Is the "Gold" Standard Of Data Quality Adequate?

OPEN PLATFORM

With STP and increased regulatory scrutiny, risk liability and customer relationship concerns, it is no longer enough to simply check data against two sources.

By Richard Ordowich, senior partner at STS Associates Inc.

Data quality remains one of the most costly concerns in the industry. Data errors result in missed trading opportunities, errors in clearance and settlement and mistakes in post-trade processing. They consume significant staff time and put firms at increased risk.

Financial ser

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