QuoteControl

QuoteControl combines methods from statistics and artificial intelligence in an expert system with rule-based verification procedures to determine the most market-conform price of a financial instrument. 

Our solution processes large volumes of data transparently and efficiently, and supports business units in identifying incorrect or implausible prices. By configuring individual rules, the expert system can be calibrated to ensure that decisions accurately reflect your valuation guidelines and market knowledge.

The quotes/prices suggested by the expert system are then subjected to further quality assurance using configurable validation methods.

The supported validation methods include, amongst others:

• Validation against other data providers and data sources
• Validation against previous day’s prices and previous day’s rates
• Verification of price and rate changes
• Dynamic tolerance limits taking historical volatilities into account
• Timestamp verification for date and time
• Detection of zero values
• Detection of provider changes
• Comprehensive review of market structures
• Combination of various validation methods
• Comprehensive monitoring of critical quotes and prices

Checking transactions for market conformity requires up-to-date, quality-assured market data as well as robust valuation methods. QuoteControl retrieves transactions to be checked directly from order and trading systems and analyses them automatically without any data or time gaps. The solution supports checks against both current market prices and internally or externally calculated fair values. 

The supported processes include:

• Checking transaction prices against market prices (Market Check)
• Verification against fair values calculated by the system
• Check against fair values from external systems
• Complete documentation of all verification steps

Many financial institutions use different systems for fund accounting, risk management, reporting or trading. This often leads to data inconsistencies due to different price sources, valuation methods or query times. QuoteControl acts as a central, enterprise-wide source for validated quotes and prices.

All connected systems receive the same quality-assured information. This prevents inconsistencies and improves data quality in the long term. 

The central dashboard provides complete transparency across all data streams. You can see at any time which source a price comes from, which checks have been carried out and whether a price has already been validated. This enables business units, compliance and risk management to maintain full control over the entire market data process at all times. Integrated monitoring, comprehensive audit trails and the dual-control principle for critical changes further ensure maximum transparency and governance.

Incorrect prices and inadequately documented price checks can have a significant impact on NAV calculations, risk models, regulatory reporting and market conformity checks. QuoteControl supports financial institutions in complying with regulatory requirements in Germany, Austria, Luxembourg and Switzerland. 

QuoteControl reduces the risk of errors in daily NAV calculations by identifying and excluding incorrect or implausible prices before they are processed further. This minimises operational risks and sustainably improves the quality of downstream processes.

Our solution helps with, amongst other things:

• Market compliance checks in accordance with MiFID II and MaRisk
• Price valuation in accordance with KARBV
• Requirements under UCITS and AIFMD
• Record-keeping for BaFin, CSSF and FMA
• Audit trails for internal and external audits

Every price source, every validation and every manual change is fully documented and logged. This enables you to establish a robust foundation for audits, internal controls and regulatory reviews.

A platform for all financial market data: QuoteControl supports the centralised management and distribution of a wide variety of financial market data.

These include, amongst others:

• Interest rates/yields
• Valuation and analysis data 
• Key figures

The open architecture allows for the integration of any number of data sources and target systems. Whether cloud-based or on-premises, existing core banking systems or custom data sources – ValueLine integrates flexibly into your existing IT landscape. This allows you to retain full technological autonomy and avoid dependence on individual providers or systems. 

QuoteControl supports the processing and validation of a wide variety of financial instruments and market data, including shares, bonds, funds, derivatives, foreign exchange, structured products, yield curves and macroeconomic information.

QuoteControl is used by banks, asset management companies, custodian banks, mortgage banks, savings banks, Volksbanks and Raiffeisenbanks, asset managers and wealth managers.

We support the following roles and functions, amongst others:

• Head of Fund Accounting
• Head of Valuation
• Head of Risk Management
• Head of Treasury
• Head of Depositary
• Head of Asset Servicing
• Head of Market Data Operations
• Market Data Manager
• Compliance Officer
• COO
• CIO