Market Data & Reference Data
Market Data:
Data associated with securities, financial directives, investment instruments, and currency is known as market data referred as real time price data. Market data is highly time sensitive data, used by traders, investors or broadly speaking all users, involved in securities’ transactions.
Information related to equity or stock that is available on trading desk can [...]
Basel Accords and Cross Reference Data
Basel Accords:
Basel I and Basel II accords were introduced in 1988 and 2004 by Basel committee to set common standards for banking regulations and to improve the stability of the international banking system. The accords lay out the rules to be followed by the national regulators in such matters as setting the minimum capital requirements. [...]
Why do you need reference data in getting complaint with MiFID?
What is MiFID?
Markets in Financial Instrument Directive officially took effect on November 1st 2007 was introduced by European Union to increase the cross border investment orders and aimed to integrate the European financial markets. Firms covered by MiFID are authorized and regulated in their home state (where they have registered office). Once firm has been [...]
Corporate Action Processing - Challenges
Corporate Action:
Any event that brings material change to a company and affects its stakeholders / shareholders can be classified under corporate action. Corporate Action is a process initiated by a company, agreed upon by its board of directors and authorized by its shareholders.
Some commonly known examples of corporate action are;
1. Stock splits
2. Dividends
3. Rights Issues
4. [...]