The current market data is set to l

The current market data is set to link with external source i.e. Reuter and automatically fed as realtime into FXMM and IRD system. For the end-of-day market data used in MTM, P&L valuation and Risk measurements, the processes are supported and done by IT (Stop feeding and archiving EOD market data set at 5:00 pm for FX and 5:10 for IR), there is no sufficient control of rate validation and therefore we found 2 critical issues in the current process:
There was some incorrect RIC(Reuter Identification code) codes setting in interface system
Rates were not updated daily due to technical problems such as failure in the daily EOD process, discontinue services form RT but system keep previous data as default etc.

The current market data is set to link with external source ie Reuter and automatically fed as realtime into FXMM and IRD system. For the end-of-day market data used in MTM, P & L valuation and Risk measurements, the processes are supported and done by IT (Stop feeding and archiving EOD market data set at 5:00 pm for FX and 5:10 for IR). , there is no sufficient Control of rate validation and Therefore we Found 2 Critical Issues in The current Process:
There was some incorrect RIC (Reuter Identification code) Codes Setting in interface System
Rates were Not Updated Daily Due to Technical problems Such As Failure in The. daily EOD process, discontinue services form RT but system keep previous data as default etc.

The current market data is set to link with external source i.e. Reuter and automatically fed as realtime into FXMM and. IRD system. For the end-of-day market data used, in MTM P & L valuation and, Risk measurements the processes are supported. And done by IT (Stop feeding and archiving EOD market data set at 5: 00 pm for FX and 5: 10 for IR),There is no sufficient control of rate validation and therefore we found 2 critical issues in the current process:
There. Was some incorrect RIC (Reuter Identification code) codes setting in interface system
Rates were not updated daily due to. Technical problems such as failure in the daily, EOD process discontinue services form RT but system keep previous data. As default etc.