Outsourcing investment data management: Experiences with the tendering process

Bruce Russell
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Bruce Russell: Executive Director, Shoreline Asset and Wealth Management Consulting, Australia

Journal of Securities Operations & Custody, 2021, vol. 14, issue 1, 72-77

Abstract: This paper explains why Custodians have demonstrated a significant interest in offering Data as a Service (DAAS) to their Clients on the basis that they should be in a prime position to provide a compelling offer. Notwithstanding this, Custodians have not yet fully delivered to their potential, and we explore why this is the case and what some of the specific barriers are. Understanding these limitations, we then present the reader with a ‘checklist’ that they can use when considering appointing Custodians for DAAS. The reader should expect to understand what current limitations exist with respect to Custodian DAAS and how they can assess these via a tendering process. Further, Custodians can consider these observations and consider what changes they may be able make as they further develop their DAAS offer to the market.

Keywords: InvestmentData; Data as a Service; Custodian; DAAS (search for similar items in EconPapers)
JEL-codes: E5 G2 K22 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jsoc00:y:2021:v:14:i:1:p:72-77

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