Best reference data managed service—FIS

Product overview—FIS Market Data Analyzer Suite (formerly MarketMap)

FIS MarketMap—encompassing MarketMap Energy and MarketMap Analytical Platform—provides clients with market and reference data, including real-time and historical data across global asset classes such as equities, fixed income, commodities and foreign exchange (FX). It offers end-of-day pricing for global exchanges and specialized energy data management solutions. Managed data services from vendors such as ICE, S&P Global Market Intelligence, iNTELLI, and LSEG ensure high‑quality information. Analytics tools support advanced decision-making by storing and managing high-volume time-series data.

The solution

The FIS MarketMap Energy platform is designed to address a number of reference data challenges by consolidating more than 150 sources of energy market information into a consistent format, cleaning and standardizing data structures. It supports various search criteria, real-time monitoring and data manipulation, ensuring accurate, timely and high-quality data to support decision-making and operational efficiency in the energy sector.

Secret sauce

FIS MarketMap provides users with access to global and historical data across various asset classes. It includes analytics tools for managing and analyzing high-volume time-series data. Specialized energy data solutions integrate multiple sources into a consolidated repository, while managed data services from partners/third-party vendors ensure high-quality data. Professional consulting services enhance efficiency and compliance, ensuring consistency and reliability in transactions, reporting and analytics.

Recent milestones

FIS Market Data Analyzer Suite has undergone significant enhancements in the past year, including:

• Data versioning—introduced to identify historical changes in data
• A vendor attribute feature—allows users to view source and package information of every data point, enabling manual changes by data administrators
• Artificial intelligence and machine learning integration—introduced in 2024 to enhance risk management, automate compliance processes and improve decision-making.

Future objectives

FIS Market Data Analyzer Suite’s road map entails:

• Data catalogue integration—to ease data navigation and access at node level
• Unstructured data storage—to support various file formats in CoreDB technology
• Adaptive forward-curve builder—to simplify complex forward-curve calculations for commodities

Additional features include enhanced filter conditions, statistical functions, improved user interface, interest rate calculations, FAME database password protection and time zone support in the core FAME platform.

Why FIS won

FIS wins the Best reference data managed service category in this year’s IMD & IRD Awards, usurping Moody’s crown as the premier provider of reference data managed services in these awards. The win for FIS is thanks to its impressive Market Data Analyzer Suite, which delivers high-quality market and reference data, including real-time and historical data across equities, fixed income, commodities and FX. As with several other categories in these awards, the key to FIS’s win is the critical role it plays in assuming the heavy lifting and operational complexity around sourcing and managing data from a large number of sources, leaving its clients to focus on their core business functions. It might not sound particularly challenging, but sourcing and delivering data to large numbers of clients, each with their own idiosyncrasies and demands, is anything but straightforward. Add to that personalized support and you have the makings of a highly compelling reference data managed service.