Re-Defining Managed Services
![michael-shashoua-waters michael-shashoua-waters](/sites/default/files/styles/landscape_750_463/public/import/IMG/317/167317/michael-shashoua-waters.JPG.webp?h=acfe3244&itok=ceJMABf4)
Managed services have been around awhile in the reference data space, but more recent uses developed for market data and trading may be bouncing back to change the way managed services are applied to reference data operations, according to service providers speaking in a panel discussion at the FISD Real-Time Technology Roundtable on September 18.
Xignite's Trevor Vale said deploying cloud resources for managed services adds layers of service for reference data operations. With greater resources offered by the cloud, this provider can optimize the use of reference data and reduce costs at the same time. "It can be viewed from the perspective of outsourcing certain functions of the business, like using a third party to handle the storage of data," he said. "It's saving you IT costs because you're reducing infrastructure and giving your data to someone else to store on your behalf."
Firms have been taking "snapshots" of reference data at intervals to produce workflow for hosted, managed services format environments for years, according to Mark Wright, vice president, managed services, NYSE Technologies. Now, however, a firm outsourcing enterprise data management (EDM) into a managed services environment can save on costs, he added.
Managed services may also be a way for reference data operations professionals to meet the challenge of tying sets of content together, as Matthew Spedden, vice president, product and content group, S&P Capital IQ, sees it. "It all points to one thing—do I buy or sell a security? The more we can tie our content and services together, the better the picture we provide back to the client," he said, noting that the content includes ratings, research and estimates.
Instead of taking "snapshots," the new managed services model for reference data looks more like a single pipe or single connection, providing everything, according to Spedden. As Inside Reference Data has noted in our coverage (see this portion of a May 2013 feature), the demand for reference data has been moving steadily closer and closer to real-time. That in turn appears to be changing the old time-honored definition of managed services for reference data.
On another note, Inside Reference Data and Inside Market Data are preparing to present the European Financial Information Summit in London on September 26. Watch for our coverage here, and for the conference buzz on Twitter at #EFIS2013.
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.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
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. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
$135.6m fines prompt Citi to modernize infrastructure, controls
The bank was hit with a combined $135.6 million fine on Wednesday for failing to resolve “longstanding internal controls and risk issues,” amid continued internal work across the enterprise.
SocGen pushes data, analytics use cases for SG Markets
The bank is letting a handful of clients experiment with its proprietary data and models to inform their research.
Finra clears hurdle with CAT launch, but several others remain
Two major components of the consolidated audit trail are now in place. But wrangling over the CAT’s future continues.
Ace high or busted flush? Digital Asset’s mixed fortunes mirror DLT adversity
The vendor hoped to remodel post-trade using blockchain technology—and it still might—but its bumpy progress raises questions over the future of DLT in finance.
The IMD Wrap: It’s the data, Cupid!
As BlackRock buys Preqin, and LSEG strikes a data deal with Dow Jones, Max notes that in data, strange bedfellows breed valuable offspring.
This Week: BlackRock/Preqin, Trading Technologies, FIA Tech and more
A summary of some of the past week’s financial technology news.
US banks seek to open vendors’ black box on green data
Inaugural Fed climate scenario analysis flags lack of transparency around third-party models.
IEX Cloud closure forces fintech clients to seek data alternatives
IEX says it is ditching its unprofitable data arm to focus on its core exchange business, but other vendors believe they can turn a profit from its former client base of fintechs, retail investors and some institutions.