How much does it cost an organization to manage reference data in a market with ever-changing demands on risk and regulation? That is the question for financial institutions in 2012.
With a turbulent economic environment, firms are under pressure to improve efficiencies, cut costs and comply with new regulatory requirements. To meet these changing demands, firms increasingly need to assess alternative operating models, reviewing opportunities for outsourcing reference data management or adopting new technology.
An exclusive WatersTechnology survey of senior data management decision-makers in international financial institutions reveals that the majority of firms need to reduce reference data management operational budgets in the coming years by at least 5% of their current spend, and close to one in six of these firms plan to reduce it by more than 20%.
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Inside Reference Data Awards 2015
The reader survey and the call for entries for the 13th annual Inside Market Data Awards 2015 & Inside Reference Data Awards 2015 are now closed. These awards recognize industry excellence within market data, reference data and enterprise data management. Watch this space to find out the winners!
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