Exchange-traded derivatives technology provider FIA Tech has partnered with market infrastructure and technology firm Symphony, integrating its Databank Network into the Symphony platform.
Using a FIA Tech Bot, the partnership will grant users access to golden source data sets such as contract specifications, exchange fees and position limits. The service will be live from Q2 2023.
Mutual clients of FIA Tech and Symphony will be able to access these datasets via chatbots, integrating them into workflows and applications.
The companies aim to improve data query workflows in capital markets, allowing scheduled notifications to be created against end-users’ available data sets and for changes to underlying datasets. Queries against available data sets can be built and saved on the platform.
The Databank Network offers a global network of independent software vendors, exchanges, clearing houses and data providers. It aims to simplify reference data, unifying it from numerous sources, and provides a shared platform for participating firms’ analytics and software solutions.
The companies plan to integrate natural language processing data analytics solution Amenity Analytics into the bot later this year, following Symphony’s acquisition of the service in 2022.
Brad Levy, CEO of Symphony, says: “We are excited to have FIA Tech on Symphony to serve such a relevant community within financial services. Symphony is currently serving more 600,000 financial professionals globally and becoming more relevant every day as volatility increases in the market and efficient, instant communication grows in importance.”
