Buy Side Grappling with Derivatives Processing Workarounds
Of the 135 executives from 84 North America-based capital markets firms surveyed, a staggering 82 percent say they must create workarounds in the middle and back office to support their derivatives business.
David Kubersky, managing director of SimCorp North America, says many of these workarounds involve retrofitting legacy systems to support the firm’s new entrance into the derivatives world.
"A lot of these workarounds are because their existing systems just can't support the asset class,"
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