Adoption of .NET in the Securities Industry: Case Study of Microsoft, CSS and Raymond James

February 23, 2004

Abstract

Boston, MA, USA February 23, 2004

Adoption of .NET in the Securities Industry: Case Study of Microsoft, CSS, and Raymond James

Founded in 1962 and headquartered in St. Petersburg, Florida, Raymond James Financial is one of the largest regional broker-dealers in the U.S. With close to US$19 billion in assets under management, Raymond James has more than 2,100 locations globally with close to 5,000 retail financial advisors.

This case study examines the decade old relationship between Raymond James and Comprehensive Software Systems (CSS). Raymond James was one of the original members of the broker-dealer consortium that helped found CSS, a real-time, front-to-end trading system vendor whose platform is built on the Windows platform. This study looks at the evolving relationship between Raymond James and CSS, as well as a growing presence of Microsoft (a key industry partner for CSS) in the capital markets area. In particular, the study highlights the most recent implementation of the CSS Retail CRM application (built on the .NET platform) at Raymond James.

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Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned subsidiary of Marsh & McLennan Companies [NYSE: MMC].

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Table of Contents

 

Boston, MA, USA February 23, 2004

Case Study of Microsoft, CSS,  and Raymond James

Return to report Abstract

 

INTRODUCTION 3
MICROSOFT 5
  Background 5
  Microsoft's Vertical Strategy 6
  Microsoft and Financial Services 7
  Microsoft in Perspective 10
COMPREHENSIVE SOFTWARE SOLUTIONS 11
  Background 11
  Q Securities Processing Software 12
  CSS and Microsoft 14
RAYMOND JAMES 16
  Background 16
  Raymond James and CSS 19
  Current Project With CSS 20
LOOKING FORWARD 22
OBJECTIVITY & METHODOLOGY 23

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