Special Report

Buy-Side Technology

Before the financial crisis, buy-side firms largely linked risk management to regulatory requirements, but the function has taken on new urgency apart from pressure from the regulators. “No hedge fund is going to get money from an investor unless they have an effective risk management system in place,” says Blaise Labriola, managing director of technology provider Altaira. As funds take a renewed interest in counterparty and operational risk, they will invest considerable money in risk systems in order to raise capital, he says. “Beefing up risk management is a selling point for them now.” Also in this report: Current market conditions have given a boost to BidRoute, a platform that automates program trading; Europe’s Markets in Financial Instruments Directive may not guarantee best execution; and more.

Contents

Where to Spend in a Time of Crisis

European Buy Side Wrestles With Best Execution

BidRoute Placing Bet on Program Trading Automation

The New Risk Management Tool Kit