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Release Note – 72

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All this is the release note for the new improvements that where released to the platform yesterday Thursday the 8th of October, these should already be available to yourselves, if you have any questions or clarifications do not hesitate to contact us:

 

Ironhide:

We have released into Ironhide, the capability for viewing and interrogating the MSCI ACE (advanced corporate action file). We have broken down the ACE via country and development region such that you can see only the corporate actions that impact the US region.

To assist with ETF validation we have also embedded a field called Calculated NAV and % change, this will allow users to see how closely the official NAV matches the ground up calculation of all the constituents and the percentage change of the NAV from previous day. ( we have already been asked to create an absolute version of this filed so people can order the results)

If you would like to have any of these items added to your view please do not hesitate to contact us

API Feed:

  • FTSE / STOXX ICB change deployed to prod, this was implemented for the rebalance on the 18th of September, but this is a consolidated release not of all the changes since our last release
  • Finex file format change, the ETF provider changed custodian from BONY to CITI, this has resulted in a significantly more granular PCF, this was implemented 1st of Oct
  • Weiner Bourse FTP to SFTP transition, this is a background task to ensure there is no interruption to the delivery of data as the provider moves to a more secure delivery system
  • S&P monthly rolling rebalances automated, this change has moved the implementations of rebalances that span multiple days has now been automated via the ULTUMUS platform
  • Fixed income pricing structure deployed, in order to improve the visibility and pricing specificity of fixed income indices, we have deployed a new structure in the api feed that is more consistent in the display of the fixed income pricing data ( analytics module to follow)
  • Commas removed from constituent names
  • Short Dax x2, improvement in display of data
  • Euronext index value accuracy improved, additional decimal places for index value added to feed.
  • CRSP data new factor field embedded
  • New Stoxx indices deployed
  • BIST rebalance process deployed to Prod
  • Futures reference data improved, embedding of root data for Reuters and bloomberg such that the system can automatically match index futures that are sent as part of ETF compositions.

Upcoming Release 73 – planned upgrades

API Feed / Data

  • NYSE Stratquant indices added to feed
  • SPDR AUS file format change ( Delayed by provider )
  • Improve handling of duplication of index RICS
  • Russell Pure Style Indices moved to prod
  • ASHR ETF basket able to handle different unit sizes between baskets
  • Status updates added to API feed (part 2 of 3)
  • Provisioned capacity for API lambdas applied to low level traffic to improve API performance, makes a faster response on start up.
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• Contact us

Have questions about this?

Speak to one of our ETF data specialists about how this applies to your fund range.

Get in touch

Bernie Thurston

Bernie Thurston is the founder and CEO of Ultumus, a leading provider of ETF and index data, calculation, and workflow solutions. With over 20 years of experience in financial technology, Bernie has been at the forefront of index and ETF innovation since 2003.

His finance career began at Markit, where as Managing Director for Equities he designed and developed products for index and ETF composition and dividend forecasting from 2003 to 2011. He then founded and led DeltaOne Solutions as Managing Director, building it into a global provider of index and ETF trading data and technology services. The company managed over 100,000 multi-asset class products before being acquired by Markit in 2015.

Following the acquisition, while working for an ETF issuer, Bernie identified fundamental issues in how index and ETF data was represented across the industry. This led him to found Ultumus in 2016, building solutions for ETF primary market operations. Under his leadership, Ultumus has grown into a market leader serving major financial institutions globally, with its ETF Order Management System (OMS) supporting create and redeem workflows worldwide and its PCF platform calculating and distributing portfolio composition files for ETF issuers across every major market.

Bernie sold Ultumus to SIX Group in 2021, where it continues to expand across Europe, North America, and Asia-Pacific. Known for building lasting teams and leveraging cutting-edge technology, Bernie is focused on establishing Ultumus as the backbone of the global index and ETF industry through standardisation and automation.

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