Reference Data Technology special report
June 2009 - sponsored by: Kingland, PolarLake, SIX Telekurs, Thomson Reuters
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The Small-Step Approach
It seems as though everything has changed since the fall of Lehman. But, in fact, the requirement for a best-of-breed reference data system has not. In many cases, it is the implementation process that has changed. Software companies have enhanced their propositions to help clients realize benefits a lot quicker. The multi-year projects might be gone, but the objectives have typically remained the same. Vendors have simply taken a more flexible approach, becoming better at slicing and dicing propositions to enable firms to show immediate results-but still get to the end goal.
The small-step approach to technology projects is also the strategy most of the firms
undergoing mergers seem to be taking. Some suggest the data integration projects have been more focused on data interaction than integration. It has not always been a case of doing a drastic overhaul.
Still, the numerous mergers happening in the industry at the moment have resulted in
this being one of the main drivers for change. It can be an opportunity to start at square
one, review requirements and roll out the best solution-just not overnight.
This process is what we hope the reference data technology special report, which includes comments from industry experts and a news review, will help readers with. And if you find this interesting, we also hope you will want to join us at our upcoming events, the European Financial Information Summit in London on September 22 and the Asia Pacific Financial Information Conference in Hong Kong on November 3-4.
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