT:Financial Data Processor}}

==Companies' Own Websites==

[[Category:Financial services organizations]]

Essex Radez [http://www.essexradez.com]<br />

Valuelink [http://www.valuelink.co.uk]

[[Category:Financial services]]

{{finance-stub}}