Reference Data's Newlyweds
In June, we heard a rumor that counterparty data vendor Avox was being bought by a company with a name starting with a “D.” In July, it was announced that the “D” stood for “Depository”—as in the Depository Trust & Clearing Corp. (DTCC).
The acquisition was big news for the reference data community. In fact, it was “great news,” according to one reference data manager.
One reason for the positive response is that the DTCC could potentially operate a reference data utility for the financial
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