Poll: Firms use improvised solutions to process derivatives

About 80% of buy-side asset managers in North America are relying on improvised solutions linked to older systems to process derivatives trades, according to a poll by SimCorp. "You can get stuck in this workaround environment, which has huge ramifications," said David Kubersky, managing director of SimCorp North America. "It really begins to play into client confidence in terms of reporting, and it has implications for competitive advantage if it significantly delays your come-to-market abilities in these very important asset classes."

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