Dion Global Solutions, technology partner to the financial services industry, has expanded its market data product portfolio by launching Market Data Centre (MDC), a multi-asset market data aggregation and validation engine.
Organizations using MDC benefit from the reduced risk and increased competitiveness that result from the use of a common set of quality controlled market data.
MDC allows users to manage market data for any asset class from multiple sources. Each of the feeds is validated and can be blended to form a core corporate rate for seamless distribution into any downstream application such as a pricing or trading engine.
Andreas Wagner, Managing Director at Dion GMBH, commented: "Building on our success in the delivery of pricing and valuation systems, MDC gives companies access to accurate and consistent market data across the organization. The improvement in price generation that this delivers is a major factor in firms' revenue growth."
Market Data Centre is based on Dion´s proven I-Pricer, which is used by a variety of financial institutions, derivatives houses, German public banks such as Landesbank Berlin, Landesbank Bayern and BHF Bank and UK based spread betting and CFD companies for real-time price calculation across multiple asset classes.