Precious metals data feed

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Precious Metals Data Feed (PMF)

Introduction

DIGITEC and 360Ts new market data feed, the Precious Metals Data Feed (PMF), brings transparency to the Precious Metals marketplace. Leveraging the same technology and design underpinning the award-winning Swaps Data Feed (SDF), which was also jointly developed by DIGITEC and 360T, the PMF provides a live streaming rate reasonability curve which is derived from banks’ core pricing engines. 

Providing XAU/USD and XAG/USD streaming data across the curve in tenors from ON up to 2Y, the PMF consolidates these multiple bank curves in one aggregated market view. Because the data is coming directly from a carefully curated group of market making banks, the PMF captures rare market intelligence that is not available anywhere else in the market today. 

How the Data is aggregated

DIGITEC and 360T have built a pool of PMF data contributors from participating D3 clients and 360T liquidity providers that are streaming their raw banking prices into the PMF. Streams are anonymised, aggregated and filtered. The result is a data feed based on participating banks’ raw pricing, not including any sales skew or client margining. The data is therefore representative and of Interbank quality. Outliers are removed to discount individual skew and holiday rules are included.

The PMF advantage

The PMF can be used for a number of purposes:

  • Evaluation of your outbound Forward curves
  • Assessment of best execution
  • Comparison of true executable pricing in the Forwards market
  • Rate reasonability compliance
  • Historical back-testing and model development
  • Academic research

Key features

  • Independent market data that reflects the real market, created by pricing engines and traders
  • Access to special dates such as turn dates around the year, quarter, month end / beginning, IMM’s as well as central bank meetings
  • Ability to request any broken date and any cross combination up to 2 years
  • Algorithm sanity checks – outliers are dropped out automatically to ensure best data quality
  • Up to 1000 parallel subscriptions are possible

Distribution

We offer various customisable subscription models:

  • FIX-API based feed with no limitation to the number of users and consuming in-house applications
  • Seamless integrated access via DIGITEC’s D3 Pricing Engine
  • Seamless integrated access via the 360T platform (EMS, ADS & MMC)
  • View-only webpage access

Meet our partner

As Deutsche Börse Group’s FX powerhouse, 360T provides web-based trading technology for OTC instruments, integration solutions and related services. In addition to its existing cutting-edge multi-bank portal for FX, Cash, Money Market and MM Funds products, together with Deutsche Börse Group, it provides its clients with the most holistic offering on the market by combining FX OTC and on-exchange FX trading. 360T allows clients to directly reduce their operational costs and risks in all parts of the trading lifecycle while enhancing compliance and transparency at the same time.

360T Deutsche Börse Group

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DIGITEC

DIGITEC GmbH
Krüsistrasse 7
22305 Hamburg
Germany

DIGITEC Ltd.
15-16 St. Helen’s Place
London EC3A 6DQ
United Kingdom

Contact

+49 40 23 77 60
info@digitec.de

Company

DIGITEC has been working with trading banks for more than 40 years. Clients include more than 40 global and regional banks in the Americas, Europe and Asia Pacific.

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