Reuters’ Reference Data User Group Looks to Improve STP

ORGANIZATION AND STRATEGY

Reuters has created a Reference Data User Group (RDUG) to identify practical data management solutions to improve straight-through processing (STP), the vendor announced last week.

The group, made up of key executives from over 20 global broker dealers, custodian banks and fund management firms--including Citigroup, Goldman Sachs, Invesco and Merrill Lynch--will meet three times a year to discuss their problems and share best-practice ideas. Smaller working groups will meet more frequently to