20 December 2013
IT strategies evolve
By John Bakie
“Buy-side firms are having to change the way they implement IT strategy in order to cope with rapidly developing business models, according to Oleg Komissarov, senior vice president at DataArt.
Changes to the way firms invest and the regulatory landscape means IT needs are evolving faster and firms face increasing pressure to ensure their IT infrastructure is able to keep pace.
“The equity business is shrinking and many firms on both the buy- and sell-side are now doing a lot more in alternative assets, credit derivatives and FX,” explains Komissarov.
“Regulatory requirements have caused a shift in ownership in buy-side businesses. In the past, it was very much the traders who were in control of the IT, but today IT decisions are far more likely to be influenced by compliance offers and administrators,” Komissarov says.