MarketStream uses Straight Through Processing (STP) to reduce the risk of errors, double capture & lengthy reporting.
1. Data is extracted from the source system.
2. The data is processed in MarketStream
- The data is validated
- The system determines how to handle the data
- Enriched (e.g. performing translations, mappings, lookups, fetching of additional content, and other manipulation of data as relevant),
- The data is transformed into the exchange format
3. The data is submitted to the exchange
4. The data is reconciled
5. The data is updated into the source system