Xenomorph Whitepaper Highlights Traditional Data Ownership Challenges

by Carla Mangado

Latest Xenomorph whitepaper highlights traditional data ownership barrier remains challenge for centralization initiatives

Organizations are still struggling with the political change necessary to adopt an enterprise-wide data management centralization approach, according to the whitepaper Rates, Curves and Surfaces, GoldenCopy Management of Complex Datasets, released by analytics and data management software provider Xenomorph today.

The whitepaper states that while firms do want "a complete firm-wide view of risk that cuts across asset classes, trading divisions and locations," many continue to struggle with a disorganized approach.

New York-based Brian Sentance, CEO at Xenomorph, says: "The impact of the crisis has pushed for a breaking down of some of the silos that existed between the different business units within firms....organizations that have been through the process of getting their derived data managed centrally have faced a political battle as well as a technical challenge."

"The firms that undergo the centralized approach initially have to overcome the fact that each individual department is used to dealing with the data in a specific manner...trying to wrestle that away from teams is part of that political battle," he explains.

According to the whitepaper, for example, the fact that rates and curves management tend to be neglected functions falling between reference and market data, pricing models and trading and risk systems can lead to "a disorganised hotchpotch of tactical spreadsheets, files and access databases to fill this gap and provide the rates and curves data that downstream systems, processes and people require."

Sentance also explains that one of the main themes he is seeing at the moment is the merging of market data and reference data. "From a business perspective, the end-consumers of the data - particularly in a risk management function dealing with assets from all the different departments and looking at a variety of different instruments - need to view both types simultaneously," he explains.

View this article on the Inside Reference Data website.

Download the Rates, Curves and Surfaces whitepaper.