Telekurs Financial and CSK Software have developed a solution to enable banks, fund managers and broker-dealers to integrate the Valordata Feed (VDF) reference data feed into their internal processing machinery.
VDF is one of the most popular sources of master and event data, as well as market process. The CSK solution imports the VDF messages and automatically adapts them to a financial institution’s particular systems using standard interfaces for all current financial software solutions. The solution is based on X-Gen, CSK’s business automation and integration software.
“Our partnership with CSK allows us to boost the value of our VDF service,” explains Karl Landolt, member of Telekurs Financial’s executive managements. “In short, we supply the data and CSK handles the integration and automation.”
VDF is based on a data model with around 1,500 data fields, capable of mapping even complex securities such as basket warrants. When the CSK solution imports the VDF information, it abstracts the VDF syntax and presents the content of the message in a neutral meta-format. The content can then be represented and processed using a custom graphic user interface.
As a result, says CS, specialist staff are able to define and automate VDF-based business processes using graphic symbols. For example, if an institution receives an order for securities, but doesn’t have the relevant master data, the CSK solution automatically triggers a request to Telekurs Financials and integrates the data set in question into the appropriate database.
Similarly, if VDF reports a corporate action, e.g. share splitting, the software automatically arranges for the respective securities clients to be informed immediately. This ensures that the financial institution meets the obligation to inform its clients, so safeguarding it from any claim for damages.