Designing Financial Data Architectures

Chapter 6. Designing Financial Reference Data Architectures

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Having established the critical role of reference data in the financial ecosystem, we must now confront its primary drawback: its management. For years, reference data management has been recognized as one of the most complex issues facing financial markets. At the same time, market participants are under increasing pressure to manage their reference data to streamline operations, optimize workflows, meet regulatory requirements, and respond to new business needs.

In this chapter, you’ll be guided through a step-by-step framework for designing a financial reference data architecture that aligns with your organization’s needs. The sequence of steps you’ll follow throughout the chapter is illustrated in Figure 6-1.

Figure 6-1. Steps to Designing a Financial Reference Data Architecture

To give you a sense of where this process leads, Figure 6-2 presents a high-level view of a typical financial ...