The Journey to the Golden Copy

The concept of the "golden copy" of reference data involves creating a trusted set of data for all aspects of the STP process within one organization. A trusted golden copy is necessary because STP depends not on one single application but a series of applications, each of which requires access to instrument, settlement, routing, trade, counterparty and other types of data. Compounding the problem is that regulatory reporting such as that driven by Basel II and anti-money laundering rules is