About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

SmartStream Planning to Add Entity, Corporate Actions and Settlement Instruction Data to DClear in the Future

Subscribe to our newsletter

There may be some debate about SmartStream’s future ownership at the moment, but the vendor is not about to let that hold back the development plans for its reference data utility solution DClear, according to David Penney, executive vice president of strategy and product development at the vendor. SmartStream is currently working on adding more instrument data to the platform to add to its current offering and, further down the line, is keen to add entity, corporate actions and settlement instruction data to the mix.

First revealed in an exclusive with Reference Data Review back in May 2008, the reference data utility solution has since picked up two clients in the form of one buy side and one tier one sell side institution and has increased its instrument coverage to around 3.5 billion instruments on its database. The vendor is also adding new data items on a continuous basis such as new instruments and exchanges in order to increase its appeal to the market.

To facilitate all of this, it has created an internal data platform, which sits alongside its data dictionary, to collect data from multiple sources. It has also added algorithms to its data hub in order to check for data completeness and correctness, such as checking that dates and times are correct for specific countries in terms of valid working days. “This is with the goal of enriching the data that we provide so that we can fill in any missing dates and create reliable records for this data,” says Penney.

As well as focusing on improving the DClear platform, the vendor has opted to include a sub-set of DClear data in the rest of the SmartStream portfolio of products. The plan is to develop a joined up approach to the reference data space by linking the exceptions focused solution set with the utility’s data repository. “This is to have a clean set of reference data from source,” explains Penney. “We hope to have completed this by the third quarter of next year.”

Penney believes that the plans for the development of a central reference data utility driven by the regulatory community, as indicated by the US Office of Financial Research and the discussions of the European Central Bank, will not have a negative impact on DClear. The development will likely be a slow burn, in his opinion, and firms will need to continue to cross reference data items for some time to come.

In the meantime, SmartStream will be pitching its utility as a means to navigate the complex world of instrument reference data and, potentially in the future, entity, corporate actions and settlement instruction data.

Moreover, the vendor may not have exhibited at this week’s FIMA conference, but it was the subject of a number of conversations on the show floor. Rumours were flying about the new recruit that has been hired to replace John Mason who left earlier this year to join data management outsourcing solution vendor Netik. Rumour has it that GoldenSource exec Hugh Stewart will be joining in the near future…

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unlocking Transparency in Private Markets: Data-Driven Strategies in Asset Management

As asset managers continue to increase their allocations in private assets, the demand for greater transparency, risk oversight, and operational efficiency is growing rapidly. Managing private markets data presents its own set of unique challenges due to a lack of transparency, disparate sources and lack of standardization. Without reliable access, your firm may face inefficiencies,...

BLOG

AI Emerges as Key Focus for the Buy-Side, Says SIX

Three years ago when Swiss financial data and market infrastructure provider SIX launched its first report together with Crisil Coalition Greenwich on the state of play within the buy-side, the subject of artificial intelligence barely made an appearance. Fast-forward to 2025, and AI dominates the latest report. AI is being deployed within a growing number...

EVENT

Eagle Alpha Alternative Data Conference, London, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...