Banque Privée Edmond de Rothschild and IPS - SIX · Banque Privée Edmond de Rothschild and IPS...
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Banque Privée Edmond de Rothschild and IPS Timed to global exchange closures. Historic origins Banque Privée Edmond de Rothschild is one of the world largest independent financial advisory groups. With over 1,700 employees worldwide, spread over 40 countries such as Beijing, Dubai, London, Paris and New York. In Geneva, Banque Privée Edmond de Rothschild is one of the largest private banks focus- ing on private banking, wealth engineering and invest- ment research. The bank pays close attention to the performance of their structured products, funds and portfolio management, always tailoring their services to clients needs. Hunting for flexible intraday pricing Banque Privée Edmond de Rothschild aimed to reduce their costly and time consuming process of obtaining end-of-day prices and looked to get automated real- time prices more efficiently. The ultimate goal was to close customers’ deposits immediately after the market closure, especially for customers’ deposits for Asian entities and Asian clients, where delays were up to 2 days. Banque Privée Edmond de Rothschild was shopping for an efficient and flexible solution, but most of all it had to be reliable. Another important criteria was that the bank wanted to diversify the sources, in that they did not want to rely on a single data flow or form of technology. Since Banque Privée Edmond de Rothschild, has been a satisfied customer of SIX Financial Information Valordata Feed (VDF) for many years, it was a natural choice to consider existing SIX Financial Information products. As Marc-Henri Balma, Director Securities & Cash Administration at Banque Privée Edmond de Rothschild states, “Partnering with SIX Financial Infor- mation was our preferred choice for this project. Since we already receive a vast amount of high-quality data from VDF, it made sense to exploit the synergies to be able to achieve our goals in time and within budget.” A stand-out service SIX Financial Information’s IPS combines a world class securities database with a flexible delivery system for superior asset servicing and portfolio valuation. SIX Financial Information showcased how IPS delivers precise snapshots in a single, consistent format timed to client specifications. Additionally, the two flows, VDF and IPS, speak the same language, making them easy to integrate but use two different technologies. Thus fulfilling the source diversification requirement set by Banque Privée Edmond de Rothschild. In the event of IPS ex- periencing technical problems, this will not affect the VDF flow, which works using a different technology and environment. Banque Privée Edmond de Rothschild is capitalizing on the flexibility and timeliness of SIX Financial Information’s Intraday Pricing Service (IPS). With this fast, efficient and flexible service, the client chooses to time its pricing snapshots to specific exchange closures across global time zones.
Transcript of Banque Privée Edmond de Rothschild and IPS - SIX · Banque Privée Edmond de Rothschild and IPS...
Banque Privée Edmond de Rothschild and IPSTimed to global exchange closures.
Historic originsBanque Privée Edmond de Rothschild is one of the world largest independent financial advisory groups. With over 1,700 employees worldwide, spread over 40 countries such as Beijing, Dubai, London, Paris and New York. In Geneva, Banque Privée Edmond de Rothschild is one of the largest private banks focus-ing on private banking, wealth engineering and invest-ment research. The bank pays close attention to the performance of their structured products, funds and portfolio management, always tailoring their services to clients needs.
Hunting for flexible intraday pricingBanque Privée Edmond de Rothschild aimed to reduce their costly and time consuming process of obtaining end-of-day prices and looked to get automated real-time prices more efficiently. The ultimate goal was to close customers’ deposits immediately after the market closure, especially for customers’ deposits for Asian entities and Asian clients, where delays were up to 2 days.
Banque Privée Edmond de Rothschild was shopping for an efficient and flexible solution, but most of all it had to be reliable. Another important criteria was that the bank wanted to diversify the sources, in that they did not want to rely on a single data flow or form of technology.
Since Banque Privée Edmond de Rothschild, has been a satisfied customer of SIX Financial Information Valordata Feed (VDF) for many years, it was a natural choice to consider existing SIX Financial Information products. As Marc-Henri Balma, Director Securities & Cash Administration at Banque Privée Edmond de Rothschild states, “Partnering with SIX Financial Infor-mation was our preferred choice for this project. Since we already receive a vast amount of high-quality data from VDF, it made sense to exploit the synergies to be able to achieve our goals in time and within budget.”
A stand-out serviceSIX Financial Information’s IPS combines a world class securities database with a flexible delivery system for superior asset servicing and portfolio valuation. SIX Financial Information showcased how IPS delivers precise snapshots in a single, consistent format timed to client specifications.
Additionally, the two flows, VDF and IPS, speak the same language, making them easy to integrate but use two different technologies. Thus fulfilling the source diversification requirement set by Banque Privée Edmond de Rothschild. In the event of IPS ex-periencing technical problems, this will not affect the VDF flow, which works using a different technology and environment.
Banque Privée Edmond de Rothschild is capitalizing on the flexibility and timeliness of SIX Financial Information’s Intraday Pricing Service (IPS). With this fast, efficient and flexible service, the client chooses to time its pricing snapshots to specific exchange closures across global time zones.
In an unanimous decision, the management of Banque Privée Edmond de Rothschild chose to move forward with IPS. However, prior to fully committing to the service, testing was required to ensure data reliability and timeliness. “We quickly realized that the Intraday Pricing Service was the one solution that fulfilled all of our business and technical requirements,” reflects Marc-Henri Balma.
Flawless implementationBanque Privée Edmond de Rothschild Geneva’s finan-cial data warehousing and data management solutions provider, DERAM S.A., worked side-by-side with SIX Financial Information to test and implement the new service. DERAM’s extensive experience with multi-flows enabled them to see the advantages of an in-traday flow for obtaining the latest prices. With IPS, updating can be managed easily, even in different geographic zones.
The objective of the IPS testing, was to ensure that implementation of the service was up to par with the client expectation. The entire testing period lasted about 1 month, and DERAM was able to retrieve re-liable statistics on the quality and robustness of the implementation.
Each day of the testing phase, DERAM drew up statis-tics on approximately 30,000 instruments. The results were in line with DERAM’s expectations and those of Banque Privée Edmond de Rothschild. The IPS prices that differ from VDF concern only 1.6 per thousand on average of the 30,000 prices – marking it a remark-able result.
“The quality, robustness and timeliness of the IPS data is excellent. Furthermore, the entire implementation process was on time and worked seamlessly,” reaf-firms Tony Zanetti, CEO of DERAM S.A.
Profiting from real-time pricesSince the implementation phase was finished in the fall of 2012, Banque Privée Edmond de Rothschild has been benefiting from the latest pricing data, in the for-mat that best suits their needs. “IPS has enabled us to save a significant amount of time by being able to automatically retrieve the pricing data when and how we need it, which enables us to give even more focus on our clients,” comments Marc-Henri Balma.
As a result of the complexities associated with differ-ent time zones and exchange closures, the timeliness of IPS enables the bank to meet the needs of the vari-ous entities on other continents which experienced significant delays such as the Americas and Asia. IPS allows Banque Privée Edmond de Rothschild to close their deposits at the closing of each market, which significantly reduces the processing time and power utilized by local IT infrastructure.
For more information, please contact your local SIX Financial Information office and a representative will be happy to assist you.
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SIX Financial Information Hardturmstrasse 201 8021 Zurich SwitzerlandT +41 58 399 5111
IPS benefits at a glance:– Unlimited daily price, index and currency
snapshots from an extensive global database updated 24 / 7.
– Multiple delivery formats with flexible choice of delivery frequency and selection of price types.
– Consistent format ensures high quality data and supports regulatory compliance.
– Customized price data delivered at exact times.
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Stock Exchange Closing Time / IPS Time (Local time) IPS provides snapshots within a close range of the local stock exchange closing time.
