IMD Chicago: Users Urge Standards in Contracts, Data

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Tom Scholz, Harris Associates; Scott Redstone, BAML; Lenee Wolf, Northern Trust; Mustafa Maqbool, Infinium Capital Management

Increased use of industry-wide standards are needed across market data sourcing and licensing to data management, to reduce risk and confusion between data providers and clients, according to a panel of buy-side and sell-side data professionals at last week's Inside Market Data Chicago conference.

Too much emphasis is placed on the legal terms of a contract but not enough on terms that define the data covered, said Mustafa Maqbool, manager of trading data at Infinium Capital Management.

"There

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