NEW YORK--Cap Gemini Ernst & Young estimates that 33 percent of trades fail at allocation, affirmation and confirmation stages. Fifteen percent are failing at settlement instruction, and another 10 percent fail at local matching. The combination of those fail rates and the push to next-day settlement (T+1) is forcing investment managers to make sure their transaction workflows are more efficient and secure.
The above findings are according to a survey of front-office systems that Cap Gemini h
Bill Murphy, CTO of Blackstone, once again joins the podcast to discuss the private equity firm's new offices, designed to house its innovations team.Subscribe to Weekly Wrap emails