FIA Tech Partners with Symphony
Posted by Colin Lambert. Last updated: May 11, 2023
FIA Tech has unveiled a partnership with Symphony, the markets’ infrastructure and technology platform to improve data query workflows in capital markets.
FIA Tech will integrate its Databank Network into the Symphony platform through the introduction of a new FIA Tech Bot, providing access to golden source data sets including contract specifications, exchange fees, position limits, cash and collateral management data, clearinghouse calendars, and corporate actions through queries. The bot will be live from Q2, 2023.
FIA Tech’s Databank Network aims to bring together independent software vendors (ISVs), exchanges, clearing houses and other data providers into an interoperable global network simplifying the use of reference data, analytics and software solutions from participating firms. The network unifies reference data from over 80 exchanges and central counterparties (CCPs) globally, leading index providers including FTSE, MSCI, S&P and STOXX and ISVs CQG and TT.
The bot will be accessible on Symphony, allowing mutual customers to integrate the datasets into workflows and applications, accessing the data via interaction with intelligent chatbots. End-users can build and save queries against their available data sets, as well as create scheduled notifications against these and changes to underlying data sets.
In 2022 Symphony acquired Amenity Analytics, a natural language processing (NLP) data analytics solution driving actionable insights to portfolio managers, research professionals, analysts and other financial markets participants. FIA Tech and Symphony plan to integrate Amenity’s offering into the FIA Tech bot later in 2023.
“This partnership will greatly enrich the user experience for FIA Tech clients and will facilitate collaboration across our combined user base,” says Nick Solinger, president and CEO at FIA Tech.
Symphony CEO Brad Levy adds, “Symphony is currently serving more 600,000 financial professionals globally and becoming more relevant everyday as volatility increases in the market and efficient, instant communication grows in importance.”