Case Study: EFA achieves 100% automated market data pricing and 91% STP with SimCorp Data Management

EFA automates 100% of their market data pricing with 91% STP with SimCorp Data Management

EFA, the European Fund Administration, needed a way to industrialize and centralize the collection, validation, and distribution of securities, financial instrument, and pricing data as its business and portfolio volumes grew. To support its expanding fund administration, middle office, and private assets operations, EFA selected SimCorp Data Management to help manage increasingly complex market data pricing requirements.

SimCorp implemented a solution that combined SimCorp Data Management for Market Data and, later, Security Master to centralize securities data management and automate pricing workflows. The results were strong: EFA now calculates around 43,000 prices daily, achieves a 91% STP rate, and has fully automated the process of collecting, validating, and sending prices to its core platform, significantly reducing exceptions and manual work.

EFA

Jean-Luc Macheret

Head of IT Applications and Integration