Data Tsunami About to Hit Shore

The following appeared on securitiesindustry.com in December 2009.

As financial firms consider just how to keep their budgets lean and mean in 2010, they will be facing pretty tough challenges in complying with the requirements of the so-called financial reform. Particularly when it comes to managing the data involved.

That means more spending on reference data for not only equities and fixed-income instruments but over-the-counter derivatives as well, says Ben Keeler, a director with Citisoft. Independent valuation firms will also gain in popularity as firms try to validate their own calculations.

The full article can be found here  http://www.securitiesindustry.com/blogs/-24432-1.html