Cameron Systems - 1st FIX Platform Vendor in Shanghai

Finetik Partners, a Singapore-based data and content management advisory company, will launch a new service called Asian Data Content Service next Monday, Aug. 9, says managing partner Stephan Stadelmann.
The service will provide asset managers, hedge funds, brokers and vendors with market data from local Asian vendors that is customized to meet their specific requirements in terms of both content and normalization format. Finetik effectively represents the local data vendors outside of their home countries.
Users can access corporate actions, financial reporting, financial statements, end-of-day pricing, company fundamental data such as management structures and holding structures, equity data, economic indicators and indices. Japanese earnings estimates and fixed-income, commodities and derivatives data for China and Taiwan are also available.
Finetik will meet with the clients and find out what their data requirements are and in what format they would like to receive the file, and how often. This information is then passed on to the local vendors, which audit the data and then deliver a file customized to a client’s needs. The file is delivered once a day through e-mail or FTP. However, the Chinese data can also be delivered via a direct data feed from the local Chinese vendor as often as the client requires, including in real time.
So far Finetik is representing four local data vendors based in Hong Kong, China, Taiwan and Japan, respectively. Together, they cover China, Taiwan, Japan, Hong Kong, Singapore, Malaysia, South Korea, Thailand and the Philippines. However, Stadelmann declines to name the vendors.
For end users, especially asset managers that focus on a specific country, the service could offer a much more economical way of getting data from a local vendor while ensuring that the data is customized to their particular needs, says Stadelmann. He says that it can be costly to set up the infrastructure to receive data from a major vendor. The prices are quite high as well, he adds. If you only want one market it can be quite expensive.
In addition, users will receive data as reported in that particular country or normalized to their own format, which Stadelmann says is actually quite an advantage to the normalized form, which for example Bloomberg or Reuters are providing. He adds that Finetik has seen a lot of interest in the data content and data modeling areas due to Basel II.
Currently, data used by the front office, back office, research, settlement and risk management departments of the same institution can be accessed through different systems or applications within or outside of a firm. This has proven to create inconsistencies, errors, costs and risk exposure, says Stadelmann. “So we’re helping to come up with design concepts on data models and integration and migration on how you pull that altogether and influence the processes,” he says.
Finetik also offers the service to companies that want to resell or redistribute data from the local Asian vendors. The idea is that they can access the whole Asian market without needing to set up operations, which rather costly,” he says. Those companies will pay the vendors for the privilege at an agreed rate based on the usage of the data vendor.