Electronic & Algorithmic Trading
Electronic execution depends on the stack behind the order: OMS, EMS, routing, market access, venue connectivity and algo controls.
Markets & Trading
Market, Pricing & Reference Data
Prices, curves, instruments and identifiers, mastered once and distributed to every platform that uses them.
Overview
A missing identifier, stale price, broken curve or uncontrolled vendor feed rarely surfaces where it starts. It shows up later as a valuation break, risk query, settlement fail or reporting exception.
Capmark helps banks, asset managers and treasury functions build the market, pricing and reference-data foundations their platforms depend on. We define golden sources, ownership, lineage, controls and exception handling so trading, risk, finance and operations work from data they can trust.
Our experience comes from delivering trading platforms, treasury transformation and reporting programmes where data quality had to be fixed for the change to work. Engagements range from data-flow and breaks assessment to staged delivery of golden sources and controls into consuming platforms.
What we do
We source vendor feeds, real-time and end-of-day prices, curves and marks once, validate them at entry and distribute them to the systems that need them. Each price carries visible derivation, so front office, risk and finance work from the same numbers.
We align instrument, identifier, counterparty, venue and calendar data across front office, operations, risk and finance. When a settlement fail or reporting break traces back to a bad record, we fix it at source rather than patching every consuming system.
We define the golden source, ownership model, lineage and exception queues needed to keep critical data controlled. Controls are designed for daily operation, then delivered into platforms in stages and proven before the next stage moves.
We build an inventory of feeds, entitlements, usage and consuming systems. This supports licence negotiations, identifies redundant feeds and helps market-data spend reflect what the business actually uses.
What to expect
A Senior Practitioner leads from day one. The first weeks map today’s market and reference-data flows: sources, vendors, identifiers, transformations, controls and consuming platforms.
We then quantify where data breaks, agree golden sources and ownership with the teams that will run them, and deliver lineage, validation and exception handling into the consuming platforms.
Engagements range from current-state assessment and target design to staged delivery of golden sources, controls and data remediation.
Sequenced through a current-state data assessment and target design, then delivery into the consuming platforms.
01
Assess
Establish the current state, the constraints, the risks and the value at stake.
02
Define
Shape the target model and the business case with the executives who own the outcome.
03
Mobilise
Stand up the team, the plan and the governance around the outcome.
04
Implement
Design, build and test the change, with the business alongside.
05
Sustain
Cutover, hypercare and handover, so the business runs it under its own control.
The same five stages on every engagement, led by senior practitioners end to end. How we work
Impact
50+
Systems, platforms and venue integrations delivered
Market, pricing and reference data aligned across trading, operations, risk and finance
2
Jurisdictions running on one market and reference data platform
UK and Australia, delivered on the Calypso treasury and trading platform implementation.
Client result
Proven in the work, not the pitch.
Capital Markets · Regulatory Transformation
MiFID II trading controls and infrastructure across six asset classes
Leading Investment Bank · Equities, Derivatives, Commodities, FX, Credit & Rates
We helped deliver trading controls and market infrastructure change across algorithmic trading, direct electronic access, market making, clearing, surveillance and best execution.
- 80+
- Venues retained
- $50bn+
- Cleared derivatives volume
- Lower
- Compliance overhead
- Reduced
- Surveillance false positives
Read the case study
Insights
Related thinking.
Get in touch
Talk to a Partner about Market, Pricing & Reference Data.
Tell us what needs to change and where the pressure or risk is showing.