Derivatives systems and client reporting are top of buy-side technology agenda, results of a recent SimCorp survey reveal.
SimCorp has released the results of a buy-side technology priority survey conducted in December 2012.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The survey polled 70 executives from close to 50 buy-side firms across North America.
The SimCorp survey reports on respondents’ opinions on where their firms would be making new technology investments or upgrades within the next two years.
The polling 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 centralise position-keeping across all assets is priority this year.
Klaus Holse, CEO of SimCorp, said: "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."
