Data Management Comes of Age

The data management market is commonly seen as one of the fastest growing areas of the industry. Data management—which generally refers to back-office functions such as corporate actions processing—was passed over in the last rush to straight-through processing. Thus, while many firms achieved an automated trading cycle, most continue to use manual functions when it comes to data management.

This is slowly changing, observers say. It seems as though each week brings news of at least one more bank