Parsing
The Parsing service, originated from IHS Markit, helps power crucial market decisions by extracting and structuring your unstructured data across various sources. This solution meets the constantly evolving demands in the over-the-counter (OTC) financial market for coverage, research, execution, independent price verification, transaction cost analysis, risk management, audit, and back testing by combining adaptive, real-time message parsing technology with our pricing and industry knowledge.
Our dynamic service parses, stores, and delivers real-time OTC pricing content from email messages, attachments, among other sources, tailored to customers’ data requirements. The combination of software as a service (SaaS) alongside a dedicated data quality and support team ensures that customers consistently receive timely and accurate parsed data in a wide range of formats and delivery methods. Customers can easily integrate their parsed observable price data into their trading, valuation, and audit processes.
Since its launch over 15 years ago, the Parsing service now:
- Covers more than 40 fixed income and credit derivatives instrument types, including bonds, loans, CDS, indices, securitized products, and equity derivatives
- Parses 3m+ messages and 60m+ prices daily
Service Provider Information
Key Information
Use Cases
Leverage the Parsing service to support front and middle office functions:
- Front office: Trading and pre-trade idea generation, best execution, quantitative and systematic research including time series analysis, market signals and insights
- Middle office: Independent price verification (IPV), risk management, audit compliance including TCA, fair value hierarchy (leveling), consensus back testing, prudent valuations
Benefits
Gain access to:
- Real-time structured data
- Aggregated data from multiple sources
- Enriched reference data
- Price conversions
- Lower operational and data costs