FADE is BST’s new product/service built out of a request from one of our clients to assist them in automating the Data Access Declaration process for their firm. The client currently requires that 55 Data Access Declarations are generated and uploaded to the various exchanges/entities that require these reports. The process is tedious and time-consuming. BST via our partner, BST AG and their FinOffice system created the templates required to generate these reports from the raw data within DACS and the MDM inventory systems. Reports are run in accordance with the timescales required by the exchange/entity. Currently, the upload process is still manual, however we are in the process of automating that portion of the solution on a case-by-case basis. FADE is now available to the marketplace.
Financial Access Declaration Exchange (FADE)
BST is now offering its Financial Access Declaration Exchange (FADE) as a new service that automates the reporting and uploading of Data Access Declarations. FADE will significantly reduce the time spent by market data administrators, leaving them available to handle more pressing and strategic requirements. Reach out to us for a demonstration of this innovative new service.
CLIENT DOES NOT HAVE AN MD INVENTORY SYSTEM
BST can collect the data, create the required reports and upload the declarations to the required exchanges.
CLIENT HAS AN MD INVENTORY SYSTEM
BST will receive a file from the client (either via FTP or API access) that contains the raw exchange data usage. We will create a report per exchange in the required format and upload the data directly to the exchanges’ portals according to the timeframe as directed by each exchange.
ANNOUNCEMENT
We are proud to announce that FADE has its first global client, a mid-tier Japanese bank. FADE will report on 40 Exchanges to start with expanding requirements over time. Implementation is beginning now and go-live is planned for second quarter 2022. We are excited to be partnering with our long-term client on this new venture.
Case Study
