Reference Data's Dirty Little Secret

It turns out reference data standards will make it easier for customers to switch data vendors. There are growing whispers about how positively vendors will view that.

User groups have been formed, cooperation has been fostered among them and there seems a general mood of consensus in the effort to further define and map the protocols to develop industry standards for reference data.

But what no vendor acknowledges — yet almost everyone else is discussing — is a concern that vendors will not see reference data standards as being in their best interest.

"Where the vendors get concerned is around how proprietary their documentation and format is, and how they

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