SPReD Utility To Focus On Operations

Sell-side backed venture addressing reference data handling rather than sourcing

hubert-holmes-interactivedata
Hubert Holmes, managing director of reference data, Interactive Data

SPReD (Securities Product Reference Data), the reference data utility backed by J.P. Morgan Chase, Morgan Stanley and Goldman Sachs, with infrastructure to be provided by SmartStream, could be seen as an operations utility more than a data service, and a venture that has a greater chance of succeeding than firms' separate internal efforts, according to industry observers and data services professionals.

"The costs of reference data operations and assorted similar activities are an order of

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