Back office security and data cleanliness are key issues among financial services professionals, a recent study by Tabb Group notes. In fact, poor data quality and difficulties tracking data lineage are the biggest challenges related to traditional instrument identification practices, with 95 survey respondents categorizing it as one of their top three pain points. A new Financial Instrument Global Identification (FIGI) framework could help streamline efforts, but it is not a panacea. Tabb study points to pain points in big data migration, lays foundation for Financial Instrument Global Identification framework In a survey of 180 banks, brokers, central securities depositories…
Tabb Advocates Open Source Financial Instrument Global Identification Framework
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.