Silver Management Group, Inc. [Products]

BPC Suite Overview

BPC Components
: Relationship Hierarchy
: Portfolio Accounting Engine
: Corporate Action Engine
: Order Management System
: Separate Accounts Module
: Market Data Interface <<
: Back-Office Interface
: Audit Engine

BPC Applications
: Client Portal
: Advisor Portal
: Operations Portal

BPC Utilities
: Universal Transaction Set
: Market Simulator
: Server Load Simulator

PRODUCTS

The Market Data Interface component solves the problem of managing multiple pricing feeds and standardizing application access across those sources, providing the following features and benefits:

monitors and maintains quote source availability
permits per-request hunt sequence definition
facilitates exchange compliance through detailed audit logging
simplifies client application development
offers server-side and client-side caching

Live pricing data is integral to many aspects of the real-time financial services enterprise, including direct quote access for trade decision support, and programmatic access for portfolio valuation, pre-trade compliance, performance posting, and analytics. Within any given enterprise it is not uncommon for equity pricing to come from one vendor while option and fixed income pricing comes from another. Nor is it uncommon for firms to deploy both delayed and real-time pricing feeds, apportioning quote data requests based on specific applications or user profiles.

The Market Data Interface component concurrently manages any number of quote data sources from any number of vendors. The Market Data Interface handles all communications set up, monitoring, and recovery tasks regardless of application layer protocols and interprets any number of proprietary streams or message formats.

Each data source is constantly monitored for availability and freshness. The Market Data Interface attempts automated recovery in the event of communication failures and can be configured to failover to alternate data sources as necessary.

Deploying the Market Data Interface against one or more quote-data sources increases request throughput, operational stability, and simplifies client application development. The Portfolio Accounting Engine and Order Management System components access pricing information through the Market Data Interface for these reasons. The Market Data Interface may be deployed in support of BPC Applications or as a standalone subsystem for enterprise-wide quote source management.