How TRAction's Extraction, Enrichment And Logic Ensure Good Data Lineage

Regulators are now demanding improved data quality. This is the intent of years of regulatory change in the financial markets and trading space. To support these requirements, it is becoming extremely important to have good 'data lineage'.

Data lineage is being able to see data from its origin to its end point. Creating a golden source (the single, definitive, and most accurate version of data) for transactions data allows firms to utilise regulatory reporting software or services with more ease. All the work being done with the collection and centralisation of quality data from firms can also be optimised for future business operations.

The FCA in Market Watch 81 discussed how data governance is one of the five themes where there are existing issues in relation to the cause of trade reporting errors. Insufficient documentation on data lineage can undermine data integrity used in transaction reporting. Their recommendation was to eliminate the disconnect between