Appsbroker launches Cloud Data platform 18 October 2018London Reporter: Maddie Saghir
Image: Shutterstock
Appsbroker, one of Google’s largest European Premier Cloud Partners, has launched Appsbroker Cloud Data, a cloud data platform that delivers market and reference data.
According to Appsbroker, the platform will offer lower costs, greater flexibility in accessing market data, and remove the dependencies on legacy market data infrastructure and proprietary distribution technology.
The first data set launched on the Cloud Data platform is an Approved Publication Arrangements (APA) Aggregator, which is designed to help firms achieve better market insights.
It also aims to help firms prove compliance with the second Markets in Financial Instruments Directive (MiFID II) requirements, such as best execution.
The APA Aggregator connects to a number of firms, which publish trade reports for post-trade transparency on behalf of market participants, according to Appsbroker.
Meanwhile, the standardised and flexible mechanisms enable the APA Aggregator to bring essential data to trading floors and to risk and compliance teams in real-time data, delayed data, and queryable historical database.
Alex Wolcough, director at Appsbroker Fintech, said: “In a post-MiFID II world, accuracy and reliability of data is core to regulatory reporting and compliance and provides increased levels of transparency in financial markets.”
“We recognise the challenges that exist around data standardisation and understand the industry frustration with the quality of APA data in the market.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Shutterstock 