Electronic & Algorithmic Trading
Design and improve electronic execution across order and execution management, routing, market access and connectivity.
Markets & Trading
Market, Pricing & Reference Data
Build reliable market, pricing and reference data across the business.
Overview
What this means for your business.
Trading, valuation, risk and operations depend on consistent prices, curves, instruments and identifiers. Data ownership and distribution need to reflect the decisions and processes that use them.
Capmark helps banks, asset managers and treasury functions assess data sources, feeds and consuming platforms. We design golden sources, ownership, lineage, validation and exception handling.
Our work includes vendor-feed rationalisation, licensing assessment and remediation of data issues affecting valuations, settlement and reporting.
What we do
The expertise we bring.
We source vendor feeds, real-time and end-of-day prices, curves and marks once, validate them at entry and distribute them to the systems that need them. Each price carries visible derivation, so front office, risk and finance work from the same numbers.
We align instrument, identifier, counterparty, venue and calendar data across front office, operations, risk and finance. When a settlement fail or reporting break traces back to a bad record, we fix it at source rather than patching every consuming system.
We define the golden source, ownership model, lineage and exception queues needed to keep critical data controlled. Controls are designed for daily operation, then delivered into platforms in stages and proven before the next stage moves.
We build an inventory of feeds, entitlements, usage and consuming systems. This supports licence negotiations, identifies redundant feeds and helps market-data spend reflect what the business actually uses.
What to expect
A team shaped around the work.
A Senior Practitioner leads from day one. The first weeks map today’s market and reference-data flows: sources, vendors, identifiers, transformations, controls and consuming platforms.
We then quantify where data breaks, agree golden sources and ownership with the teams that will run them, and deliver lineage, validation and exception handling into the consuming platforms.
Engagements range from current-state assessment and target design to staged delivery of golden sources, controls and data remediation.
Work can focus on a specific data domain or on the data foundations supporting a wider platform programme.
01
Assess
Establish the current state, the constraints, the risks and the value at stake.
02
Define
Shape the target model and the business case with the executives who own the outcome.
03
Mobilise
Stand up the team, the plan and the governance around the outcome.
04
Implement
Design, build and test the change, with the business alongside.
05
Sustain
Cutover, hypercare and handover, so the business runs it under its own control.
The same five stages on every engagement, led by senior practitioners end to end. How we work
Impact
Results from relevant work.
50+
Systems, platforms and venue integrations delivered
Market, pricing and reference data aligned across trading, operations, risk and finance
2
Jurisdictions running on one market and reference data platform
UK and Australia, delivered on the Calypso treasury and trading platform implementation.
Client result
Relevant client experience.
Capital Markets · Regulatory Transformation
MiFID II trading controls and infrastructure across six asset classes
Leading Investment Bank · Equities, Derivatives, Commodities, FX, Credit & Rates
We helped deliver trading controls and market infrastructure change across algorithmic trading, direct electronic access, market making, clearing, surveillance and best execution.
- 80+
- Venues with market-making agreements retained
- $50bn+
- Cleared derivatives volume supported
- 4
- MiFID II RTS obligations implemented (RTS 6, 8, 27 & 28)
- 6
- Asset classes brought under MiFID II trading controls
Read the case study
Insights
Related perspectives.
Get in touch
Discuss Market, Pricing & Reference Data.
Tell us what you are working through and the expertise you need.