Xenomorph has launched an update of its TimeScape data and analytics management system with enhanced data cleansing and validation encompassing ‘4 eyes’ or two user approval. The system has been updated in accordance with client feedback, according to the vendor.
Chris Budgen, chief technology architect at Xenomorph, explains: “Cleansing, validation and audit is a vital area of data management in financial markets, and one that is set to become more challenging as data volumes and complexity grow. High quality data is the essential component of good risk management practice, and an area where there are many gains to be made in increasing data transparency and decreasing manual intervention.”
It is aimed at allowing clients to meet the challenges resulting from recent regulatory pressure on data quality, audit trail requirements and data validation processes, says Xenomorph. The ‘4 eyes’ feature enables the approval process for market data to be split into multiple stages, requiring more than one user to mark a piece of data as officially approved.
This solution encompasses standardised and customisable rules for cleansing real-time and historic market data, plus derived financial objects such as curves and spread curves. In addition to batch rules for cleansing data, this release also offers interactive ‘data rules’ for on the fly, interpolation of missing data from multiple data sources and proxy instruments, says Xenomorph.
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