The first two results I received from typing "define: utility" into Google seem apt when considering the implications of having a reference data utility for the financial markets:
"A company that performs a public service; subject to government regulation"
"The quality of being of practical use"
In terms of the first definition, there is plenty of political support for anything that could perform a public service and protect the electorate from excesses and mismanagement by the financial markets.
Bill Murphy, CTO of Blackstone, once again joins the podcast to discuss the private equity firm's new offices, designed to house its innovations team.Subscribe to Weekly Wrap emails