The startup provides independent valuation services for over-the-counter derivatives, utilizing extensive and reliable market data to deliver timely and transparent valuations. This enables risk managers to access a credible and cost-effective source of market data, enhancing the accuracy and efficiency of their accounting functions.
Funding
$3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Investment banks and commodity trading firms require independent price verification (IPV) for over-the-counter (OTC) derivatives to comply with regulatory requirements and ensure accurate risk management. Existing IPV services may lack transparency, limit client data ownership, or fail to incorporate sufficient market-maker input, leading to potential inaccuracies and compliance challenges.
Solution
Skylight IPV provides independent valuation services for OTC derivatives across major financial asset classes, offering a transparent and responsive solution for IPV. The service prioritizes partnerships with clients, combining collective experience with innovative technology to deliver effective and efficient solutions. By actively targeting the largest OTC market makers as contributors, Skylight IPV ensures its consensus data accurately reflects the inter-bank OTC market. Clients retain full ownership of their data, and all data processes are transparent, with submitted data available to clients on an anonymized basis.
Target Audience
The primary target audience includes investment banks and commodity trading firms that require independent price verification services for OTC derivatives.
Features
- Extensive coverage across major financial asset classes, including commodities, equities, foreign exchange, and interest rates
- Incorporation of transaction data from key vendors into a charting toolkit for back-testing and liquidity analysis
- Active targeting of the largest OTC market makers as contributors for each service
- Transparent data processes with all submitted data available to clients on an anonymized basis
- Clients maintain full ownership of their data with no derived data rights maintained by Skylight IPV
- Interactive analysis toolkit with an intuitive UI and stable performance
- Cloud-based infrastructure engineered using Amazon Web Services for robust and scalable systems
- Secure data encryption for transmission and storage, with a full audit history of user actions available on demand
- REST-based API for automating interactions with Skylight systems and integrating with existing client systems