subject: Is It Practical To Ask Support From Market Data Services? [print this page] For several years market data services have encountered many developments in the way they permit financial service industries access and share information all through organizations. Using their unique market database and market data analytics, they amplified businesses efficiency in performing market data research, charting as well as strategy evaluation.
The types of market data services consist of refinement/reconciliation services, messaging services and highly scalable solutions services. These services can direct and maintain reference data that is valuable for daily trading, risk management, accounting as well as sending reports to investors and regulators.
While most market data servers are well-suited with Solaris or Linux, there are new versions that show compatibility with Windows. These services are made with distribution platforms that permit the successful distribution of the data gathered from financial markets all over the internet and LAN.
They comprise the aptitude to counter the financial markets quick revisions as well as the ability to merge and differentiate data by way of using their protocols to diminish latency and augment throughput.
The procedure behind the service of market data includes the contribution of Source, Authority and Destination. The source or application acquires data from a particular feed. The source then connects to the authority or service in which takes charge of accepting the Destination or clients and for the further sharing of that data.
If a destination or client aims to acquire access to an instrument then that client can seek aid from the authority or service. In an event that the authority does not own the requested information then it transmits the request to the source. Every time an authority or service acquires updates on an instrument then it instantly distributes that information to every authorized destination or client.
While there is a huge selection of market data services online, there are some services that may not accommodate what you require. To lead you in your selection or search, below are a few of the advantages of a steadfast service provider:
1. It can display a presentable structure of market trends for thorough, quicker and more accurate analysis
2. It can lend assistance in the management of the huge range of asset classes
3. Aside from providing updated data, it must include in its database the volatility surface, futures, OTC options, FX, equities, economic indices, derivatives, yield curve interest rates, commodities, fixed income, foreign exchange, and money market
4. Its data manipulation tools maximize the users capability to perform complex financial data analysis
5. It has data and risk management applications
Market data services have aided market players to acquire the utmost confidence in their decisions. It is important for market updates to be efficient and precise especially when information plays a crucial role in the direction of every institution. Noticeably, there is an increase in the amount of data which is why additional help is needed in managing it.
