Real-Time, Structured Data for Exchange-Traded Derivatives

Turning complexity into confidence

Financial Institutions consuming 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 drive automation of adjustments into IBOR 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 certainty, transparency, and compliance and clients can stay ahead of the curve and scale-up in derivatives.

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

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

With rapid growth comes more frequent adjustment sproducts, 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 on underlying securities, the active ETDs instruments must be adjusted in sync with the underlying securities. Yet many institutions are still managing these adjustments using a manual, fragmented process, created 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

In order to support growth, reduce risk and make the process efficient, the ETD operations requires a shift to the real-time delivery of structured, machine-readable, expert-validated adjustment details 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.