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“Formicary consistently provides us the reliability, commitment and professional services which can be counted on during the ups and downs of projects”

Dr Gerd Börker
Head of IT Trading
WestLB AG

"RiskSeer™ has given WestLB a faster, more accurate, transparent and audit proven end-of-day process where operational risk is minimised."

Regina Marinina
Head of Risk Engineering London
WestLB AG

Market Data & Risk


Market data is extensively used and forms the core of all financial institutions. At Formicary, we provide cost effective unified solutions that benefit the business as a whole. Our area of expertise:

  • Rationalising market data, source consolidation, and trade interfaces
  • Developing applications and delivering solutions that subscribe, publish and manipulate data from multiple disparate sources optimising efficiency and minimising the latency of data feeds

Our Reuters Market Data System experience includes:

  • Connecting third party products to Reuters
  • Developing applications to subscribe, publish and adjust rates in RMDS, TIB/Rendezvous and Triarch
  • Interfacing with Reuters infrastructures

Specific examples of application development include:

  • Viewer - a web-based, real-time application allowing traders to view real-time data via a browser
  • Super Derivatives Publisher - subscribes to rates on RMDS and periodically pushes them to an intranet portal
  • Emerging Markets Lookup - converts broker pages to records
  • FX Margin Summit Import - subscribes to FX rates, performs calculations and imports them into Misys Summit
  • Emerging Markets Consolidator - reads bond data from CSV files from users and publishes data to chains
  • Chain Builder - automatically breaks down large chains of records into smaller chains
  • Calculation Engine - value added application – performs real-time financial calculations based on RMDS records, publishing results to other real-time records

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Case Study: RiskSeer at WestLB AG

A solution for streamlining operations and achieving straight-through- processing from front to back office that integrated seamlessly with the new trading system.

To read the case study, click here