Approach
The primary focus of PaceMetrics' Assure is the daily management of pricing, reference, counterparty and corporate action data updates. As a result of the update processes, Assure also builds an audit trail of all events, such as errors, new product take-ons and model updates. Time-series data is also available, with the frequencies dictated by and customisable to business requirements, such as tick, per minute, hourly, daily and a window of snaps.'
Assuring STP
Using Assure enables our customers to achieve significant uplift in their straight-through processing rates for collecting, cleansing and publishing market and reference data. This begins with automated support for the taking on of new products as requested by downstream systems. This process launches PaceMetrics' 'auto-create' functionality if the instrument is unknown in the local environment, checking for associated data models and data vendor representations and updates; if the new instrument remains unknown, Assure's workflow processes enable the manual creation of the new instrument.
Once the instrument has been created, price collection will take place at desired intervals, with Assure monitoring both data vendor messages and downstream systems for price and reference data updates.
Capture every error
Using Assure, data quality managers in both buy- and sell-side institutions no longer need to manually search for errors and exception; Assure's dashboard will alert them to all errors and inconsistencies, from suspect values and system fall outs to corrupted files, faulty deliveries and escalations. Assure guarantees that every error is captured and notified to data managers who can then repair the error using Assure's built-in workflow tools before the error propagates further.
Assure creates a true sense of trust and transparency through its ability to provide both management and external customers with controlled access to up-to-date information on those business processes in which they have an interest. More efficient and transparent processes result in:
Rapid deployment
Assure is fast to deploy, particularly as PaceMetrics' lean data model enables 'quick start' implementations. Quick Start is facilitated by 'out of the box' standard business rules which can be customised and adapted by our customers themselves. PaceMetrics' business rules are based on current best practices across our installed base.
Quick Start set-ups include:
Using Assure enables our customers to achieve significant uplift in their straight-through processing rates for collecting, cleansing and publishing market and reference data. This begins with automated support for the taking on of new products as requested by downstream systems. This process launches PaceMetrics' 'auto-create' functionality if the instrument is unknown in the local environment, checking for associated data models and data vendor representations and updates; if the new instrument remains unknown, Assure's workflow processes enable the manual creation of the new instrument.
Once the instrument has been created, price collection will take place at desired intervals, with Assure monitoring both data vendor messages and downstream systems for price and reference data updates.
Capture every error
Using Assure, data quality managers in both buy- and sell-side institutions no longer need to manually search for errors and exception; Assure's dashboard will alert them to all errors and inconsistencies, from suspect values and system fall outs to corrupted files, faulty deliveries and escalations. Assure guarantees that every error is captured and notified to data managers who can then repair the error using Assure's built-in workflow tools before the error propagates further.
Assure creates a true sense of trust and transparency through its ability to provide both management and external customers with controlled access to up-to-date information on those business processes in which they have an interest. More efficient and transparent processes result in:
- Guaranteed deliveries
- Multiple cleansing scenarios for the same data to different customers
- Improvement of customer SLAs for competitive advantage
Rapid deployment
Assure is fast to deploy, particularly as PaceMetrics' lean data model enables 'quick start' implementations. Quick Start is facilitated by 'out of the box' standard business rules which can be customised and adapted by our customers themselves. PaceMetrics' business rules are based on current best practices across our installed base.
Quick Start set-ups include:
- Provision of a lean data model, based on models from the leading systems on both the buy and sell sides
- Support for the data cleansing and workflow methodologies most commonly used by buy- and sell-side institutions
- Plug-in interfaces to external data suppliers
- Metrics on the behavior of plug-ins, deliveries, and rules
- Provision of audit trails and reports
- Support for standard time zone and portfolio price processes
Assure Enterprise data management
Let's talk about our fresh approach
PaceMetrics’ Embedded Governance approach is worth exploring! So let’s talk