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The reference data revolution: How firms can leapfrog legacy technology

Is there a blueprint for delivering and handling market reference data which would allow firms to take advantage of new technologies without instigating massive change management programmes?

To find out, we asked experts from data suppliers, technology providers, industry figures and some of the people directly responsible for keeping their firms’ reference data pristine and easy to access.

We hear from Mark Woolfenden, Managing Director at Euromoney TRADEDATA, Matthew Cheung, CEO of ipushpull, Krishna C. Nadella, Global Head of Solutions at Symphony Communication Services, Anupam Bansal, Head of Change and Product, Instrument Reference Data at JP Morgan Chase, Choon-Teck Lee, Business Project Manager at UBS, and John Macpherson, Deputy Chair of the Investment Association Engine panel.

They offer a unique collection of perspectives on best practice, while also describing a world where leapfrogging into the future need not be as daunting as people might think.

Key findings in the report include:

  • Trading companies are increasingly moving away from traditional methods of distributing data, using an app-based approach to data consumption and more fully embracing the cloud.

  • Legacy technology is one of the biggest obstacles to moving towards an integrated workflow but financial firms need not necessarily think about a major system overhaul to modify their reference data operations and workflow.

  • Firms that see data and workflow as part of the same coin will have an edge in capital markets in the coming years. 

Download the full report.


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  1. In today's fast-paced financial industry, time is money. Operations teams spend a significant amount of time manually retrieving and reconciling data, which can be both tedious and error-prone. To address these challenges, ETD has developed the TaDa chatbot on the Symphony platform. In this blog, we look at the many efficiencies chatbots are bringing to financial services businesses and how, by connecting ETD’s reference market data to them, they’re a game-changer for staff.