Market Data Usage Optimizer
EVDM

Modules

Abaco EVDM is a modular Solution aimed to address the need of Financial Institutions to manage Market Data (Real Time / Infra Day / End Of Day), Reference Data and CorAx following an intelligent and optimized approach
The solution is compliant to Data Vendor policies, but is able to reduce at minimum the Market Data Yearly cost for each client
There are different modules developed in order to address different client needs: Analysis of Data Usage by Users and Applications, Compliance Analysis of invoices received from Providers, Intelligent Capture, Caching and Distribution of Data, Entitlement and Compliance Reporting
The modules can be combined together in order to accommodate what each client would like to obtain from the solution

To allow customers to keep under control the use of Market Data, Abaco provides many analysers each developed in order to capture all facets of the service which is parameterized
All Analysers have the ability to provide the customer a clear picture of what are the applications that consume Market Data or which are the Users that have been provided Terminals and how much and to what % of the service fee (or the total) they are absorbing in such a way to suggest the most proper mode of allocation of the related costs
For the service the provider are used to bill in advance a budget usage plus an invoice for the over consumption at the end of the period, our Analysers have also the ability to alert clients when data usage is exceeding predefined thresholds.

The connectors to the Data Feed both for Real Time than EoD / InfraDay flows are based on SuperConnector (Abaco proprietary technology)
Their basic functionality ensures efficient and customized management of the process of acquiring information from the Provider. The Connectors can be engaged by Processes or End Users via structured files sent to them or detected in shared directory or via GUI
Each connector has a Graphic User Interface through which is easy and intuitive the creation of new requests to Providers and the related output file in the desired mode by setting each output field both in terms of content (the original or a modified value of the Provider applying calculations, IF , ...) that in relation to the format or to the desired position within the records
All Connectors incorporate intelligent analysis tools required to deal with, for example tools able to prevent the transfer to the required target Provider of double or multiple refer to the instruments for the same fields

The Data Switch combines the functionality of two connectors and allow to direct to another provider native calls made to interact with a different one, returning to the application that had made the request an output consistent to the standard one it was expecting to receive from the switched provider
Redirection can be total or partial affecting the entire data set or just part of it, depending on the customers needs
To better manage these activities mapping tables of the main identifiers of financial instruments (ISIN , Ric, BBG Ticker, Valoren, CUSIP, Sedol, ... ), of the counterparties identification codes (LEI, BBG Unique Identifier , ... ) as well as of the fields list available within the different the Data Provider flows are cabled and kept up to date within the Data Switch

The EVDM solution can rely on an Intelligent Data Mixer that is able to manage the requests coming from each application and split it in two or more requests, dispatch them to the assigned Providers, compact the various output files received and send back to the application a unique output file written in the language the application expects to receive.
Usually this module is bought from clients when there is the need to achieve optimization ($$) splitting the requests versus the cheaper providers (according to client’s contracts) for each type of data without requesting any change to the way each application requests the data they need.
Another area of application is the one connected to the need of a duplication (or multiplication) of the source of acquisition of the data in order to perform a quality check on the same: in this case is the EVDM Data Mixer that is meant to send the requests to the various Vendor data that have been configured starting from a simple list of ISIN or other identification codes of the financial instruments

The Entitlement aims to enable EVDM customers or other proprietary or branded EDM solutions (i.e.: GoldenSource, Markit EDM, SmartCo, Access Control, ... ) to manage the use of the data made available in a manner consistent with the Policy of the data Providers, of the Data Owners (Third Party like ICAP, Tullet, BGC, ... , Exchanges, Index Producers, ... ) and the contracts entered by clients with them
The parameters available in the module allow clients taking into account information concerning the Entity from which the Data request comes from (i.e.: Main, Branch, Sudsidiary, …), the area where it is positioned the application requesting the data (i.e.: Front, Middle, Back), the type of data required for each single call, the next use that will be made of the data, ... , and enable them to automatically block escaping the single request when not consistent with the profiles declared during the configuration
All the data consumption of the different applications connected to the EDM platform within a time period defined by the client is tracked and that information is made available in standard or customized reports for internal or external audit

The EVDM Data Cahing is a module built to optimize request versus a single provider avoiding duplicating totally or partially equal data request related to Intraday, End Of Day or Reference data.
The Module can be programmed in the way it can:
- learn autonomously the type of fields that it needs to request and store for each provider in order to enlarge the list of fields requested and to avoid multiple hits
- manage different intervals of "freshness" for each type of data available in the IntraDay Cache depending on the different application requesting the same data and also for the type of End of Day Data (especially when related to Reference Data).