Announcing the findings Paul Wiltshire of CityIQ observed. âThis survey covered a lot of ground and the report gives numerous insights into what the Buy-Side thinks and what they buy side wantsâ
â¢ 95% of respondents identified operational risk as being a key objective, with 75% describing it as being extremely important.
â¢ 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.
â¢ 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.
â¢ 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.
â¢ Buy-side firms with multiple custodians are stuck with multiple. As a result the idea of a single sign-on portal garnered strong support.