BNY’s Securities Master Nears Completion

DATA CONSUMERS

Next year the Bank of New York will complete the final phase of a massive securities master database project that the firm has been working on since 1998 and one that ran well over budget.

Currently, the project holds more than 5 million securities, says Ahmed Sharif, senior vice president and head of investment management outsourcing technology at the Bank of New York. Sharif spoke last Friday at the Waters 2002 financial and risk management technology conference in New York.

The next phase w

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