Tom Secaur discusses with Ignites how fund managers are investing in their front office technology as vendor offerings evolve in light of recent M&A.
The fact that big managers are consolidating their systems is “big news” with ripple effects for the entire front-office tech and ops space, says Tom Secaur, COO of Citisoft. That’s because for years, many of these managers have prided themselves on their “best of breed” approach to using multiple trade order systems for each asset class.
“Firms are saying, ‘Does it make sense to incur all of these costs and integration barriers with separate systems?’ And people are even saying, ‘Is order management the next thing to be outsourced?’” Secaur says.
