Reliable, Real-Time, Structured Data for Exchange-Traded Derivatives

Turning complexity into confidence

ccc Institutions using the Exchange-Traded Derivatives Service report a significant reduction in manual effort, zero missed or delayed adjustments, stronger compliance and audit readiness, and the ability to seamlessly integrate derivatives data into internal risk and settlement systems.

By combining comprehensive exchange coverage, structured data delivery, and corporate action expertise, the Exchange-Traded Derivatives Service ensures that derivative adjustments shift from a point of operational risk to a source of resilience, transparency, and investor confidence. It means our clients can stay ahead of the curve and position themselves to benefit from the fast-growing interest in derivatives trading.

Exchange-Traded Derivatives (ETDs) such as futures and options are indispensable tools for managing risk, capturing market exposure, and executing complex strategies. And the derivatives market is expanding, with demand for ETDs continuing to surge.

Global futures and options trading volumes hit over 137 billion contracts in 2023, a 64% increase over the past five years according to data from the Futures Industry Association (FIA). Exchanges are expanding products across equity, index, commodity, and ESG-linked derivatives.

The explosive growth in derivatives trading has created unprecedented opportunities - and equally unprecedented risks for firms that rely on fragmented or manual processes.

With rapid growth comes more frequent adjustments, including higher corporate action volumes, cross-border complexities, and tighter deadlines as markets evolve toward near 24/7 trading.

Fragmented data creates operational risk

When corporate actions such as dividends, stock splits, or mergers are announced, these instruments must be adjusted in sync with the underlying securities. Yet many institutions are still managing these adjustments using a manual, fragmented process, even as the market for these products grows exponentially. This has given rise to fundamental operational challenges.

• Disjointed exchange notices: Each exchange (OCC, Eurex, ICE, NSE, and more) publishes adjustments in its own language, format, and methodology. Misinterpretations are common (misclassifying a cash dividend as a special dividend, for example) and often require multiple corrections to exchange notices.
• Manual monitoring burden: Operations teams must scour websites, translate documents, and update systems under tight deadlines. This leads to time-consuming workflows, a high error risk, and inefficiencies across front, middle, and back offices.
• Complex event expertise: Cross-border mergers, rights distributions, and multi-leg events often require layered adjustments to a basket of securities across multiple dates to tie derivatives contract changes directly to corporate action lifecycles.
• Multiple data sources: No single service provider has historically managed both corporate actions data and derivative adjustments. Relying on separate vendors is creating duplication, operational risk, and weak custodial support.

End-to-end derivative adjustment intelligence

The pace and scale of derivatives trading can no longer be supported by manual processes and fragmented data sources. The future of ETDs requires a shift to the real-time delivery of structured, machine-readable, expert-validated data that can be fed directly into downstream workflows.

The Exchange-Traded Derivatives Service, delivered by Managed Corporate Actions (MCA), addresses this need with a combination of exchange coverage, data formatting, and expert adjustment that delivers comprehensive, accurate, contextual, standardized, structured data.

Comprehensive global exchange coverage: The service monitors all major global derivative exchanges, covering 90%+ of listed equity derivatives and over 10,000 contracts. From the first notice to final contract terms, MCA captures and standardizes the entire lifecycle.

Structured, machine-readable data: To eliminate manual burden, the service delivers full exchange or security-of-interest (SOI) coverage data in formats built for automation, including CSV, ISO 20022, or proprietary formats. This data is accessible in real time via a web interface that delivers clear audit trails, direct links to exchange docs, and corporate action context.

Full adjustment context and transparency: Each adjustment includes strike price and lot size changes, adjustment ratio (R-Factor), contract closures or reissuance, new deliverables, and exchange methodologies, publication, and effective dates. The service doesn’t just provide what has changed, it explains why and how adjustments must be executed.