Industry Vets Harris, Toomey-Wilson Create Data Compliance Consultancy
Toomey-Wilson and Harris say their many years of experience can assist firms that lack expertise around dealing with data licensing, audits and compliance issues.
The pair set up the company in response to what they see as understaffing at financial firms around license management and market data compliance.
“We think there is more need now for data compliance, as a result of the ‘intellectual brain drain’ at financial firms,” says Norwalk, Conn.-based DataCompliance chief executive Toomey-Wilson. “When I came to the US working at MDSL back in the mid-1990s, market data was in a bad state. There were no systems or controls. Then people got a handle on
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