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A more detailed description of each step in the workflow follows.
Demand Prices
Create Demand
The first step in a pricing workflow is to identify the securities for which prices are required. During the create demand phase, the data strategy criteria are evaluated to determine which security prices to request. Criteria can consist of security criteria and holding criteria, or just security criteria. For each security evaluated, a shell record is created in the composite SECURITYDBO.PRICE tablefor the security, composite field, and composite source. A record is also created in the price vendor table for each security, price type, exchange, and vendor source defined in the vendor source rule for the data strategy.
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Prices only load to the PRICE_STATUS table if demand had been generated Within EagleML, there is a flag required to route to the RDC process defined as useRdcPricing which must be set to Y on the record or a global value W_USE_RDC_PRICING that may be set as part of the system configuration. Global parameters should be specified in the /eagle_ml-2-0_custom_cm/w_config_custom.inc. |
Validate Prices
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In this stage, the prices that were received from various vendors are then checked against pre-determined rules contained in the Price Data Strategies. These rules are set to catch any discrepancies, or large price movements. When a Price Data Strategy is submitted for the validation phase, validation test results post to the RULESDBO.PRICE_VALIDATION_STATUS_DETAIL table.
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