Waters Rankings 2023: Best managed data service provider—SmartStream
Product/service: SmartStream Reference Data Services
Overview
SmartStream’s Reference Data Services offering features a data management outsourcing service, tailored to clients’ individual requirements, designed to lower costs, improve data quality, and facilitate positive revenue generation. The service allows data, policies, and procedures to be managed using firms’ own proprietary rules. Clients can mix and match data outsourcing services with off-the-shelf reference data products, creating a hybrid model.
“SmartStream is committed to delivering exceptional service to clients. The data management outsourcing service utilizes specialist subject matter and data quality experts without any additional charges. By leveraging experienced industry practitioners, SmartStream’s Reference Data Services provides the same level of quality and control typically achieved with a large internal team, helping financial institutions reduce overall costs. Moreover, clients have the option to leverage the security master and regulatory datasets, further reducing indirect costs.”
Linda Coffman, executive vice president, SmartStream
The solution
SmartStream Reference Data Services offering simplifies data by providing a platform/service and a team of data experts available round the clock. They provide the necessary data for users’ security master before the trading day begins, eliminating the need for data loaders, aggregation rules, and constant monitoring of vendor or exchange-feed changes. The service crosses asset classes for both regulatory and security master datasets.
Secret sauce
The data API suite, based on Rest technology, provides access to data, enabling enhanced customer service, operational efficiency, and increased competitiveness. With its high-quality reference data, it integrates with the investment industry, from retail to enterprise, eliminating obstacles in obtaining normalized, cleansed, and accurate data. This facilitates the implementation of new algorithms, client strategies, and ultimately, revenue growth.
Recent milestones
SmartStream’s Reference Data management outsourcing services provide full-spectrum coverage of reference data, validated by the firm’s Reference Data Utility subject matter experts, supporting compliance with regulatory mandates such as Mifid II and the UK’s Securities Financing Transactions Regulation (SFTR).
Future objectives
SmartStream offers financial institutions the opportunity to outsource data management complexities to a specialist provider. By utilizing SmartStream’s expertise and technology, clients can streamline operations, cut costs, and enhance data quality. Reference Data Services will continue to expand its data coverage across various asset classes, delivering a standardized dataset for clients’ regulatory and security master requirements.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Asia Awards 2024: Best transaction-cost analysis (TCA) solution—big xyt
Product: Open TCA
Asia Awards 2024: Best middle-office platform—EquiLend
Product: EquiLend Spire
Women in Technology & Data Awards 2024 winner's interview: Joanna Davies (OSTTRA)
OSTTRA's Joanna Davies won the vendor professional of the year (data and operations) category in this year’s Women’s awards.
WatersTechnology Asia Awards 2024: All the winners and why they won
Here are the vendor and end-user winners of the 34 categories that make up the 5th annual WatersTechnology Asia Awards, announced on June 20.
Asia Awards 2024: Best analytics solution—oneZero
Product: oneZero Data Source
Asia Awards 2024: Best alternative data provider—RavenPack
Product: RavenPack Factor Library