CCDM Proposes Utility in the Cloud
The Central Counterparty for Data Management (CCDM), a group set up by Financial Intergroup Holdings, has developed a utility concept where a searchable index of reference data would be hosted in a cloud environment and made accessible to regulators.
The creation of an industry reference data utility has been discussed for years now, with the focus being on setting up a new utility that firms feed basic information to. CCDM has instead suggested lifting out firms’ existing databases, hosting an
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