Overview:
BIQH market data processing
BIQH market data processing steps
Hover over the visual below to explore the key processing steps within the BIQH Market Data Platform.
Or download the full overview for a detailed explanation of all processing steps and data categories.

Data Sources
All market data feeds that enter the BIQH Market Data Platform.
Bulk Files
Large scheduled deliveries of market data containing many records and data fields.
Request / Response
On demand retrieval of specific market data through a request and response interaction.
Streaming
Continuously updating market data.
Input Rules
Rules that control how incoming market data enters the platform.
Fetching
Defines what market data is collected and when it is collected.
Cascading
Defines the order in which market data vendors are used.
Silver Copies
The first structured representations of market data inside the BIQH Market Data Platform.
Validation Rules
Checks that confirm whether market data is correct, complete and usable.
Business Validations
Checks that assess whether market data values make sense in a business context.
Technical Validations
Checks that confirm whether market data is structurally correct and can be processed safely.
Import Rules
Rules that define how market data moves from the Silver Copies into the Golden Copy.
Business Rules
Rules that shape and enhance market data before it becomes part of the Golden Copy.
Calculations
Creates new market data values based on existing raw market data.
Derivations
Creates new data fields derived from the available market data.
Enrichments
Adds missing or supplementary market data where required.
Overrides
Corrects market data values that have been identified as incorrect.
Golden Copy
Harmonised market data that acts as a single version of the truth for a downstream system.
Output Rules
Rules that prepare market data from the Golden Copy for delivery to downstream systems.
Merge Strategies
Rules that define how market data from different market data vendors is selected for use.
Formatting
Defines the structure and layout of the market data that is delivered.
Delivery
Controls how the market data is made available to downstream systems.
Consumers
Systems and applications that make use of the processed market data.
Import Configurator
Configures how market data enters the Silver Copies and moves through to the Golden Copy.
API
Provides market data from the Golden Copy to downstream systems.
Admin
Manages configuration and compliance settings for market data distribution.
Data Steward
Reviews and manages the quality of market data in the Golden Copy.