Business Intuition

Firms Show Little Interest in Third-Party Data Utilities, Survey Says

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‘Skepticism’ about shared services model seen as reason why only 11% of 133 firms responding to survey are considering third-party shared services.

A distinct minority of firms globally are considering implementing a utility for such challenges as know-your-customer data management. A study released in late October by Accenture and Greenwich Associates, titled “Solving the Reference Data Disconnect,” canvassed 133 firms on the buy- and sell side about their reference data challenges. Just 11% said they were considering going with a third-party…

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David Csiki

Author

David Csiki is the Managing Director and President of INDATA, a leading industry provider of software and services for buy-side firms including trade order management (OMS), compliance, portfolio accounting, and front-to-back office technology solutions. Prior to joining INDATA, Csiki was Manager of Marketing and Investor Relations at NYFIX, Inc. and was instrumental in developing the product concept and planning the successful launch of the company’s flagship product, NYFIX, a FIX broker network.