industry, today announces major enhancements to its data flow offer, marketed under the name of Ubitrade Data Services (UDS), and which combines a settlement data service and a contract data service.
Ubitrade Data Services includes:
- UDS / SD (standing for Settlement Data), which automatically downloads clearing data for more than fifty futures and / or options markets
- UDS / CD (standing for Contract Data), which automatically creates any new contract in Ubix' referential (Ubix is Ubitrade's derivative clearing and settlement system), on a daily basis. UDS/CD includes all contract-related information, including the maturity rules.
Mr. Laurent Jacquemin, Head of Client Services, Ubitrade, commented: "We developed this new service to help our clients face the increasing number of new contracts launched by derivative markets, which complicates the maintenance of the back-office derivative software's contract database.
More efficiency and less operational risk are only a part of the benefits our clients may draw from this data-processing centralization. In this way, they can dedicate themselves to tasks with higher added-value."
