Exchanging Data - Blue - Digital Technology, Innovation, Computer Network

Increasing efficiency in sell-side reference data management

More than half of tier 2 & 3 banks have an inefficient derivatives reference data management workflow, a study by FOW and Acuiti.io has found.

The study, which is released in a whitepaper entitled Increasing Efficiency in Sell-side Reference Data Management, found that 53% of respondents from mid-sized banks reported their derivatives reference data workflows to be inefficient. This compared with 19% of tier 1 banks and 29% of smaller sell-side entities.

The report surveyed senior executives managing reference data across the sell-side. It seeks to identify the major challenges firms face in processing reference data and explore which data initiatives have the biggest impact on the efficiency of data workflows.

Other core findings in the report were:

  • Using a “golden source” of data across the front, middle and back office had the biggest impact on the efficiency of data workflow, significantly more than how data was processed and structured across an organisation

  • 49% of respondents reported that data errors frequently cause mismatched trades within their organisation

  • 79% of respondents said that data fragmentation in their organisation made integration of new applications a challenge

  • 27% of respondents used Robotic Process Automation or Chatbots in their post-trade operations

The study analyses how reference data is currently sourced, processed and managed across sell-side organisations and looks at the impact each model has on the efficiency of reference data workflow.

Download the full report.

Share

Related Insights

  1. Article
    In the fast-paced world of financial markets, access to accurate data and timely market commentary can be the difference between making informed decisions and missing opportunities. FOW, with its specialist focus and deep knowledge of the world’s futures and options markets, has been at the forefront of providing reference data and market intelligence to industry professionals for nearly 30 years. The launch of the new FOW Professional platform in November will provide a new and efficient way for market participants to access and utilise this wealth of knowledge.
  2. Article
    FOW Professional expands the range of markets that users can monitor. Coverage of 115+ exchanges worldwide includes all the major players, and also captures data from less mature destinations that are becoming increasingly relevant in the global trading landscape, from India to Mexico.
  3. Article
    One of the standout features of FOW Professional is that it brings together FOW’s comprehensive reference data with timely market insights, focused industry analysis and volumes data, to enable users to build a complete picture of market activities and trends.