Data Management Special Report
Owing to regulatory requirements, firms are consuming greater data loads for risk and generating alpha. It’s a delicate balance.
Click here to download this report
A Perfect Combination
At its core, the conversation around data management is fairly easy to understand: if you want to be able to analyze your data and then gain value from it, you have to be able to properly manage your data and get your systems, processes and governance in order.
Data management and data analysis-it's not exactly a chicken-or-egg conversation, but quality in one area without the other is essentially the equivalent of a hamster running on a wheel, a lot effort but getting nowhere fast.
For this special report, we gathered together a five-person virtual roundtable of experts to discuss the greatest challenges facing firms. One common theme emerged covering, first, the explosion of data required to run a firm thanks to new regulations, and second, the desire to be able to analyze that data to provide business value. If you think about it, these are not new themes: the term big data is a relatively new "catchall", but financial services firms have been struggling with how best to corral their data since the invention of computers.
The evolution of data management today is around extracting value for things such as managing risk and monitoring anomalies both inside the firm and in the market as a whole. It's about pre-trade risk, post-trade analysis, and making sure that the firm is stable during volatile conditions. This simply cannot be achieved without clean, accurate, up-to-the-second information that is well organized, deliverable exactly when needed, and formatted in a way such that it can be drilled into and shuttled across business units as necessary.
So again, the basic premise of the conversation is easy: good data management can lead to effective data analysis. How you get to those goals, though, is incredibly complex, time- and resource-intensive, and represents a massive IT equation. It's not always easy to show immediate return on investment on these projects, but the firms that are willing to spend now will have a leg up on the competition.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
Hub to lay off 20% of staff, sources say
Hub’s CEO says this is simply a case of a startup trying to stay nimble and efficient; others say it points to deeper issues.
TS Imagine integrates LTX’s pre-trade analytics tool
Users of the fixed-income EMS will now have access to LTX’s Liquidity Cloud tool, which provides a pre-trade score for the likelihood of trading success.
After contentious Opra upgrades, vendors brace for a faster future
Upgrades to the datafeed widely used to gauge the current market price for options contracts went into effect in February after three separate delays, which market participants say were caused by persistent bandwidth issues at some important recipients.
The IMD Wrap: No more turf wars, or why CDOs should heed the Voice of the CTO
Max reviews how our recent Voice of the CTO series has implications for those beyond a firm’s technology function, and how communication and collaboration between tech, data, and leadership will deliver better results.
Dark horse: Deutsche Börse building dark pool
New functionality allowing exchange members to execute sweep trades comes hot on the heels of European rival Euronext launching its own dark pool.
Man Group’s proprietary data platform is a timesaver for quants
The investment firm’s head of data delves into its alt data strategy and use of AI tools to boost quant efficiency.
Waters Wrap: The tough climb for startups
Anthony speaks with two seasoned technologists to better understand why startups have such a tough time getting banks and asset managers to sign on the dotted line.
As crypto ETFs become reality, benchmark providers take center stage
The SEC’s approval of the first spot bitcoin ETFs will expose a growing number of traditional market participants to the maturing world of crypto data, a moment that some—such as CF Benchmarks, BlackRock’s benchmark provider—have been eagerly awaiting.
Most read
- Women in Technology & Data Awards 2024: All the winners and why they won
- Witad Awards 2024: Above and beyond award (vendor)—Susan Bennett, Tradeweb
- Fighting FAIRR: Inside the bill aiming to keep AI and algos honest