The Value of Managed Services for Trading and Risk Management
Capital markets institutions are faced with a challenging balancing act: utilizing new technologies for growth, profitability and risk management while also running their business. The reason is the vast and evolving set of technologies available—and needed—today are becoming increasingly difficult to build and maintain, and most of the world’s financial organizations don’t have the technology budgets, resources, time and expertise required to do so.
Rather than struggle to keep pace with new technology, many organizations turn to managed services providers for help. In this white paper, Benjamin Meyvin, SVP of Managed Services for Numerix, defines managed services in the context of derivatives trading operations, the array of solutions and services available, and the key benefits provided, which include, among others:
- Faster implementation than on-premise software
- Prompt access to the latest technology innovations and business-critical applications
- Faster time to market and increased competitiveness
- Operating budget flexibility
- Helps a firm stay focused on strategic, high-value activities