Why keeping reference data current is harder than building it
Most firms invest heavily in building a state-of-the-art security master, then leave it to manage itself. Multi-vendor strategies compound the problem: each vendor has its own methodology and release cadence, and exchanges keep changing how they distribute data, moving from no reference data offering, to end-of-day, to start-of-day, to real-time feeds. Keeping pace with all of this is the recurring challenge Smartstream hears from clients year after year.
Smart Data: managed reference data as a service
Smart Data is Smartstream’s managed reference data service, built on more than a decade of experience managing reference data for buy-side and sell-side firms. Rather than leaving clients to maintain their own security master, Smartstream’s subject matter experts own the data and the process on their behalf, so operations teams can focus on their core business instead of day-to-day data maintenance.
What’s next: a regulatory registry built for agentic AI
With regulatory requirements changing roughly every quarter, Smartstream has built a registry that consolidates regulatory registers from around the world into a single place. The registry is now MCP-enabled, integrating with an LLM of the client’s choice so users can query the data through natural language, part of Smartstream’s move into agentic AI. Watch the full interview above to hear Pallavi Dongre discuss the award win and what it means for clients.
