Exam CDMP-RMD Topic 6 Question 44 Discussion

Actual exam question for DAMA's CDMP-RMD exam
Question #: 44
Topic #: 6
Can Reference data be used for financial trading?

Suggested Answer: E Vote an answer

Reference data plays a crucial role in financial trading. It includes data such as financial instrument identifiers, market data, currency codes, and regulatory classifications. Despite the dynamic nature of financial trades, reference data provides the necessary static information to execute and settle transactions. Industry estimates suggest that approximately 70% of the data used in financial transactions is reference data, underscoring its importance in the financial sector.
References:
* DAMA-DMBOK: Data Management Body of Knowledge (2nd Edition), Chapter 11: Reference and Master Data Management.
* "The Data Warehouse Toolkit: The Definitive Guide to Dimensional Modeling" by Ralph Kimball and Margy Ross.
* Industry publications and whitepapers on reference data management in financial services.

by Nina at Nov 17, 2025, 07:05 AM

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