Moneyline Telerate and PaceMetrics have allied to deliver a new product for reference data management and exceptions processing.
The new product, STB Hub, combines the exception detection and resolution capabilities of PaceMetrics software with the database and neutral content integration expertise of Moneyline Telerate's Market Information Server (MIS). The two companies say they will jointly market and share revenues on the sale of the Hub and associated services to financial market clients.
By detecting exceptions in real time during the transaction lifecycle, the STP Hub can manage exceptions through resolution while simultaneously enriching the underlying reference data says Ian Hillier-Brook, Director MIS Moneyline Telerate.
"We will be able to deliver quality reference and transactional data to the centre of our clients STP efforts," he says.