​SMARTSTREAM UNVEILS LATEST API SUITE WITH COMPLETE RANGE OF REFERENCE DATA SERVICES

KUALA LUMPUR, Jan 20 -- SmartStream Technologies, the financial Reference Data Utility (RDU) solutions provider, has launched its Application Programming Interface (API) suite – for quicker access to services providing accurate data, with improved customer service, operational efficiency, greater agility and competitiveness.

According to a statement, the new fully comprehensive API service will benefit financial institutions by saving huge amounts on infrastructure costs, as well as an affordable service which is straightforward to deploy.

SmartStream RDU, Executive Vice-President, Linda Coffman said: “As APIs become essential in most banking organisations and in continuous discussion with our clients - we managed to provide them with a convenient cost-effective means of obtaining the specific data they want, with no complex time consuming and expensive technology projects, and with no master database necessary.”

Financial institutions are now realising the need for change, with many currently engaging in digital transformation projects including implementation of APIs. 

RDU services currently fall into two categories: security reference data and regulatory reference data.

Security reference data solutions available on an API basis will include a listed derivatives service, with data sourced from over 100 exchanges and comprehensive coverage for options, futures, options on futures and calendar spreads, and an equities service.

Firms can tap into the RDU’s MiFID II solution and the Systematic Internaliser Registry – the latter offering complete clarity into the systematic internaliser services available across Europe, down to the individual security level.

Created by teams of highly-skilled developers, data scientists and industry professionals, the RDU’s suite of APIs has been devised with ease of deployment and access in mind and has also been extensively tested.

-- BERNAMA