The New Real-Time
Just as most people have finally figured out the difference between market data and reference data, the industry is about to complicate the matter. Market data has typically been associated with real-time data and the front office, while reference data has been its more static sibling in the back office. But this could now change.
Reference data is becoming more important in the front office, where time is of essence. There is a growing need for more reference data, and more timely reference data
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