Market Data

Definition

The Market Data Engine is a controlled feed of rates, FX prices, benchmarks (SOFR, EURIBOR, SAIBOR, KLIBOR — used as REFERENCE for sukuk valuation, NOT as riba-bearing rates inside Murabaha), calendars (TARGET2, SAMA, BNM, NYSE) and holidays, instrument reference data (ISIN, CUSIP, sukuk identifiers), valuation inputs (yields, spreads), and market conventions (day-count, price quotation). It is distinct from the internal-taxonomy reference-data package which carries platform-internal rail codes, contract types, and rail categories. Status: scaffold; Phase 2 implementation pending.