Areas of Practice

Market Data Cost Optimization & Management

 

When faced with rising costs from vendors, RP Solutions breaks down the costs in simple terms to ensure the firm understands what its paying for. Whether it be on a User, Department, Funds/Management, or Accounting Ledger code, we provide the firm a clear market data inventory representation across all of its subscribed services. RP Solutions will provide an in-depth historical review of your firm’s market data spend and present recommendations and an implementation plan to reduce costs.

We provide cost account services for those firms that don’t have adequate systems, procedures or staff in place. RP Solutions handles cost allocation and invoice reconciliation services and further provides recommendations for cost cutting.

SOFR Transition

 

As fund administrators navigate the challenges of SOFR Transition, firms need an experienced professional to ensure their valuation and curve construction methodologies are up to date. LIBOR’s disappearance will majorly impact your firm’s portfolio make-up and valuations. RP Solutions ensures your firm’s valuation systems support the ongoing changes and conducts a full portfolio impact analysis to ensure transition plans are documented.

Valuation Control & Market Data Implementation

 

For financial institutions that have problems reconciling against their fund administrations, RP Solutions provides an in depth review of your firm’s entire holdings, and on a per risk issuer level to ensure valuations are correct.

We also provide onboarding services to integrate your firm’s valuation system with its respective market data feed to ensure timely updates to valuations.

Contractual Renegotiations & Savings Opportunities

 

For firms whose vendors are over-charging, RP Solutions has had the experience of engaging top leadership at data providers and renegotiating terms for reduced prices for services. We provide full commercial review of contracts and help your firm with monitoring when they are up for renewal to ensure maximized value of your services.

Technical Product Design Implementation

 

RP Solutions provides the ability to communicate business requirements into actionable technical designs. We create synergy between your firm’s Product and Development teams to help implement your data product release and provide the necessary management to see through the project’s completion.

Market Data Strategy & Product Onboarding

 

RP Solutions has the ability to work with market data vendors and your firm to identify and optimize the products that best fit your firm’s needs. We liaison with your firm’s data systems and partners to ensure their integration of your firm’s data products are successful.

MIFID II - Regulatory Reporting

 

With the challenges of BREXIT and the needs to ensure accurate trade reporting for EU based firms, MIFID II bears a challenge for firms big and small. RP Solutions has had the experience of full end to end implementation of trade reporting. Key stages along the way include:

  • OTC ISIN Enrichment / ANNA DSB Business Logic

  • Automated Data Validations

  • Reference Data Checks

  • ESMA FIRDS / UK FIRDS Validations

  • Commercial Contract Review

  • Technical Reporting Field Review

  • Compliance Field Review

  • RTS 28 (Best Execution - Annual Reporting)