[For reasons of competitive advantage, this PaceMetrics customer wishes to remain anonymous]

PaceMetrics was approached in 2004 by a Tier 1 Investment Bank with global trading positions and a 24/7 mindset. The Bank wished to implement a solution to provide verified end-of day prices for the thousands of instrument which they trade across multiple Asset Classes and Price Zones daily. This necessitated the collection of data from a variety of sources - traditional vendors, specialist data sources, in-house applications and spreadsheets. The data needed to be validated and verified, and repaired where problems were detected. Finally, all prices needed to be published for global usage by authorised users in a timely fashion.

All stages of the process needed to be monitored in real-time and systematic rules-based resolution applied to all repairs. Complete and detailed Audit Trail and the storage of events for analysis and reporting were also a requirement.