Ajay Kotkar, CEO Asia Pacific and Global BFSI head, Omnitech Services, offers guidance on selecting an appropriate data management solution.
Success in the financial services industry has always hinged on the ability to access high-quality market data and distribute it in relevant formats to decision-makers, in a timely and cost effective manner. Simplistic, as it may sound, for most organizations relying on market data feeds for their business, this is a never-ending mission. In addition, the credit crisis of 2008 further amplified the need in capital market organizations to better manage their market data, both for de-risking investment portfolios and for regulatory compliance. Although historically, organizations addressed data management issues as and when they became pertinent; today, the business case to outsource data management services is stronger than ever before. If implemented well, integrated market data management services can reduce errors, mitigate risks, improve efficiencies, lower operational costs and return strategic business benefits in the long run.
