Firms need flexible access to the reference data required to ensure workflows can proceed without interruption. ‘One-size-fits-all’ bulk data licensing models are increasingly less fit for purpose.
Emerging solutions with the potential to decrease the cost of data and increase flexibility of access are data delivery mechanisms based on collaboration tools such as Slack, Microsoft Teams and Excel, the Symphony messaging network and OpenFin financial desktop integration platform. These tools, coupled to new commercial models, could break the traditional data delivery mould and deliver on-demand data services.
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