Applications of Reference Data to the Middle Office

Increasing volumes and the complexity of reference data in the post-crisis environment have left the middle office struggling to meet the requirements of the current market order. Middle office functions must therefore be robust enough to be able to deal with the spectre of globalisation, an increase in the use of esoteric security types and complex investment strategies, as well as rising transaction volumes. This has led many from the buy side and the sell side to consider outsourcing strategies for some of these functions, offshoring, in-house development or the acquisition of new vendor technology.