Tapping technology – Joel Clark addresses the perennially topical issue of the ASP (application service provider) model across the buy side, and finds that it is not only end-user firms opting for the ASP route – Credit Suisse’s prime brokerage is already

As increasing numbers of trusted buy-side vendors adapt their systems to make them available on ASP (application service provider), there are signs that the technology could spread far beyond the buy side where it began. At least one prime brokerage operation at a large investment bank, has already jumped on the buy-side bandwagon and is offering technology on ASP to its hedge fund clients. Unlike many technology innovations that the buy side eventually adopts from the sell side when they