Electra Data

Data Aggregation Service

Data collection and aggregation is often an overlooked component of reconciliation, billing and other post-trade processes. Investment managers and service providers can become burdened with establishing and maintaining direct links with their providers of data on their own, which can increase risk, reduce staff productivity, and erode client service levels – especially as business complexity and volumes increase.

Electra Data is a complete source for accurate, reliable data that consolidates securities, cash position and transaction information for buy-side firms and service providers alike. It connects with more than 3,300 unique data feeds from over 1,300 global custodians, prime brokers, broker/dealers, subadvisors, counterparties and other financial institutions.

As an automated, high-quality data acquisition and delivery service, Electra Data helps buy-side firms save time, money and risk by eliminating manual processes and delays, format changes, website updates, password expiration and other issues associated with data acquisition. It supports reconciliation, NAV, fund accounting, performance, compliance, client fee billing – and many more processes and workflows.

This unique service collects and validates a wide variety of data from each firm’s third-party providers at any frequency, regardless of format and protocol. Electra Data also saves investigation time and effort by providing descriptions and details that are typically missing from beyond SWIFT/ISITC reconciliation messages – even for complex asset classes such as derivatives. The Electra Data service includes an online dashboard tool for viewing summary and detail status information on all your data feed files – including update status, file types and sizes, accounts, date and time stamps, and more.

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Pricing structure
• Volume-based
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reconciliation data, data acquisition, data aggregation, data normalization, data enrichment, custodian data, buy side