Price Transparency
The Drive for Transparency
Validation processes are scrutinized, assumptions are questioned and sources are closely monitored. In the new pricing market, there is growing pressure on vendors and firms to offer increased transparency and accurate prices. The pricing methods and control checks adopted a few years ago now fail to meet the new requirements, and everyone is being asked to up their efforts.
London-based Matthew Cox, head of securities data management, Bank of New York Mellon, said the credit crisis has played a
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