Market Data Management: A Survey
In an industry-wide survey produced by Celent Communications, in conjunction with Iverson Financial Systems and Inside Market Data, a Risk Waters publication, this report examines today痴 major data management issues.
Outsourcing Opportunities Look Promising
The survey was sent to two industry segments: the clients that use market data and the suppliers that sell data and data-related services to the clients. Most of the analysis is focused on the client segment so that we can better understand the needs and demands of the data users.
"Our survey indicates that there are growing demands on internal market data management groups in terms of improving data quality, usability, service, and timeliness. Unfortunately, this is happening when continued dismal market conditions have put additional pressure for cost-cutting measures," says Celent analyst, Sang Lee the lead author of the report. Lee adds that, "The survey data indicate that, in order to provide high-quality data in a cost-effective manner, an increasing number of firms are exploring ways to outsource a part or all of their data management operations."
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Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned subsidiary of Marsh & McLennan Companies [NYSE: MMC].
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|Boston, MA, USA May 15, 2003|
Market Data Management
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