Regulators are forcing firms to be much smarter about how they manage data
A perfect storm is gathering in the world
of market data management – firms should act now to
get their house in order, by Michelle Ansell, managing
director, consultancy CJC Commercial Management
A major problem is brewing for all
consumers of market data across the buy and sell sides.
Mismanagement of market data, and its associated costs,
represents a poorly understood-yet-rapidly-growing area of risk
that – if left unchecked – will have wide
Market data management is a bit of a niche
area within the industry. While market data is definitely on
the radar of senior management due to the sheer cost involved,
the C-level is typically less aware of the nitty gritty when it
comes to the consumption of data within applications across the
organisation. But the devil is in the detail, and it is here
where the serious risk lies, and where the implications of poor
delivery are so damning. And now firms are facing a 'perfect
storm’ of factors that threaten the sustainability
of many existing structures and practices.
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