Market Data Management
Save over 40% on OpEx costs
Through the use of the Irion platform, we have achieved 40% cost savings to support Trading and Risk Management activities.
Domenico Scarpa
Market Data & Info Provider Management
Customer since
2020
Requirements
E2E market data supply chain management
End-to-end e web-based
A unique solution for:
Complete, fast, and secure management of market data in the Energy sector
Complete, fast, and secure management of market data in the Energy sector
Control and archiving
Across the entire process, a solution capable of ensuring:
Traceability of all operations
Data history for Internal Audit purposes
Traceability of all operations
Data history for Internal Audit purposes
Reliable and business-oriented
An automated platform to:
Integrate different systems upstream and downstream
Reduce operational risk and the risk of manual uploads
Quickly highlight missing, anomalous, and outlier quotations
Immediately report any data errors through an automatic alerting system
Integrate different systems upstream and downstream
Reduce operational risk and the risk of manual uploads
Quickly highlight missing, anomalous, and outlier quotations
Immediately report any data errors through an automatic alerting system
Timeliness
Cutting-edge technology to:
Automate all processes
Minimize time and human intervention
Automate all processes
Minimize time and human intervention
Solution
Save over 40% by improving trading on market data
Capabilities
Some of the functionalities of Irion EDM used:
Orchestration & Automation Workflow Engine
Traceability and Automatic Audit
One Click Web API
Documented Rule Engine
Human Task Interface
Monitoring & Alerting
External Command & API Call
Orchestration & Automation Workflow Engine
Traceability and Automatic Audit
One Click Web API
Documented Rule Engine
Human Task Interface
Monitoring & Alerting
External Command & API Call
Results obtained
8 Info Providers feeding data, including: Refinitiv (over 45 data sources), Bloomberg, Heren, ICE, PowerNext, Commerg, SpeedWell, and Seepex
Around 300 daily processes, including ingestion, calculations, and data distribution
2.500 Commodities ed oltre 45.000 quotazioni di mercato gestite giornalmente
7 Enel receiving systems and over 200 users enabled on the MOLE module for data search and extraction (a module designed to monitor the proper operation of both planned and manual technical processes)
20 Calendari per la gestione delle Bank Holiday dei diversi mercati
Around 300 daily processes, including ingestion, calculations, and data distribution
2.500 Commodities ed oltre 45.000 quotazioni di mercato gestite giornalmente
7 Enel receiving systems and over 200 users enabled on the MOLE module for data search and extraction (a module designed to monitor the proper operation of both planned and manual technical processes)
20 Calendari per la gestione delle Bank Holiday dei diversi mercati
Challenges
Verification, integration, and collaboration
Verification and management of the volumes in play
Receiving, verifying, and timely management of quotations
Implementation of fast and efficient filtering logic
Integrare diverse sorgenti dati e protocolli /Bucket S3, Rest API, Bloomberg API, sFTP, Share Point,…)
Quickly highlighting missing quotations or data that do not meet expectations
Implementation of fast and efficient filtering logic
Integrare diverse sorgenti dati e protocolli /Bucket S3, Rest API, Bloomberg API, sFTP, Share Point,…)
Quickly highlighting missing quotations or data that do not meet expectations
Comprehensive management of different roles
Easy access to data with advanced searches and customized extractions
Different needs for each organizational area, with the ability to share configured sets, promoting management at the team level rather than the individual user level
Centralized solution management, thus overcoming issues related to installation on individual workstations
Different needs for each organizational area, with the ability to share configured sets, promoting management at the team level rather than the individual user level
Centralized solution management, thus overcoming issues related to installation on individual workstations
Structural complexity
Replacement of the previous outdated Market Data Management application
Complex dependencies between Data Ingestion, Calculation, and Distribution processes
Complex dependencies between Data Ingestion, Calculation, and Distribution processes
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