NEW YORK, NY - June 13th, 2019 – Electra Information Systems, Inc. (“Electra”), a leading provider of award-winning post-trade solutions for the asset management industry, has released a new and improved Data Dashboard as part of its highly popular Electra Data, an automated, high-quality data acquisition and delivery service that supports the reconciliation, NAV, fund accounting, performance and client fee billing operations of buy-side firms. The Data Dashboard is an online tool that gives users the ability to view summary and detail status information on all the firm’s data supplier files, including updates on file status, type and size, as well as supplier accounts, date and time stamps, and more.
The new release of the Data Dashboard is free and available to all Electra Data and Electra Reconciliation (eSTaARS) clients, and allows users to view:
- A summary of open, pending and closed accounts on a per-custodian basis, and how many accounts received data during the day
- Details on accounts, such as current status and when data was last delivered to a specific account
- Account and data feed onboarding status and progress
- The status of every requested piece of data for files delivered daily, weekly and monthly
John Landry, CEO of Electra, said: “Buy-side firms are increasingly reliant on data for their trading activities, reconciliation processes and client relationships. Accordingly, they need real-time, detailed information on data feeds and connectivity throughout the day. We redesigned our Data Dashboard to make it not only more attractive and intuitive, but also more powerful by expanding summaries and detail-level reporting on feeds, sources, and in-progress processes. The advantage for users is less time on the phone tracking down statuses, and more time earning revenue and serving clients.”
Electra Data consolidates securities, cash position and transaction information through connectivity with more than 3,300 data feeds from over 1,320 global custodians, prime brokers, broker-dealers, subadvisors, counterparties and other financial institutions. The service helps buy-side firms save time, money and risk by eliminating manual processes and delays, format changes, website updates, password issues and other challenges associated with data acquisition. Supporting reconciliation, NAV, fund accounting, performance and client fee billing operations, Electra Data moves more than $20 trillion in assets through its engine daily, representing over 110,000 accounts with an average account size in excess of $150 million.
Electra Information Systems provides award-winning, innovative post-trade operations workflow solutions and data services for reconciliation, trade matching, settlement and billing solutions specifically for the global buy-side asset management industry. Institutional asset managers, hedge funds, wealth management firms, RIAs and outsourced service providers use Electra solutions across their middle and back offices to reduce and manage risk start to finish, improve operational efficiencies, accelerate billing and revenues, enhance counterparty experiences, and scale to business demands. Buy-side firms gain additional business value from Electra’s patented capabilities that intelligently and holistically integrate positions, transactions and cash, as well as integrate research data with the investigative process, for more robust exception and post-trade processing. For more information, visit https://www.electrainfo.com/.