About a-team Marketing Services
The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Events Register Reference Data on The Barometer Of Industry Concerns

Subscribe to our newsletter

For many involved in the financial technology industry, the arrival of the DWT Show is like the hearing the first cuckoo, a sign that Spring is in the air. It’s been an age since the Christmas party season, and DWT is perfectly timed for getting out and meeting colleagues in both the formal parts of the event and the following social scene.

Since its inception in the mid 1990s, the show has also been a good barometer of the concerns of the industry, with its scale allowing the visitor to get a feel for things that is perhaps lost at the larger events like the SIA technology show or the circus that Sibos has become. Attendees at the early DWT events were very concerned with the plumbing: there were still several competing market data delivery platforms, and the Internet was starting to appear on people’s radar as a potential delivery mechanism. Hard to imagine now that there wasn’t a website for those early shows. This year, it’s clear that reference data is going to be high on the agenda for many attendees and exhibitors, who include Asset Control, Cicada, Moneyline Telerate, IPUG and Thomson Financial, among others. Among the vendor presentations are sessions by Telekurs, on clean reference data, and Cicada on the ‘build or buy’ question. Another contrast with the earlier shows is that all of those vendors operated heavily proprietary systems. Walk around the show and talk to the reference data vendors, and you’ll hear a lot of talk about standards – proper long-trouser International Standards Organisation standards, with all that that entails for their future development and maintenance. There has been a lot of work going on in assorted committee rooms, some of it numbingly tedious no doubt, to get us this far, but in the past year the whole process has accelerated astonishingly. Over this year, developments will be more visible, and therein lies the problem, as we report this issue. Organisations like the ISO have a whole set of hoops to go through before they endorse anything. It’s the nature of the beast, and it is important that the industry, in its rush to solve business problems, does not lose sight of the ISO process. Those involved are clearly aware of the issue, but as increasing numbers of vested interests join the party it may prove hard for them to resist the temptation of a quick fix that would have repercussions in the longer term. Oddly enough, it’s rather reminiscent of how Unix appeared from Bell Labs as a universal operating system, only to fall into the gap between the commercial demands of vendors and the efforts of the standards bodies, fragmenting to the point where there were actually 180-plus incompatible versions. The topic of standards was also top of the agenda at another event being held across the pond as we went to press: FISD’s XML for Market Data event. The event is aimed at examining the critical role of reference data standards for securities master files and STP automation applications. Our friends at the FISD hope to bring together what it sees as three core elements of automated securities processing – reference data, MDDL, and data element identification – with XML for market data. And so it is, with a Spring in our step, we anticipate worthy discussion, argument and agreement as the industry enters this event mini-season.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to optimise the business value of your data using agile data governance

Data governance is transforming from a risk management and compliance tool with limited and prescriptive controls, to a solution that can help you optimise the business value of your data. In this role, data governance must scale to manage rising volumes of data, more and different data types, and changing user requirements, while continuing to...

BLOG

Bloomberg Wins A-Team Group Award for Most Innovative ESG Data Solution

Bloomberg has won the award for Most Innovative ESG Data Solution in A-Team Group’s Innovation Awards 2022. The awards celebrate innovative projects and teams across vendor and practitioner communities that make use of new and emerging technologies to deliver high-value solutions for financial institutions in capital markets. Bloomberg’s ESG data solution was selected as a...

EVENT

TradingTech Summit Virtual (Redirected)

TradingTech Summit (TTS) Virtual will look at how trading technology operations can capitalise on recent disruption and leverage technology to find efficiencies in the new normal environment. The crisis has highlighted that the future is digital and cloud based, and the ability to innovate faster and at scale has become critical. As we move into recovery and ‘business as usual’, what changes and technology innovations should the industry adopt to simplify operations and to support speed, agility and flexibility in trading operations.

GUIDE

Connecting to Today’s Fast Markets

At the same time, the growth of high frequency and event-driven trading techniques is spurring demand for direct feed services sourced from exchanges and other trading venues, including alternative trading systems and multilateral trading facilities. Handling these high-speed data feeds its presenting market data managers and their infrastructure teams with a challenge: how to manage...