The pursuit of big data has led to an increase of companies keeping older files they would have previously discarded, confirms Scott Gillespie, expert on regulations and compliance and senior VP of business analysis at Quadron Data Solutions.

There is a six-year retention requirement of client account data, he explains. Account records, trades, holdings, profile information, goals and objectives and so on fall into this category. There are three reasons these records, which have historically been discarded with regularity, are now starting to stick around. ... Read full story on Wall Street & Technology

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