The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

IBOR Systems Will Break Firms’ Internal Information Barriers

Continued increased interest in Investment Book of Record (IBOR) systems will continue to shape front-office trading operations and alpha generation in 2017, predicts Joshua Satten, head of the fintech practice at Sapient Global Markets, the Boston-based business technology and consulting provider.

“IBOR is bringing together front, middle and back office data,” he said. “As we trade electronically and more in real time, the back and middle office bubbles up more into the front office. We also keep seeing IBOR used for better alpha intelligence.”

IBOR, a single trusted source of investment data throughout an enterprise, “doesn’t actually help you make better decisions to make better trades,” said Satten. “IBOR is really about middle- and back-office data — analytics; was the trade confirmed; what’s the price and valuation.”

Whether firms call their trading data operations IBOR, “order management system optimization,” or something else, they ought to remove distinctions between administrative or custodial relationships and front-office systems, according to Satten.

“IBOR brings that all together. It is having a system that is real-time, and has your portfolio information, when you need it, as you need it,” he said. “You need to be aware of what’s in your book. … Some shops look for a new service provider or vendor, because they think it’s just a technology or system upgrade. They’re really trying to create a better book of record for themselves and a more accessible user interface around it.”

Related content

WEBINAR

Upcoming Webinar: The evolution of market surveillance across sell-side and buy-side firms

Date: 21 September 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Market surveillance is crucial, and in many cases a regulatory requirement, to ensuring orderly securities markets and sustaining confidence in trading. It can be breached and has become increasingly complex in the wake of the Covid pandemic, Brexit, and...

BLOG

CJC Goes ‘Cloud First’, with Google Cloud Migration

CJC, specialists in market data technology consulting and services, has completed a full migration of its managed service tooling and products to the public cloud, and will now operate a ‘cloud-first’ policy for all internal systems and products. In the process, CJC has also migrated its client base to the public cloud. Previously, the company’s...

EVENT

RegTech Summit Virtual

The RegTech Summit Virtual is a global online event that brings together an exceptional guest speaker line up of RegTech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment.

GUIDE

Valuations – Toward On-Demand Evaluated Pricing

Risk and regulatory imperatives are demanding access to the latest portfolio information, placing new pressures on the pricing and valuation function. And the front office increasingly wants up-to-date valuations of hard-to-price securities. These developments are driving a push toward on-demand evaluated pricing capabilities, with pricing teams seeking to provide access to valuations at higher frequency...