Editor’s Letter: Spring Cleaning
WATERS SPECIAL REPORT
For a long time, firms have been coming up with creative ways to avoid their reference data management issues and it has been costing them a lot in terms of time, effort and cash. The latest figure floating around the industry is that nearly a third of failed trades occur because of improper reference data. That sort of number instantly grabs the bean counters’ attention.
The good news is that there are a lot of positive trends happening in the financial services community to address the issue.
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