An independent Aite Group research report has revealed that financial services firms must embrace an advanced data infrastructure to manage dynamic fixed income data across asset classes, instruments and regions.
The report, commissioned by Vhayu, a provider of streaming tick processing and persistence software, highlights the challenges firms now face as multiple sources generate ever more robust fixed income market data.
According to Aite, the expansion of electronic trading and diversification of fixed income products drive the need for firms to capture, store and analyze real-time and historical fixed income market data.
“As the fixed income landscape continues to evolve and expand, financial services organizations 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, ” said Sang Lee, managing partner of Aite Group. “This data can then be used to strategically uncover event based fixed income opportunities and create new strategy models.”