A real-life example of this was when MUSI wanted to maintain continuous two-way (bid & ask) prices in-house. These were derived from broker prices however which regularly showed either a single price (just bid or ask) or even no price at all. Using the calculation engine capabilities of Gissing ConteX 4, i.e. the derived data and validation modules, MUSI was able to recalculate a Bid-Ask spread whenever both Bid and Ask broker prices were available, and to use this Bid-Ask spread to recalculate the missing price when only one of Bid or Ask was available. When both were missing, the last derived Bid and Ask prices were returned. A valid outcome to calculations was therefore guaranteed as all source prices were first validated and rejected if found to not be numeric.
Paul Watmough, Global Head of Contributions Technology Sales, Thomson Reuters (Gissing) said, âWe are delighted MUSI is taking full advantage of the enhanced calculation engine capabilities of Gissing ConteX for their specific business requirements. We have delivered functionality that is highly relevant to our investment banking client base as MUSI has successfully demonstrated. We are seeing increased demand for such capabilities and are committed to continue to evolve Gissing ConteX based on MUSI's and other customer requirements."
Gissing ConteX is the worldâs most widely used real-time multi-vendor contribution system and is in use in over 60 customer sites worldwide.
About Mitsubishi UFJ Securities International plc
Mitsubishi UFJ Securities International plc is the European hub of the global securities and investment banking business of Mitsubishi UFJ Securities and is part of the Mitsubishi UFJ Financial Group, one of the worldâs largest financial institutions. About Gissing Software
Gissing Software (a Thomson Reuters company), is the leading provider of multi-vendor contribution solutions for the internal and external dissemination of data regardless of asset class, source and destination.