Risk Management, Cost Control, Standardisation, and a little help from the industry…

London - 3 November 2011

The results of a comprehensive survey of the Buy-Side have just been announced. The survey, carried out by CityIQ, looked at the challenges facing the Buy-Side in 2011 and those areas where the industry needed to change going forward.

Announcing the findings Paul Wiltshire of CityIQ observed. “This survey covered a lot of ground and the report gives numerous insights into what the Buy-Side thinks and what they buy side wants”

Survey highlights:

• 95% of respondents identified operational risk as being a key objective, with 75% describing it as being extremely important.

• The Buy-Side wants to see more done around standardization. When asked what they most wanted from Custodians, Prime Brokers and Executing Brokers the survey population opted for for increased standardisation as the prime requirement from each group.

• Operational performance reporting continues to grow in importance. Clients are asking for more information as part of their regular information exchange; STP providers are offering more as part of the service they provide.

• Respondents believe there are still plenty of opportunities to drive down costs. Technology, process improvements and standardisation were all highlighted as areas were savings could be made.

• Buy-side firms with multiple custodians are stuck with multiple. As a result the idea of a single sign-on portal garnered strong support.

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