The IMD Wrap: As crypto rises, yes, reference data is VERY important
With the SEC’s approval of spot Bitcoin ETFs, Max explains why reference data will take on greater importance—whether non-data people know it or not.
Specificity is important. Imagine, if you will, a portfolio manager and a trader hosting a Christmas party. The portfolio manager is making their special dessert that requires a 16-ounce bottle of Bailey’s Irish Cream liqueur and sends the trader out to buy some. The trader goes to the store and finds the Bailey’s. Next to it on the shelf, though, is a 24-ounce bottle of Barry’s Irish Cream for $1 less. The trader buys it, and takes it home, pleased with themself for getting more value for money
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