Smartstream

Smartstream — Two distinct assets, and only one is licensable data. (1) Reconciliation telemetry generated by running a trade-lifecycle reconciliation platform across FX, money markets, derivatives, fixed income, equities, repo and commodities: a normalised, linked 'golden record' per trade stitched across execution venues, booking tools, confirmation platforms, clearing houses, settlement systems, valuation engines and the general ledger, with every lifecycle event timestamped, plus the exception and break population itself — two-way and three-way matching results against counterparties and …

Smartstream offers (Reference, Alternative, Fundamental) — Not quantified on the page. Implied scale is very large by construction — the platform ingests every source system of client institutions across seven major asset classes, so events per client run into the millions daily — but nothing on this page states trade, event or record counts, and the data sits inside client systems rather than in a vendor-held corpus. Request event volumes per deployment and clarify what the vendor retains. For the reference-data estate, request record counts per asset class and per data domain..

Primary and legitimate use is operational: settlement control, audit and regulatory readiness, P&L accuracy and governance. For a data buyer the differentiated uses are quite different — training and evaluating record-linkage, entity-resolution and schema-alignment models on real multi-system disagreement rather than synthetic noise; building AI agents that reconcile or audit financial records, where labelled real-world breaks are the missing supervision signal; operational-risk benchmarking of settlement failure modes across institutions; and, separately, procurement of the maintained reference-data estate as a conventional subscription.

Coverage spans US, UK, Europe; Financial Exchanges & Data; reference, alternative, fundamental; equities, fixed_income, derivatives, options, commodities, fx.