Asia-Pacific Tour Diary 1
In Sydney, for today's first of SIIA/FISD's Asia-Pac 2012 events, while preparing to moderate a panel discussion on obtaining high-quality reference data for risk mitigation, I heard from Tim Chamberlain, vice president of data strategy and operations, Asia-Pacific at Standard & Poor's, about the rating agency's use of outsourcing and offshoring to obtain that high quality in its data.
S&P recently established new data operations in India and China, with 700 staff in three locations—Mumbai for ratings, Delhi and Hyderabad for the S&P Capital IQ unit. India offers a well-educated, smart and motivated pool of staff to draw from for data work, Chamberlain finds. S&P's China data operations in Shanghai and Beijing provide a geographic advantage by putting the company closer to the market, in the same language, explains Chamberlain.
Japan, in contrast, has always been more difficult for the data business because of the language barrier for data, with financials not being reported in English. In India, for example, English language does work for data operations, notes Chamberlain. The question of suitability of different countries for data operations appears to have surpassed the cost considerations in the Asia-Pacific region, he says.
At one time, cost alone might have been enough of a deterrent to placing data operations in Japan, but the increasing importance of language and geography has made the market even more challenging, it now appears. In a way, this is a contrasting Asia-Pacific view of the cultural challenges of the Japanese market, or an opposing take about that market, but one having to do with something other than only regulation.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
Bloomberg ups focus on quants, intraday strategies
The vendor hopes its OHLC Bar data product will woo new audiences among quant traders and analysts, who have previously had to painstakingly build solutions in-house.
CBOE and Aquis to make bid for European equities tape
The challenger exchanges have plans to become the second public bidder for provider of the European equities tape, following EuroCTP’s incorporation last year.
DORA stalls over identifier dispute
A disagreement over how to classify third-party tech providers on a reporting form known as the “register of information” has held up preparations for the highly anticipated operational resiliency rule in Europe.
FactSet unveils Data-as-a-Service offering
The vendor is introducing the suite of managed services for more efficient data management as emerging technologies, like GenAI, require more from datasets.
Moral models: The ethics of data management
The IMD Wrap: You may be managing data efficiently, but are you managing it ethically? And is that something you should be concerned about? Yes, says Max, you should.
Footsteps in the dark: Private markets’ data quality “problem”
Data quality in the private markets is poor. But is this a quirk of the market or a problem that needs fixing?
Deep in the heart of Texas, market data vets sweat the talent gap
The secrets to unlocking all of market data’s questions and the antidote for all its ills were discussed in Texas last week. Unfortunately, we promised not to tell—not all of them, anyway.
Fidelity’s quantum exploration unites theory and proof
The asset manager and Amazon have teamed to put a quantum twist on machine learning.