Data:So Who’s Going to Make a Standard?

OPEN PLATFORM

Why the industry needs a single source for reference data. By Brian Baczyk, CFA, CTO, The Pragma Group

The lack of a standard for security reference data is a major problem facing the financial services industry. Exhibit A: one of the standard security identifiers--ISIN--fails to tell a buyer of 100 shares of Daimler-Chrysler whether they were purchased from the New York Stock Exchange or the DAX, or if the shares were valued in dollars or Euros. That’s because both Daimler-Chrysler securitie

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