Survey: Buy-Side Firms Pick Software Favorites

Dec 10 2013 | 11:48am ET

Advent Software is the portfolio accounting product of choice for 54% of the 538 buy-side firms polled by Boston-based hedge fund IT specialist Eze Castle Integration.

Eze's 2013 Global Technology Benchmark Study asked respondents in the U.S., UK and Asia to name their preferred technology solutions in a range of categories including market data, portfolio accounting, order management, archiving, mobile technology and more.

Bloomberg dominates the market data and analytics category, chosen by 92% of firms for the former and 82% for the latter.

Eze's own OMS continues to lead the order management system category while Global Relay topped the message archiving category, claiming 82% of respondents.

Struggling BlackBerry remains the top choice of 92% of respondents in the mobile category but the adoption rate of Apple devices has risen steadily from 10% in 2011, to 30% in 2012, to today’s 42%.

One blank spot in the survey was research and document management: 55% of respondents do not currently use a formal RMS tool.

“As the global leader in hedge fund IT, Eze Castle Integration is committed to educating the alternative investment market about the various technologies available to effectively and efficiently run their business,” said Bob Guilbert, managing director of Eze Castle. “With the insight from our annual benchmark survey, hedge fund managers are empowered to select technologies and service providers that will best support their companies.”

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