FISD Aims to Improve Data Redistribution With New Model

tom-davin

A new commercial model that aims to simplify and standardize the way custodians pay to redistribute reference data to their clients has been unveiled by the Consumer Reference Data Group of the Financial Information Services Division (FISD) of the Software & Information Industry Association (SIIA).

The model divides reference data into three categories—static or low-value, dynamic or medium value and vendor-specific or high-value—depending on whether the data changes during the lifetime of a sec