Reporting complexity forcing buy-side to outsource data services

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MarketConditionsMany buy-side firms that we are speaking to are anticipating the greater pressures of complying with the impending MiFID II reporting requirements and the diverse and complex data required to complete them. The key to meeting these new requirements is to have an effective data management strategy and solution in place and increasingly firms are looking to outsource data services for the right technology and expertise. By deploying an effective data management solution, firms have the ability to also harness their expanded data capability for other purposes including more effective marketing and client servicing efforts.

This article by The Trade is yet another example of how buy-side firms can turn greater regulatory requirements into competitive advantages by deploying data management solutions.