Data 2012: NY Market Intelligence – FUTURE CITY
Following our FUTURE DATA event in New York in February 2012, our FUTURE CITY: DATA 2012 – New York market intelligence report can be ordered using the form below.
This FUTURE DATA report extends the theme of the earlier FUTURE CITY reports, all of which highlight the importance of data management across every aspect of an institution’s operations, from trading, risk and analytics to regulatory compliance, payments and settlement. In short, data management in all its different forms remains a fundamental priority, underpinning most strategies for technology change.
Highlights from the report:
- Data management & key business functions – Customer service and compliance/regulatory reporting achieved the highest scores in terms of data management functions. A focus on data management for payments and settlements among the buy side suggests that it is catching up with the more advanced (in general) sell side.
- Key issues & challenges in data management – Common data standards and achieving a ‘golden copy’ of data stand out as being a significant problem for all sectors of the market for a mixture of both political, budgetary and technical reasons.
- Industry viewpoints – Data is now high on the agenda, with part of the solution requiring years of ad-hoc and organic data management infrastructures and policies to be unravelled, although this is not yet reflected in budgetary plans.
- Data technology priorities – The buy side has greater data management priorities around analytics, databases, dashboards and datacentre performance, whereas the standout priorities for the sell side include trading risk, complex-event processing and data caching.