Financial data processor

Background

Financial Data Processors is the next layer in the service chain between users of financial data and Financial data vendors. Most data is now delivered as bits and bytes and not in a physical format. Data is fed through web pages and as "Raw" data files. Files are either processed by banks, or by third party companies - Financial data processors who provide additional added value to those companies who choose to use them.

Services Offered

Pricing Validation.
Counterparty Price Collection & Validation.
Corporate Actions/Dividends Validation.

Added Value

Reduction of operational risk.
Validation of hard to price instruments.
Less chance of a breach of Service Level Agreements.
Clearly defined audit trail.

Global Nature

The flags shown here show the home market of some Financial Data Processors

 : Essex radez [1], FinancialContent [2]
 : Valuelink [3]

References

There are a multitude of references to this industry. Below are some industry associations and below that the most extensive reference, the companies' own websites.

Software and Information Industry Association, Financial Information Services Division [4]
Inside Market Data Reference [5]
Bobsguide [6]

Companies' Own Websites

Essex Radez [7]
Valuelink [8]
Financial Content http://www.financialcontent.com]