Pricing special report
![pricing14cover pricing14cover](/sites/default/files/styles/landscape_750_463/public/import/IMG/919/291919/pricing14cover-580x358.jpg.webp?itok=f47zT7dN)
Click here to download the PDF
Pain Points
For the Virtual Roundtable in this special report on pricing, Inside Reference Data asked experts what they see as the biggest pain point for pricing and valuation, particularly when trying to be transparent about sourcing.
Their answers covered several aspects, including accessing information, assessing liquidity and independence of valuations. AIM Software's Michael Walford-Grant points to the spread of information across multiple business units or applications as a big reason for difficulty of access and difficulty with getting responses to requests for transparency. Ensuing aggregation of pricing and valuation data can complicate retrieval because data collected from different systems and sources has to be reconciled and made compatible.
Thomson Reuters' Jayme Fagas points to assessing liquidity as the biggest pain point. It requires a lot of moving parts, including overall reference data, pricing assumptions and derived analytics. Particularly with fixed-income securities, priced in aggregate using reference data and performance data attributes, getting transparency for assessing liquidity is a tall order.
On the end-user side, Wells Fargo's Daniel Johnson sees difficulty achieving transparency and making efficient processes for finalizing pricing at the same time. Also, in contending with the AIFMD regulatory mandate for independent valuations, getting such valuations without the influence of fund managers is difficult, Johnson says.
Transparency and independence in pricing and valuations might very well be at odds with each other. Chasing them both might be like chasing one's own tail.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
Facing platform shutdown, former IEX Cloud head buys its assets in 11th-hour bid
Tim Baker, Pedro Aguayo, and a silent partner have come together to purchase IEX Cloud’s assets days before the exchange was to retire all its products on August 31.
New working group to create open framework for managing rising market data costs
Substantive Research is putting together a working group of market data-consuming firms with the aim of crafting quantitative metrics for market data cost avoidance.
Off-channel messaging (and regulators) still a massive headache for banks
Waters Wrap: Anthony wonders why US regulators are waging a war using fines, while European regulators have chosen a less draconian path.
Back to basics: Data management woes continue for the buy side
Data management platform Fencore helps investment managers resolve symptoms of not having a central data layer.
‘Feature, not a bug’: Bloomberg makes the case for Figi
Bloomberg created the Figi identifier, but ceded all its rights to the Object Management Group 10 years ago. Here, Bloomberg’s Richard Robinson and Steve Meizanis write to dispel what they believe to be misconceptions about Figi and the FDTA.
SS&C builds data mesh to unite acquired platforms
The vendor is using GenAI and APIs as part of the ongoing project.
Aussie asset managers struggle to meet ‘bank-like’ collateral, margin obligations
New margin and collateral requirements imposed by UMR and its regulator, Apra, are forcing buy-side firms to find tools to help.
Where have all the exchange platform providers gone?
The IMD Wrap: Running an exchange is a profitable business. The margins on market data sales alone can be staggering. And since every exchange needs a reliable and efficient exchange technology stack, Max asks why more vendors aren’t diving into this space.