Xenomorph Price Master

Accurate pricing information is critical to all capital markets operations, from trading and investment, through to treasury, risk management and back office processing. Firms are also facing a range of challenges including: increasing volumes of data, complexity of pricing illiquid and complex instruments, and data lineage and audit requirements to comply with their internal and external reporting obligations.

Xenomorph Price Master provides an end-to-end data management solution for all pricing and valuation requirements. Its functionality covers proxy management, model integration, back-testing and validation, through to independent price verification (IPV), xVA and prudent valuation.

Benefits of the system include:

• Fully automated and highly configurable system – rules based workflows cover all data management tasks.
• Complete data lineage from ingestion to distribution; drill-down audit of all actions and processes.
• Pricing libraries integrated into the data management workflow.
• User-friendly exception handling screens and workflows.
• Independent Price Verification (IPV) module provides out of the box functionality for third-party price reconciliation.

Xenomorph Price Master collects, stores and manages pricing data from multiple sources (data vendors, internal systems, spreadsheets, text files, etc.) and provides flexible workflows for data cleansing, validation (including calculated data) and reconciliation of prices to third-party sources.

Xenomorph Price Master can store traded prices and quotes for each asset from multiple trading venues either as intraday snaps or at tick frequency. It is then possible to create sophisticated rules to determine which price to choose from a number of possible prices. These rules can include statistical measures that operate both across the range of prices and their timestamps. These can vary with any attribute, such as asset class, geography, volatility etc.

The system is designed to store huge data histories – to meet the demands of all current regulations – and historic analytics without the need for archiving. Tens of billions of data points across millions of traded instruments are routinely stored in a single database, enabling risk factor generation for portfolios with millions of positions.

Manual pricing processes and spreadsheets are not only difficult to manage, hinder data governance and present reporting challenges – they also pose significant operational risk. Xenomorph Price Master provides a centralized repository for pricing and valuation, from simple calculations through to complex rules involving curves, surfaces, third party pricing models and formula-based calculations. Backfilling of historic data and the generation of proxy instruments is easily achieved.

The system maintains the connection between an instrument and its underlying data points and provides data lineage, drill-down, process audit and maker-checker controls on all actions. Independent price verification workflows check prices against third-party benchmarks or reconcile against external sources. The centralized solution ensures all pricing and valuation processes are checked, audited, managed and compliant.

Our professional services team have many years of experience configuring data management solutions to fit client requirements. The Xenomorph Price Master can be deployed on premises, as a hosted or managed service, or on public or private cloud infrastructure.