Committee to Establish the
 
National Institute of Finance
Providing the data and analytic tools needed to safeguard the U.S. financial system
Home FAQs: Role of the NIF Value and cost How would the NIF affect the commercial data vendors?
How would the NIF affect the commercial data vendors?  E-mail

By establishing and maintaining reference databases for financial entities and financial instruments and making these available to the public, the NIF would subsume a function currently carried out by commercial data vendors. For these vendors, the maintenance of reference databases constitutes an expensive necessity, rather than a substantial commercial opportunity. The standardization of reference databases would lower costs for the financial data vendors, allowing them to focus their resources on higher-value activities.

Last Updated on Wednesday, 10 March 2010 13:01