The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

SS&C Unveils Servers for Handling Reference Data

Trade and portfolio management software provider SS&C Technologies has been quietly developing a pair of server products that can be used to manage data flows into its own applications and those of other application providers. The company is now marketing Pricing Server and Market Data Server alongside its existing Camra, Antares and Altair products.

According to SS&C European managing director Rob Leadley, the company developed the data servers in order to offer clients a standardized way of handling both pricing services and static descriptive data. The servers have been implemented at three sites and SS&C is now talking to existing customers about adding them. Pricing Server is used to accept and normalize real-time price updates, currently from Bloomberg, Reuters and Telekurs. Market Data Server handles ad hoc inquiries by connected applications to retrieve-driven sources of information, including end-of-day pricing and descriptive data. Both systems were developed as part of SS&C’s Enterprise Data and Process Management initiative. Martin Taylor, developement director in London, says the initiative resulted in the development of a component-based infrastructure that supports both servers. The infras-tructure deploys a centralized, rules-based scheduler and interacts with deployable DCOM agents to service four functional subsystems, of which Pricing Server and Market Data Server are two, alongside Corporate Actions Server, which is still under development, and Web Server. Pricing Server interfaces to both ‘push’- and ‘pull’-based data services. A rules processor ensures incoming data is normalized according to client requirements, offering functionality such as rounding and formatting for the appropriate output to applications. The scheduler allows users to programme the system to request data from pull-based services according to their requirements. Market Data Server uses a similar architecture to submit requests to data sources when needed by an application. The system currently supports an interface to the Open Bloomberg server. SS&C is planning to develop interfaces for Reuters’ Source/Sink Library, FT Interactive Data and Telekurs.

Related content

WEBINAR

Recorded Webinar: A new way of collaborating with data

Digital transformation in the financial services sector has raised many questions around data, including the cost and volume of reference data required by each financial institution. Firms want to pick and choose the reference data they need to fulfil their requirements. Emerging solutions with the potential to decrease the cost of data and increase flexibility...

BLOG

DSB Opens First Consultation on UPI Fee Principles

The Derivatives Service Bureau (DSB) opened a first round of industry consultation on fee principles for the Unique Product Identifier (UPI) today. The consultation ends on 5 March 2021 and is the first of two consultations before a final report is published in September 2021. The UPI will come into play in 2022 and will...

EVENT

LIVE Briefing: ESG Data Management – A Strategic Imperative

This breakfast briefing will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

Enterprise Data Management, 2010 Edition

The global regulatory community has become increasingly aware of the data management challenge within financial institutions, as it struggles with its own challenge of better tracking systemic risk across financial markets. The US regulator in particular is seemingly keen to kick off a standardisation process and also wants the regulatory community to begin collecting additional...