How to verify your proprietary market data
A guide for advanced market data monitoring pt. 3
The first two instalments of our series take you through how to build trust in your market feed providers and compare performance to inform source optimizations. In this final part, we look at how to gain visibility of your own data quality and contribution latency.
This is an integral aspect of advanced market data monitoring, as most financial organizations calculate their own data and seek to understand how they can improve their internal process to maximize data quality.
ITRS Geneos Market Data Monitoring (MDM) gathers all the key performance metrics you need to achieve this and maintain control over the data used in your trading IT ecosystem.
Determining contribution latency
The performance of your network, infrastructure, and middleware influences your contribution latency. Geneos MDM collects the relevant metrics from your trading IT ecosystem in real time without impacting its performance and calculates the time needed to receive, normalize, enrich, package, republish, and consume data again.
It gives you a breakdown of your contribution latency for multiple market feeds and you can automate alerts if this latency causes you to break your acceptable thresholds. As such, you’re able to see how any changes you make influence your overall turnaround time.
With Geneos MDM, you can consolidate the raw latency of your feeds, instruments, and exchanges across regional markets and visualize this alongside your contribution latency in a single pane of glass. This simplifies your market data monitoring and delivers insight into the movement of individual markets.
Gaining insight into data quality
While maintaining acceptable latency is a core factor in safeguarding data quality, Geneos MDM can also uncover missing data fields and mathematical anomalies that indicate quality issues. It can overlay statistical measures to evaluate quality against a range of factors.
For example, it lets you identify when bids are greater than asks, one-sided bids, high and low bid prices, and high and low liquidity sizes. With this capability, you can set up real-time alerts for cross spreads, wide spreads, and unusual price movements, which enables you to diagnose and remediate feed events.
Geneos MDM offers robust-real time capabilities that help you protect market data quality from internal and external sources. This is vital for making the most of market opportunities and maintain your competitive advantage.
Tune in to our webinar on mastering market data to see Geneos MDM in action.