Data Managers have ever increasing responsibilities and duties to ensure that end-of-day or intra-day pricing for enterprise-wide distribution is accurate and verified. Never has there been more regulatory pressure to ensure accuracy, nor as much internal pressure to ensure the highest standards of good governance and the avoidance of Operational Risk. All this comes at a time when there seems to be an ever widening range of new instrument types and OTC instruments. Achieving a verified and credible price is vital. It is also a key requirement that such prices are appropriately archived and are available for reporting.

Prices come from a variety of sources – not just the traditional data vendors such as Reuters and Bloomberg – but also from a range of specialist providers and from in-house applications and spreadsheets, and manual input.

The challenges are to ensure that each of the thousands of data items is collected in a timely manner, rigorously tested against a variety of criteria, published on time, with a clear Audit Trail to demonstrate adherence to best practices, as dictated by regulations. Collection of historic performance statistics should also allow for process analysis and provide support for Six Sigma style continuous process improvement.

The quality of your End of Day Pricing depends on:

• Efficient collection of data to be analysed across a range of Price Zones
• Immediate resolution of data that does not pass the verification process
• timely distribution to all areas and departments