Innovation Revs Up
Even with the LEI, Basel III, MiFID 2, Solvency II, Fatca and Target2-Securities (T2S) all on the reference data operations agenda (a list that might sound to a layperson like the dullest set of movie sequels ever), hearing the presentations and discussions at the European Financial Information Summit (EFIS) sponsored by Inside Reference Data and Inside Market Data on September 18 made clear that practitioners are pursuing a great deal of innovation in their space and being forward-thinking about managing the data and analytics that concern them.
As Nicholas Hamilton related in his reflections on EFIS in an online column, “Benefitting From The Best of Breed,” Adam Broun, a CIO in the front office at Credit Suisse, asked attendees to think about how to apply data achievements from other industries and fields in their work. Furthermore, in our “Interview With,” Broun details his ideas on how to best leverage data that firms are being required to track and compile due to all those regulations just mentioned, and the need to organize data management processes so multiple regulatory needs are met all in one go.
Last issue, I pointed to the thread of concern about transparency throughout pricing and transparency. Our webcast on September 11, moderated by Hamilton, found panelists describing how they are implementing transparency in their approach to pricing and valuations. Greg Carlin of S&P Capital IQ identified structured retail products as an asset class where dealer firms are concerned about marking to models when doing valuations. Service providers are doing well at responding to queries from users who want greater transparency, said Daniel Johnson of Wells Fargo, and are seeking to learn how clients intend to use the data to better support that transparency.
We also report on a few other fields of reference data innovation: cloud computing, downstream data management and semantic data. Cloud technology, covered in our most recent webcast, is being applied to the ubiquitous problem of cost containment for reference data operations, and more specifically, to the problem of lack of resources—particularly in corporate actions processing, to name just one area.
Also during EFIS, experts from UBS, RBS, Bloomberg PolarLake and Informatica gathered to consider how to best manage reference data distribution downstream within firms and out to clients. Downstream data management involves complex challenges in figuring out how to work across data silos and finding nimble, less bloated data management systems to handle the distribution process. This is another area where practitioners are pressing for innovation. Lastly, semantic data technology, which like cloud computing and the data elements from other industries Broun identifies, is having an impact on reference data. Our report suggests this new technology will apply greater logic and clarity to enterprise data management. Read on to find useful and applicable details beyond the regulatory alphabet soup.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
Waters Wavelength Podcast: Bloomberg’s Tony McManus
Tony McManus, global head of enterprise data division at Bloomberg, joins the podcast to talk about the importance of data in the context of AI and GenAI.
Putting the ‘A’ in CDO: The rise of the chief data and analytics officer
As data and analytics become more intertwined, banks and vendors are creating a new role—the chief data and analytics officer—to help them take advantage of the opportunities it presents. It may sound easy, but rethinking data can be a gargantuan task.
The IMD Wrap: Talk about ‘live’ data, NAFIS 2024 is here
This year’s North American Financial Information Summit takes place this week, with an expanded agenda. Max highlights some of the must-attend sessions and new topics. But first, a history lesson...
Waters Wavelength Podcast: S&P’s CTO on AI, data, and the future of datacenters
Frank Tarsillo, CTO at S&P Global Market Intelligence, joins the podcast to discuss the firm’s approach to AI, the importance of data, and what might be in store for datacenters in the coming years.
Breaking out of the cells: banks’ long goodbye to spreadsheets
Dealers are cutting back on their use of Excel amid tighter regulation and risk concerns.
BMO’s cloud migration strategy eases AI adoption
The Canadian bank is embracing a more digital future as its cloud strategy makes gains and it looks to both traditional machine learning and generative AI for further augmentation.
Waters Wrap: GenAI and rising tides
As banks, asset managers, and vendors ratchet up generative AI experiments and rollouts, Anthony explains why collaboration between business and tech teams is crucial.
People Moves: NorQuant, Tradition, Duco, HKEx, SimCorp, Hazeltree, Xceptor, Broadridge, and more
A look at the past month’s people moves in the capital markets technology and data space.
Most read
- Waters Wavelength Podcast: S&P’s CTO on AI, data, and the future of datacenters
- Waters Wavelength Podcast: Bloomberg’s Tony McManus
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services