Portfolio Systems 2005 Series: Full Suites with FIX Trading

August 17, 2005

Abstract

New York, NY, USA August 17, 2005

Celent anticipates that the global portfolio systems market will reach US$2.2 billion by 2008.

Portfolio Systems serve as the core infrastructure for investment management firms and divisions of banks and insurance companies. In the report " ," Celent compares 12 portfolio systems available in the US and Europe, explores the major trends in the marketplace, and details the latest features and functions of portfolio management systems.

The portfolio systems market is booming as a result of technological advances and new entrants in need of portfolio applications. Celent predicts that the global portfolio systems market will reach approximately US$2.2 billion by 2008, which is a modest 7.3 percent cumulative growth rate from 2005 to 2008 (See Figure 1).

"Portfolio system vendors must capitalize on their breadth of capability and market knowledge -- before Reuters or Bloomberg eat their lunch with scaled down solutions," saidDenise Valentine, senior analyst and author of the report. "Technology providers and broker-dealers have turned their attention to electronic trading, derivative securities, algorithm programs, analytics, and services. The asset manager will find increasing variety in what they can access through the front office and genuine value beyond accounting and management in these suites. Solutions with FIX trading capability and access to trade networks are best positioned for the new realm of ‘service delivery.’ Not surprisingly, it is the midsized asset manager most eager to join in."

The report is the first of a series that will evaluate at least 20 portfolio systems. The following vendors are included in the study: Advent Software, Beauchamp Financial Technology, CheckFree Investment Services, DST International, Financial Models Company (acquired by SS&C), INDATA, Linedata Services, SimCorp, SS&C Technologies, SunGard, Thomson Financial, and Trema Group.

The solutions are evaluated and graded using Celent’s new ABCD analysis, which provides a relative measurement based upon the solutions’ Advanced technology, Breadth of features and functionalities, Client base, and Depth of client service.

"The recent spur in mergers and acquisitions within the portfolio system market does not change the demand for this technology. Financial institutions may shift vendors to access broader capabilities or deeper functionality, but the mergers and acquisitions will more likely combine two systems with mediocre positioning, or a large well-resourced firm with a small firm's innovative product or capability," adds Valentine.

The 61-page report contains 15 figures and 14 tables. A table of contents is available online.

All Members of Celent's research services can download the report electronically by clicking on the icon to the left.  Non-members should contact info@celent.com for more information.

        

Send mail to info@celent.com with questions or comments about this Web site.

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 operating unit of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

 

New York, NY, USA August 17,  2005

Portfolio Systems 2005

Return to report Abstract

Executive Summary 3
Introduction 5
Market Trends 8
ABCD Vendor Analysis  12
  The Results 13
  Advanced Technology 15
  Breadth of Features & Functionalities 19
  Customer Base 28
  Depth of Client Services 30
Vendor Profiles 33
  Advent Software 33
  Beauchamp Financial Technology 34
  CheckFree Investment Services 36
  DST International 38
  Financial Models Company 40
  INDATA 42
  Linedata Services 43
  SimCorp USA 45
  SS&C Technologies 46
  SunGard Institutional Asset Management & Securities Servicing 48
  Thomson Financial 50
  Trema Group 51
Concluding Thoughts 54
  Hedge Fund Seek Infrastructure 54
  Asset Management In Insurance 55
  New Module: Security Valuation 57
  Compliance: Rise of the Phoenix 59
  Trema Group 51
Objectivity & Methodology 60

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