Improving Data Quality

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How can data errors in securities processing be reduced?

By Richard Ordowich, senior partner at STS Associates Inc.

In a previous article, we outlined the need for new standards of data quality beyond the gold standard (IMD, June 3). In this article, we’ll explore some cost effective and easy to implement ways of reducing data errors in securities processing.

In securities processing, the need for speed has resulted in a tolerance for data errors. The following statement is heard all too freque