whitepaper cover image

The reference data revolution: How firms can leapfrog legacy technology

Is there a blueprint for delivering and handling market reference data which would allow firms to take advantage of new technologies without instigating massive change management programmes?

To find out, we asked experts from data suppliers, technology providers, industry figures and some of the people directly responsible for keeping their firms’ reference data pristine and easy to access.

We hear from Mark Woolfenden, Managing Director at Euromoney TRADEDATA, Matthew Cheung, CEO of ipushpull, Krishna C. Nadella, Global Head of Solutions at Symphony Communication Services, Anupam Bansal, Head of Change and Product, Instrument Reference Data at JP Morgan Chase, Choon-Teck Lee, Business Project Manager at UBS, and John Macpherson, Deputy Chair of the Investment Association Engine panel.

They offer a unique collection of perspectives on best practice, while also describing a world where leapfrogging into the future need not be as daunting as people might think.

Key findings in the report include:

  • Trading companies are increasingly moving away from traditional methods of distributing data, using an app-based approach to data consumption and more fully embracing the cloud.

  • Legacy technology is one of the biggest obstacles to moving towards an integrated workflow but financial firms need not necessarily think about a major system overhaul to modify their reference data operations and workflow.

  • Firms that see data and workflow as part of the same coin will have an edge in capital markets in the coming years. 

Download the full report


Related Insights

  1. Article
    In the continuing absence of single, global identification and transaction messaging standards, the challenges of managing reference data are many and varied, since every data point may be subject to multiple interpretations - and indeed uses - in different contexts.
  2. Article
    It is a truth universally acknowledged that faulty reference data is, today, one of the key contributors to regulatory reporting failures.
  3. Article
    Reference data plays an increasingly critical role in the smooth running of global financial markets, touching on every part of the transaction lifecycle.