The embrace of buy-side interoperability

Brad Bailey, research director for capital markets at research and advisory firm Celent, describes this trend among rival vendors working together as “co-opetition,” an agreement where separate providers believe a value proposition is worth more to a client by cooperating than by doing business individually. Bailey says vendors know they cannot do it all on their own; in other words, no single vendor can develop best-of-breed solutions for all components of the trade lifecycle and peripheral tools, such as specialized risk models or analytics.