Utilitizing Reference Data - WatersTechnology.com

- Stuart Willes
- 19 Sep 2016

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Can you afford to miss out on an opportunity to share the costs and benefits of managing reference data in a utility?

That is the question for capital markets firms in 2016, as the financial services industry sees the introduction of a fully operational, industry-led reference data utility and early backers prepare to reap the benefits. With support from Morgan Stanley, JP Morgan Chase and Goldman Sachs, SmartStream launched the Reference Data Utility (RDU) in 2015. The offering is designed to deliver data improvements and cost savings to clients by providing a shared service for cleansing, consolidating and normalizing securities data.

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