Financial data processor
Encyclopedia
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 byte
s 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.
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 :
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.
Byte
The byte is a unit of digital information in computing and telecommunications that most commonly consists of eight bits. Historically, a byte was the number of bits used to encode a single character of text in a computer and for this reason it is the basic addressable element in many computer...
s 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 offered
Pricing validation :Price validation services enable users to streamline their operations and reduce the risks inherent in activities such as NAV
NAV
- Organizations :* Navistar International, truck manufacturer; its stock symbol on the New York Stock Exchange is NAV* NAV CANADA, a non-profit organization that operates Canada's civil air navigation service-Government agencies :...
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 :
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 value
Working with an end user, a financial data processor can process raw data feeds or services to help a user achieve:- Reduction of operational risk.
- Validation of hard to price instruments.
- Reduced chance of a breach of Service Level Agreements.
- Clearly defined audit trail.
List of processors
- Adaptive ModelerAdaptive ModelerAltreva Adaptive Modeler is a software application for creating agent-based financial market simulation models for the purpose of forecasting prices of real world market traded stocks or other securities...
- AmiBroker
- Asset Control
- Axial Finance
- Channalyze
- ChartAlert
- CQGCQGCQG is a privately held company creating financial software solutions for market technical analysis, charting, and electronic trading. CQG specializes mostly in the futures market but provides both real-time and historical data from more than 100 exchanges from North and South America, Europe, Asia...
- EsignalESignaleSignal, an Interactive Data company, offers its eSignal suite of products and services, as well as trading education, global, real-time market data and decision support tools to individual and active traders worldwide...
- MetaStockMetaStockMetaStock is a proprietary computer program created by Equis International used for charting and technical analysis of stock prices. It has both real-time and end-of-day versions.- External links :*...
- MetaTrader 4MetaTrader 4MetaTrader 4, better known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. ...
- NexTick
- Piggy Market Squeak
- QtstalkerQtstalkerQtstalker is a free technical analysis program for POSIX systems. It is similar to commercial software such as Metastock, Supercharts and TradeStation, and keeps to a lean, simple design for speed, portability and low resource usage. Qtstalker can be extended because it uses a plugin model...
- Sierra ChartSierra ChartSierra Chart is a proprietary computer program used for charting and technical analysis.- Advanced Custom Study Interface and Language :Sierra Chart has an advanced and easy to use custom study interface and language , which allows you to create your own custom studies and trading systems, as well...
- StatPro
- TA-LibTA-LibTA-Lib is an open-source software library of technical analysis indicators. The library provides about 125 functions like ADX, RSI, MACD, Stochastics, Bollinger Bands, candlestick pattern recognition. TA-Lib can be reused by trading software developers working with Excel, .NET, Java, Perl, Python,...
- TraderStar
- TradeStationTradeStationTradeStation is a Windows-based application, designed, sold and distributed by TradeStation Securities, Inc. It is technical analysis software that is used for analyzing and trading the financial markets. It uses a built-in proprietary programming language named EasyLanguage.TradeStation is a...
- WinChartWinChartWinChart is a technical analysis program in Malaysia created by Straits Index Sdn Bhd, founded in 1998. WinChart is the first in Malaysia that comes in three languages, English, Chinese, and Malay, providing charting tool to study technical analysis trends and chart pattern of stocks...
- Valuelink http://www.valuelink.co.uk
- FinancialContentFinancialContentFinancialContent is a web widget company that provides financial tools & applications to websites. It was founded in 1998. In February 2006 the company raised $1 million in funding to develop StreetIQ.com, a business podcasting portal. In July 2008, the company announced that it would begin...
http://www.financialcontent.com
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.- Software and Information Industry Association, Financial Information Services Division http://www.siia.net/index.php?option=com_content&view=article&id=138&Itemid=4
- Inside Market Data Reference http://www.imdreference.com/
- Bobsguide