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Goldman Sachs, JPMorgan Chase, Morgan Stanley Join with SmartStream to Create New Reference Data Utility

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5 October 2015
United Kingdom

Utility to provide capabilities to mutualize operations and technology cost Goldman Sachs, JPMorgan Chase and Morgan Stanley today announced they have joined with SmartStream to create a new Reference Data Utility. The SmartStream Reference Data Utility, informally known as Securities Product Reference Data (SPReD), will provide services for instrument reference data normalization and validation across all asset classes. The founding banks will also become clients of the utility.