Data Dilemmas of Pricing Illiquid Assets

While different vendors can take different views on inputs to pricing models and even methodologies, traders make the final judgment on which is better, Josh Feldstein, assistant vice president of strategic sourcing at Credit Suisse, told attendees.

"It's about what [traders] need and how they're going to make money," said Miguel Ortega, a managing director at Barclays Capital.

But while traders make the final judgment on the quality of data—to the extent that a "change in guard" in the front

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