Financial data processor: Difference between revisions

Revision as of 15:17, 13 December 2010

Revision as of 20:49, 10 February 2011

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'''Financial Datadata Processorsprocessors''' are 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.

==Background==

Financial Data Processors are 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.validation <br>:

Price validation services enable users to streamline their operations and reduce the risks inherent in activities such as [[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.

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

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

;Corporate Actions/Dividends Validation. :

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 Valuevalue ==

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

* Reduction of operational risk. <br>

* Validation of hard to price instruments. <br>

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

* Clearly defined audit trail.

==List of Processorsprocessors==

* [[Adaptive Modeler]]

==References==

* [[AmiBroker]]

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/>

* [[Asset Control]]

<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/>

==List of Processors==

* [[Adaptive Modeler]]

* [[AmiBroker]]

* [[Asset Control]]

* [[Axial Finance]]

* [[Channalyze]]

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* [[StatPro]]

* [[TA-Lib]]

* [[TraderStar]]

* [[TradeStation]]

* [[WinChart]]

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

==References==

<references/>

==External links==

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/>

* 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 Bobsguide]<br/>

{{DEFAULTSORT:Financial Data Processor}}