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>

Price validation service enables you to streamline your operations and reduce the risks inherent in the NAV production. Acting as a managed service provider, a financial data processor (such as ValueLink) will take raw data from the clients' chosen data sources and subject it to their rigorous validation processes.

Counterparty Price Collection & Validation. <br>

A Counterparty Collection service provides a unique collection, reconciliation and validation service for OTC derivatives and other illiquid instruments. Financial Data Processors will have incorporated over 350 different manual sources into fully automated systems - such as ADEPT, which is used exclusively by ValueLink.

Corporate Actions/Dividends Validation.

A corporate actions service enables you to streamline your 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 their rigorous validation processes.

==Added Value ==

;Pricing validation :

Reduction of operational risk. <br>

Price validation serviceservices enablesenable youusers to streamline yourtheir operations and reduce the risks inherent in theactivities such as [[Net asset value|NAV]] production. Acting as a managed service provider, a financial data processor (such as ValueLink) will take raw data from the clients' chosen data sources and subject it to theirthe rigorousprocessor's validation processesroutines before onward delivery.

Validation of hard to price instruments. <br>

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

Clearly defined audit trail.

;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. Financial Data Processors will have incorporated over 350 different manual sources into fully automated systems - such as ADEPT, which is used exclusively by ValueLink.

;Corporate Actions/Dividends Validation. :

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

A corporate actions service enables youusers to streamline yourtheir 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 theirthe rigorousprocessor's validation processesroutines before onward delivery.

==Added Value value==

{{flagicon|USA}} : Essex radez [http://www.essexradez.com], FinancialContent [http://www.financialcontent.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>

==References==

* Validation of hard to price instruments. <br>

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/>

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

* Clearly defined audit trail.

<references/>

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>

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

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

==Companies'List Ownof Websitesprocessors==

* [[Adaptive Modeler]]

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

* [[CQG]]

Valuelink [http://www.valuelink.co.uk]<br />

* [[Esignal]]

[[FinancialContent|Financial Content]] http://www.financialcontent.com]

* [[MetaStock]]

* [[Money.Net]]

* [[MetaTrader 4]]

* [[TradeStation]]

{{DEFAULTSORT:Financial Data Processor}}

[[Category:Financial services organizations]]