Smart Sourcing empowers stakeholders in the market data chain, from on-boarding to end users, Sources to distribution, distribution to the end user, raw, derived and historical display and non-display both up and downstream.
Smart Sourcing guarantees the pre-qualification of new sources and services, verifies and validates existing sources and services, entirely eliminating cost inefficient duplication and wasteful expense.
It provides for vendor management to support compliance and data stewardsh...
Data Governance defines decision rights, obligations, accountability, and access for information related processes, that are defined and conducted by established models outlining who can take what actions with which information, when, under set circumstances, using specific methods.
A Real World Definition
Data Governance ensures intellectually property rights are protected to maximise revenue for IDC and its data sources through effective policing of permitted data usage.
Each Exchange and data Source has their own suite of unique Licence Agreements and data Policies. These Licence Agreements are a snapshot in time, and if not updated often do not reflect what clients are actually doing with the Exchange/Source data. This means usage rights can be different, and the associated terms and definitions are not standardised.
What are the problems?
There is a severe deficiency of ANY standards in the market data industry. For example: how Exchanges/Sources define Derive...