Market Data Management

Market data management encompasses the centralised collection, validation, quality assurance and distribution of quotes, prices, interest rates, yields, reference data and other financial market data. A consistent and quality-assured database is crucial for fund accounting, NAV calculations, reporting, risk management and numerous other business processes.

With QuoteControl, abraxas offers a powerful solution for efficient market data management. Our software collects market data from various sources, checks it against defined validation rules and then makes it available centrally to all connected target systems. This enables financial institutions to avoid data inconsistencies and create a uniform data foundation for the entire organisation.

Incorrect or implausible market data can have a significant impact on valuations, reports and downstream business processes. That is why QuoteControl relies on a multi-stage quality assurance process involving various validation and verification procedures. Our solution supports, amongst other things, validation against alternative data sources, previous day’s prices and historical volatilities; the verification of price changes and timestamps; the detection of zero values; and the monitoring of provider changes. 

Quality checks can be flexibly configured using a predefined catalogue of validation rules and manual verification steps. By combining various methods, QuoteControl helps to sustainably improve the quality of quote and price information and to identify erroneous data at an early stage. We are also happy to implement any additional validation methods requested by our clients.

QuoteControl was developed for complex system landscapes in banks, asset management companies and financial services firms. Its open architecture enables the connection of various market data providers as well as the integration of numerous target systems.

For example, data sources such as Bloomberg, LSEG (Refinitiv), SIX Financial Information or other providers, as well as internal formats (e.g. Excel, CSV), can be seamlessly integrated. At the same time, the quality-assured data can be automatically distributed to fund accounting systems, core banking systems, trading systems, reporting solutions, data warehouses or other specialist applications. This creates a central, company-wide source of validated market data.

Regulatory requirements demand a high level of transparency, traceability and quality in the market data used. QuoteControl supports financial institutions in efficiently meeting these requirements through standardised processes and comprehensive governance functions.

All data changes, validations and distributions are documented in a traceable manner. In this way, QuoteControl lays the foundation for an audit-proof market data supply and supports compliance with regulatory requirements as well as internal compliance and governance guidelines.