Could data management―from managing securities-master files to cleansing reference data―be the next phase in outsourcing? Many industry executives say yes, although they believe it may take some time for vendors to gain the expertise to handle the specific needs of market-data departments on Wall Street. "We've typically seen processes (outsourced) like human resources or payroll, which are horizontal and can be built on economies of scale," explains Tim Lind, a senior analyst with TowerGroup. "When we're talking about data management, companies must explore whether they can get the same kind of service in an outsource market. How do you get a deep understanding of capital markets in an outsourcing environment?"
展开▼
