Reference Data Technology special report
Click here to download the PDF
What Drives Data Tech?
Cost and efficiency are consistently touted as the two opposing forces affecting reference data technology decisions, as addressed in responses to the first question in the Virtual Roundtable feature of this special report (page 8). Still, it's curious that cloud resources, as far as reference data professionals are concerned, remain on the back burner as a result of data security concerns, despite their great potential for reducing costs and boosting efficiency. Adam Cottingham of SmartStream points out in the Roundtable that cloud-based services must be agile to succeed-advice that cloud services providers would do well to heed.
With new types of data continually arriving and driving up the volume of reference data that firms must manage, integrating all of these can become an "insurmountable" obstacle, Cottingham says. A centralized data policy could be a solution, as could making data utility models more flexible.
Brian Buzzelli, head of enterprise data management for the Americas at Nomura, who has extensive experience on both the provider and user sides, sees vendors keeping pace with the increased complexity through new capabilities, he tells us in the Roundtable. The regulatory boom that has spawned the CICI and LEI identifiers will have a positive effect, Buzzelli believes. Reference data technology projects created for compliance purposes are an opportunity to reviewdata platforms, flows and operations methods, he says.
The strongest driver for reference data might be something else entirely, though. Consultant Ed Ventura, in the closing Q&A of this report (page 14), identifies "Wall Street attitude" as the biggest push for creating new technology in this space. Regulation could just be the helping hand.
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: https://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.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
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. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
EDM Council expands reach with Object Management Group merger
The rebranded EDM Council now includes members from industries outside financial services.
As datacenter cooling issues rise, FPGAs could help
IMD Wrap: As temperatures are spiking, so too is demand for capacity related to AI applications. Max says FPGAs could help to ease the burden being forced on datacenters.
Bloomberg introduces geopolitical country-of-risk scores to terminal
Through a new partnership with Seerist, terminal users can now access risk data on seven million companies and 245 countries.
A network of Cusip workarounds keeps the retirement industry humming
Restrictive data licenses—the subject of an ongoing antitrust case against Cusip Global Services—are felt keenly in the retirement space, where an amalgam of identifiers meant to ensure licensing compliance create headaches for investment advisers and investors.
LLMs are making alternative datasets ‘fuzzy’
Waters Wrap: While large language models and generative/agentic AI offer an endless amount of opportunity, they are also exposing unforeseen risks and challenges.
Cloud offers promise for execs struggling with legacy tech
Tech execs from the buy side and vendor world are still grappling with how to handle legacy technology and where the cloud should step in.
Bloomberg expands user access to new AI document search tool
An evolution of previous AI-enabled features, the new capability allows users to search terminal content as well as their firm’s proprietary content by asking natural language questions.
CDOs must deliver short-term wins ‘that people give a crap about’
The IMD Wrap: Why bother having a CDO when so many firms replace them so often? Some say CDOs should stop focusing on perfection, and focus instead on immediate deliverables that demonstrate value to the broader business.
