Going Beyond Compliance in Toronto
Upcoming Financial Information Summit conference shows data concerns heading in new direction
Looking over the agenda for our Toronto Financial Information Summit on Tuesday, June 23, I was struck by the lighter presence of regulatory compliance topics on the program compared to years past.
This is not to say compliance isn't important or there will not be any discussion of it whatsoever in Toronto, but it's just pointing out that data governance, leveraging data for analytics and efforts to raise data quality are now considered important enough to merit their own panels and their own time during the day.
Does this signal that financial industry operations professionals are about to emerge from having to focus extensively on regulatory compliance, crowding out their ability to address work that can more readily add value to data management, such as governance plans, analytics and raising quality?
Some may say that even with a slight recovery in the global economy, higher level management at financial firms is still insistent on cost control, although others may argue such a directive actually supports doing more work on data governance planning. Yet, as Giles Arbuthnott, a data services manager at index data provider Rimes Technologies said recently, the firms that will profit most are those "who are agile and able to adopt new strategies."
The data governance discussion promises to explore this conflict between cost concerns and the pressing need to keep data management up to date. Those who seek to build a data governance model have to consider whether changes are needed in their firm's culture, business or IT infrastructure – or all three.
As Giles Arbuthnott of Rimes Technologies said recently, the firms that will profit most are those 'who are agile and able to adopt new strategies'
Certainly, leveraging analytics and data – including big data, both historical and real-time data, and even social media data – can be more easily pitched as an effort that will bring a lot of value for minimal cost, comparatively. Yet, the understanding of how to achieve this may be elusive and our planned discussion should shed light on this.
Data quality can also be an indefinite goal or trait. What should a high data-quality standard look like? Is an industry-wide standard needed? Another panel promises to share ways in which firms can take steps to raise quality, whatever the bar.
Beyond compliance, these are the considerations most likely to make a difference for data operations and management.
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: http://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.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
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. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
Hub to lay off 20% of staff, sources say
Hub’s CEO says this is simply a case of a startup trying to stay nimble and efficient; others say it points to deeper issues.
TS Imagine integrates LTX’s pre-trade analytics tool
Users of the fixed-income EMS will now have access to LTX’s Liquidity Cloud tool, which provides a pre-trade score for the likelihood of trading success.
After contentious Opra upgrades, vendors brace for a faster future
Upgrades to the datafeed widely used to gauge the current market price for options contracts went into effect in February after three separate delays, which market participants say were caused by persistent bandwidth issues at some important recipients.
The IMD Wrap: No more turf wars, or why CDOs should heed the Voice of the CTO
Max reviews how our recent Voice of the CTO series has implications for those beyond a firm’s technology function, and how communication and collaboration between tech, data, and leadership will deliver better results.
Dark horse: Deutsche Börse building dark pool
New functionality allowing exchange members to execute sweep trades comes hot on the heels of European rival Euronext launching its own dark pool.
Man Group’s proprietary data platform is a timesaver for quants
The investment firm’s head of data delves into its alt data strategy and use of AI tools to boost quant efficiency.
Waters Wrap: The tough climb for startups
Anthony speaks with two seasoned technologists to better understand why startups have such a tough time getting banks and asset managers to sign on the dotted line.
As crypto ETFs become reality, benchmark providers take center stage
The SEC’s approval of the first spot bitcoin ETFs will expose a growing number of traditional market participants to the maturing world of crypto data, a moment that some—such as CF Benchmarks, BlackRock’s benchmark provider—have been eagerly awaiting.
Most read
- Women in Technology & Data Awards 2024: All the winners and why they won
- Witad Awards 2024: Above and beyond award (vendor)—Susan Bennett, Tradeweb
- Fighting FAIRR: Inside the bill aiming to keep AI and algos honest