In today’s financial markets, the most important factors to stay competitive for financial institutions are speed and time. To do so, you need to act quickly in the market. Automating rate calculations and distribution processes help you save time and money.
Rate Distribution Engine integrates real-time rates captured from Refinitiv, Bloomberg, 360T, and/or other data sources to target systems of financial institutions in specified intervals & formats, and automates the rate publishing processes.
KEY FEATURES & BENEFITS
Simultaneous Multi-Vendor Support
Rate Distribution Engine can integrate real-time rates from any platform (ex: Refinitiv, Bloomberg, 360T) to any target system simultaneously.
Data Cleansing
Detects corrupt or inaccurate data received from a data source and deletes the dirty data.
Approval Workflows
Maker-Checker tasks that require an approval flow are sent to the task repository, and users can approve changes within algorithms or rates.
Anomaly Detection
Tolerance rules define an acceptable limit or threshold for FX rates to prevent false rate publishing.
Control of exchange rate publishing is ensured by the system.
Rate Definition & Advanced Formula Support
Users can apply advanced formulas to publish customized rates.
Real-time Simulation
Custom formulas can be tested and validated with real-time market data
Manual/Automatic Rate Publishing
Rates can be edited. Recalculated rates can be displayed and published manually or automatically at the desired interval and frequency.
Segmentation
Users can create custom segments and channel definitions.
Quotation matrices can be defined to apply different Bid & Ask margin values for selected segments, channels, rate set, and currency pairs.
Real-time Monitoring
The status of Rate Distribution Engine can be monitored with real-time dashboards.
Email Notifications
Users are notified via email during the rate publishing process.
Reporting
Definitions made on Rate Distribution Engine and rates transmitted to the target environments can be displayed through the reporting interface.
Platform & Data Vendor Independent Solutions
Works on any operating system and with any data vendor of your choice.
Logging & Advanced Error Handling
In case any error occurs while receiving market data or transmitting them to target systems, RDE logs errors in details, retries performing failed operation to solve the error, and notifies users via email.
VERSIONS
- Enables real-time or asynchronous data integration between single data vendor and target systems.
- Enables real-time or asynchronous data integration between multiple data vendors and target systems.