Data-sharing methods are evolving in the back offices of capital markets firms. While many operations professionals still rely on traditional methods, including file transfer protocol/secure file transfer protocol (FTP/SFTP) to support end-of-day batch processing, the industry is shifting closer to real-time data-sharing and more efficient workflows to accommodate today’s market dynamics.
In light of these developments, Coalition Greenwich, in collaboration with Axoni, explored data-sharing practices of operations professionals at firms consuming and producing data.
In the analysis, “consumers” of data include buy-side firms, banks and broker-dealers that receive bulk trading or post-trade reports. Meanwhile, exchanges, trading venues, market data providers, fintechs, and central counterparty clearing houses (CCPs) are categorized as “producers” of data and are primarily the sources of large volumes of data to their consumers.
