Data Auditing & Monitoring: Data Monitoring Case Study of an MDM System: Financial Instrument and Market Data Hub.
The Investment Banking industry is becoming very conscious of the need to reduce and if possible eliminate operational risk inherent in the data. At the same time, there are significant efforts to reduce costs on all fronts. In Nomura Securities both of these drivers were particularly relevant in when a decision was made to upgrade a major Master Data Management (MDM) system. Yet, the link between data integration and data quality presented a considerable challenge.
At Nomura Securities, the trading desks heavily relied on the MDM solution for Financial Instrument and related market data for their trading decisions.