Data Management (Enterprise & R/T)
Regulatory mandates and competitive differentiation are driving investments in market and referential data quality, low latency solutions and measurement, archiving, transaction cost analysis and more.  As such, market participants are creating EDM repositories for multi-source data and sophisticated, fast messaging infrastructures. They seek to balance cost, scope and quality concerns to optimize data acquisition, distribution as well as to enhance content and quality through cleansing, validation and enrichment.

Exchanges & Alternative Trading Systems (ATS)
Successful exchanges will require substantial economies of scale, IT and operational excellence and effective merger integration.  Additionally, these exchanges will foster growth and diversification across products, markets and geographies while optimizing cost and quality of regulatory oversight.

Risk & Regulatory Services
Industry regulatory mandates such as Basel II, MiFID, Anti-Money  Laundering, Reg NMS and others necessitate IT spending and process transformation to comply with and monitor adherence for penalty avoidance and/or to capture market opportunities.  As a result, clients are assembling internal teams supplemented with external specialty resources to plan and execute transformation programs.

Trading & Transaction System Services
Single asset class trading systems have become competitively unsustainable given duplicative cost of operation and enhancement, as well as complexity and divergence with current trading strategies.  As such, clients are installing trading systems capable of handling advanced trading strategies, risk management, compliance and back office integration across a range of asset classes and geographies. Lines are converging between OMS and advanced EMS to seek out both “light” and “dark” liquidity pools.

Wealth & Asset Management Services
Wealth and asset managers must offer a greater range of alternative investments and advanced hedging and trading strategies, requiring new OMS/EMS systems.  Usage of Direct Market Access (DMA) is imperative to minimize total cost of trading and stimulate returns.  In addition, baby boomer retirement demographics are driving investment in retirement advisory solutions, moving beyond one dimensional focus on asset accumulation.