Frankfurt and London, 6 July 2020 – d-fine, a leading European consulting firm, and Alveo, the market leader in financial data management, have launched initiatives to integrate d-fine’s quantitative analytics (quant) capabilities with Alveo’s new market data warehouse. The initiatives will enable business users to derive greater insight and value from their market data, while also achieving operational efficiencies from enhanced data management and mastering processes.
Alveo’s market data warehouse enables clients to set up a two-stage data management process that provides business users with full access to prepared data while running a separate production mastering process that is unaffected by business user requests.
This is complemented by d-fine’s deep understanding of business, quantitative modeling, and firm-wide IT infrastructures to create modern market data infrastructures for clients that combine market-leading data management technology with powerful data access and analytics for business users. This capability is exemplified by advanced curve and vol cube building capabilities, powered by d-fine’s pricing library MoCo, which facilitates a deeper integration of valuation and market data functions.
The new initiative comes at a time when the financial services industry is continuing to evolve its requirements for market data sourcing, mastering, and creation of analytics. Two major trends are driving this. Business users have growing requirements for high-quality market data combined with precise and extensive meta-data for data-driven financial modeling in pricing, hedging, market analysis, risk, and finance. In parallel, regulators and auditors increasingly scrutinize data preparation processes, data lineage, and governance. Both trends are against an industry backdrop of reducing costs, increasing operational effectiveness, and improving service levels.
Dr. Hans Peter Wächter, Partner, d-fine GmbH, said: “We are delighted to have found in Alveo a partner whose visionary approach to financial market data parallels our own. Moving forwards, we will continue to continuously invest in our staff members and in-house infrastructure to provide optimal solutions for our clients – from adding bespoke services to implementing, migrating and upgrading Alveo’s solutions.”
Neil Sandle, Head of Product Management, Alveo, said: “d-fine’s expertise in financial analytics and business expertise complements Alveo’s financial data management and analytic capabilities. These include our Ops360 end-to-end mastering platform, data lineage to enable traceability of market data and Alpha, our market data warehouse solution, to provide analytics and derived pricing capabilities.”
About d-fine GmbH
d-fine is a major European consulting firm with leading experience in all quantitative, analytical, and technological challenges in the financial industry and beyond. Our almost 1.000 employees combine a strong quantitative and technical background (mostly from mathematics, physics, and computer science) with hands-on industry experience to provide the most value in our clients’ projects.
In the area of financial market data, d-fine serves as an independent partner to the industry offering the full-service spectrum: from business-related questions concerning selection/quality of market data and design of market-data driven financial models over the design and implementation of state-of-the-art infrastructures to governance and cost optimization topics. For more information, please visit www.d-fine.com
Alveo is the market leader in data quality software solutions for financial data. Focused on business user enablement, we help clients simplify complexity and ensure users across the buy and sell-side make the most of their data assets by providing easy data integration, data cleansing, distribution, and data discovery solutions.
We service a blue-chip client base globally and our award-winning solutions provide rigorous processes to secure high-quality data, easy integration into business user workflows, and a trusted environment for advanced analytics. Delivered through managed services, cloud or on-premise deployment, our highly scalable products help the world’s most successful financial institutions meet their risk management, valuation, security master, and operational needs with mission-critical reliability.
Alveo recently launched its Ops360 data workflow solution that offers users end to end control on their financial data management process for sourcing, mastering, governing, investigating, and exploring their financial instrument data. It is part of a product rollout that incorporates a range of new open source technologies into the Alveo platform. For more information, please visit www.alveotech.com