Financial services companies must embrace an advanced data infrastructure to manage fixed income data across asset classes, instruments and regions, says a new report from research and consulting firm Aite. The report was commissioned by software vendor Vhayu.
Aite says the report highlight the challenges firms now face as multiple sources generate ever more robust fixed income market data.
Aite believes the expansion of electronic trading and diversification of fixed income products are driving the need for firms to capture, store and analyse real-time and historical fixed income market data.
It adds that market participants must be able to access and store a wide variety of market, reference and pricing data to gain an accurate view of the fixed income trading landscape. By deploying a solution that provides this type of comprehensive view of data, Aite believes firms will have the ability to customise and perform advanced analytics and intelligently publish the results to trading applications.
"As the fixed income landscape continues to evolve and expand, financial services organisations will need to employ a single platform that can properly map data from disparate sources, capture the data in real-time and provide access to historical data for testing and inclusion in strategy trading, " says Sang Lee, managing partner, Aite Group. "This data can then be used to strategically uncover event based fixed income opportunities and create new strategy models."