FIA Tech partners with Symphony to enhance capital markets data workflows

The firm’s Databank Network will integrate into the Symphony platform through a new FIA Tech Bot - due to go live in Q2 - providing improved access to data sets.

Technology provider FIA Tech is partnering with markets’ infrastructure and technology platform Symphony to enhance data query workflows in capital markets.

FIA Tech’s Databank Network will integrate into the Symphony platform via the introduction of a new FIA Tech Bot, which will provide access to data sets including contract specifications, exchange fees, position limits, cash and collateral management data, clearinghouse calendars and corporate actions through queries. The new bot will go live in Q2 of this year.

The Databank Network aims to bring together data providers including independent software vendors (ISVs), exchanges and clearing houses into an interoperable global network to simplify the use of reference data, analytics and software solutions from participating firms.

Reference data is unified by the network from more than 80 exchanges and central counterparties globally, index providers and ISVs.

Symphony will provide access to the new bot, enabling mutual customers to integrate the datasets into workflows and applications, alongside providing access to the data via interaction with chatbots.

End-users will be able to build and save queries against their available data sets, create scheduled notifications against these and make changes to underlying data sets.

“This partnership will greatly enrich the user experience for FIA Tech clients and will facilitate collaboration across our combined user base. We are pleased to be working with Symphony removing hurdles inside and between institutions,” said Nick Solinger, president and chief executive of FIA Tech.

Natural language processing data analytics solution Amenity Analytics – which was acquired by Symphony last year – provides actionable insights to portfolio managers, research professionals, analysts and other financial markets participants. FIA Tech and Symphony announced that they plan to integrate Amenity Analytics’ offering into the FIA Tech bot later this year.

“We are excited to have FIA Tech on Symphony to serve such a relevant community within financial services,” said Brad Levy, chief executive of Symphony.

“Symphony is currently serving more 600,000 financial professionals globally and becoming more relevant everyday as volatility increases in the market and efficient, instant communication grows in importance.”