Recently our CEO Nigel Kneafsey and I had the opportunity to sit down with the CFO of one of the world’s dozen largest hedge funds, who after hearing our pitch, posed a simple question: “If I can really slash my technology spend by perhaps 70% as you suggest, why isn’t every hedge fund doing this?”
Capital Markets CFOs: Are You Reassessing the Cost of Quality IT Operations?
Why indeed are well established alternative investment companies and electronic trading businesses across the broker dealer sector increasingly entrusting their technological operations to service providers when for years they had run it all themselves?
We’re witnessing an undeniable inflection point in the market wherein the alternative investment industry at large is waking up to the fact that they can dramatically cut their IT spend while improving the user experience. Here’s why.
About Options (www.options-it.com):
Options is the leading provider of cloud-enabled managed services to the global capital markets. Founded in 1993, the company began life as a hedge fund technology services provider. More than a decade ago, the company made a strategic decision to become the first provider to offer cloud services to the financial sector. Today over 200 firms globally leverage the Options platform, including the leading global investment banks, hedge funds, funds of funds, proprietary trading firms, market makers, broker/dealers, private equity houses and exchanges.
