Results show that derivatives systems and client reporting are top of buy-side technology agenda
SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today released the results of a buy-side technology priority survey conducted in December 2012. The survey polled nearly 70 executives from close to 50 buy-side firms across North America.
The SimCorp survey gauged respondents’ opinions on where their firms would be making new technology investments or upgrades within the next two years. Poll results revealed that over 32% of the investment industry plan to invest in new or updated derivatives systems, likely in reaction to the regulatory changes in the OTC derivatives processing space. Approximately 31% of respondents are investing in client reporting.
Additionally, 28% of respondents indicated that building an investment book of record (IBOR) to centralize position-keeping across all assets is priority this year. “Given the interest we see from clients it is no surprise that derivatives systems and client reporting are at the top of the list. We are, however, very pleased to see the continued focus on having a solid investment book of record, as that is the backbone of any reliable investment management system,” states Klaus Holse, CEO of SimCorp.
Sean Owens, Director of Fixed Income and Derivatives at Woodbine Associates, comments, "While it is no surprise that derivatives systems top the list, the real question is what approach will firms take to processing derivatives? If firms take a derivatives only system approach, without leveraging the available funding for multi-asset class system capabilities and the IBOR, then there is a missed opportunity for a 360 degree view into asset and exposure tracking.”
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Enquiries regarding this announcement should be addressed to:
Lars Bjørn Falkenberg, Senior Vice President Global Marketing & Communications, SimCorp A/S, +45 26 30 01 27
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Since 1971, SimCorp has been providing investment and portfolio management software and services to the world’s leading investment managers, asset managers, fund managers, fund administrators, pension funds, insurance funds and wealth managers. SimCorp’s world-class software provides global financial organizations with the tools they need to mitigate risk, reduce cost and enable growth. SimCorp is a global company, regionally covering all of Europe, North America and Asia Pacific. Listed on the NASDAQ OMX Copenhagen, SimCorp is dedicated to supporting the global investment management industry, its clients and its investors.