Investment managers and service providers can become burdened with collecting and aggregating data for reconciliation, billing and other post-trade processes. Increased risk and reduced staff productivity are often associated with problems establishing and maintaining direct links with data providers.
Electra Data is a complete source for accurate, reliable data that consolidates securities, cash position and transaction information. Connecting with more than 3,300 unique data feeds from over 1,300 global financial sources, Electra Data improves data quality and access, enables easier integration with all your applications, and streamlines reconciliation and fee billing workflows.
Tailored and Validated Data – Delivered Automatically
Electra Data collects and validates a wide variety of data from your third-party providers at any frequency, regardless of format and protocol. It then consolidates, normalizes, reformats and enriches data, and delivers it automatically in a format customized to your firm’s systems specifications over a secure network.
More Efficient Investigations
We collect all the data points available from any data provider using an open format, making our dataset more robust than any SWIFT data provided through a standard message format. As a result, Electra Data saves unnecessary investigation work by eliminating the ambiguity of SWIFT 535 and 940/950 messages – even for complex asset classes such as derivatives.
Streamlined Reconciliation and Client Fee Billing
Electra Data allows you to further automate and improve your reconciliation and billing processes when used with our Electra Reconciliation and/or Electra Billing solutions by collecting information on accounts, as-of dates and audited market values – plus asset classes, if required – from your custodians or your internal accounting system.
By placing all data elements from all sources in one electronic format for automatic delivery, Electra Data ensures easier integration with all your internal applications.
Real-Time Data Insights
The Electra Data service includes the Data Dashboard, a unique, value-added online tool for viewing summary and detail status information on all your data feed files in real time – including update status, file types and sizes, accounts, date and time stamps, and more.
- Supports many data types and workflows beyond positions, transactions and cash balances
- Provides flexibility to start with any number of data suppliers and accounts
- Normalizes custodian data enabling easier integration with internal applications
- Enables users to add custom calculations
- Allows users to view summary and detail file status and other information
- Streamlines reconciliation, billing, compliance and other processes