The two new reference data modules consist of a collation and cross reference of all exchange traded products across European and Asian markets and a module of global exchange holidays, settlement dates and trading hours combined into a single database.

This means that traders can search across a range of identifiers to find ETFs which fit their requirements and the benchmark index. Required trading information such as inception date, total expense ratio and performance can also be defined.

Combined with the view of global exchange trading hours and settlement days also integrated into the platform, this automatically allows for times when exchanges are closed, eliminating failed trades, unnecessary administrative expenses and extra interest payments.

Bernie Thurston, Head of Delta One Data said: "This is the next stage in the evolution of SOLA. As well as enabling complex structuring tasks, it simplifies previously complicated operations and only looks at actual trading hours no matter the exchange or geography. The reference data module provides additional high-value functionality required by delta one desks and positions SOLA as the leader in the market."

The modules are being rolled out to current clients and will go live during May