CHICAGO, Oct. 2, 2026 /PRNewswire/ -- Setara Financial Corp., a financial infrastructure company developing benchmark and reference-data infrastructure for the global compute economy, today announced the next stage in the development of its Reference Layer for compute markets. As artificial intelligence drives investment in GPUs, data centers, power and connectivity, compute is becoming an increasingly important economic input. Yet the market remains fragmented across hardware, providers, geographies, contracts and data sources. Setara is developing a Reference Layer to organize, standardize and evaluate information across this ecosystem, creating governed infrastructure that can make compute more measurable, comparable and financially usable.
"Compute is becoming too important to the global economy to be measured through disconnected proprietary data sets," said Jack Bouroudjian, Chief Executive Officer of Setara Financial Corp. "The development of a financial market around compute requires a transparent and credible reference layer. Setara is building that infrastructure so market participants can understand what is being measured, where the information comes from, how it is evaluated and how reference values are constructed." Setara's architecture begins with a governed data model designed to standardize heterogeneous compute-market information before eligible evidence enters the benchmark calculation process. Its Benchmark Calculation Engine (BCE) provides the developing framework for evidence classification, eligibility review, normalization, calculation, quality control, provenance and controlled release.
Together, these components create a controlled path from compute-market information through standardized data and benchmark calculation to, where applicable requirements and authorization are satisfied, benchmark determinations. Setara is also developing the methodology, Rulebook, publication, correction, change-control and governance structures supporting its benchmark activities. Evaluation and methodology-development outputs are not Official Setara Benchmark determinations or live settlement references unless expressly identified as such. "Benchmark credibility begins with the integrity of the underlying data and the transparency of the methodology," said Robert Alberghine, President and Chief Operating Officer of Setara Financial Corp. "Our objective is to build infrastructure where the relationship between evidence, methodology, calculation and benchmark determination can be understood and governed while protecting confidential source information."
"Building a compute market is ultimately a data architecture and governance challenge as much as it is a financial one," said Jeejo Pallayi, Chief Technology Officer. "The market needs a common framework that allows heterogeneous information to be brought together, evaluated and understood consistently." Setara's current methodology architecture organizes potential benchmarks across four principal families: Trade / Spot, Cost / Breakeven, Pipeline / Supply Risk, and Utilization. These represent the company's current product and methodology framework and do not mean that every benchmark within these families is currently available or authorized as an Official Setara Benchmark determination. Setara is also developing reporting, data-feed and API capabilities to support future distribution of authorized benchmark and reference information. As it enters its next stage of development, the company is establishing a public methodology-disclosure framework covering evidence classification, calculation and release controls, source confidentiality, corrections, methodology changes and governance.
About Setara Financial Corp.
Setara Financial Corp. is a Chicago-based financial infrastructure company developing benchmark and reference-data infrastructure for the global compute economy. Setara is building technology, methodology and governance infrastructure intended to improve transparency, comparability and integrity across rapidly evolving compute markets.
For additional information, visit Setara Financial Corp. at setarafinancial.com
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Media Contact:
Robert Alberghine
President & Chief Operating Officer
Setara Financial Corp.
[email protected]
630-464-9472
SOURCE Setara Financial Corp.
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