Data Dilemma Still Dire
REFERENCE DATA
Competing broker-dealers often share the same clients and trade the same securities, but the background information they have on file for those accounts and instruments is not always identical. A recent pilot conducted by the Enterprise Data Management (EDM) Council set out to measure for the first time the quality of data and data discrepancies across financial services firms.
The data metrics pilot, concluded in April, focused on 42 core security-description and derived-data elements required
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