North Rock Capital Personalizes Digital Office with interop.io

How does North Rock Capital use interop software?

A next-generation trading and risk platform

Investment management firm North Rock Capital continues to leverage its relationship with interop.io, which has served as the foundation for its next-generation trading and risk platform.

Against a backdrop of an ever-changing regulatory environment and an expected expansion, North Rock Capital continues to invest heavily in proprietary technology, infrastructure, and risk analytics. interop.io has provided the firm with the enterprise desktop integration solution it needed to offer its portfolio managers a best-in-class workspace and personalized user experiences.

Kelly Perkins, Chief Investment Officer, North Rock Capital, said, “Since we launched the North Rock platform in 2013, we’ve grown significantly and now partner with nearly 50 portfolio manager teams, each focused on a particular sector, region, or industry. Attracting top-tier specialized portfolio manager talent is critical to North Rock Capital’s continued growth and ability to deliver results to our investors.’

“By providing portfolio managers with the tools to unify their individual desktops, we can build a flexible and personalized trading and portfolio management platform to deal with market volatility and growth without downtime.”

“As we grow our portfolio, so does our need for integration of systems and processes,” he continued. “interop.io enables us to integrate our proprietary applications and algorithms with newly acquired web applications without the need to discard existing technology investments. As such they serve as the foundation to our technical blueprint and drive its success.”

Buy-side trading desks invest heavily in technology

North Rock Capital is not alone in making significant technology investments. In fact, according to this Greenwich Coalition study, the average buy-side trading desk allocates roughly one-third of its overall budget to technology.

Broadridge recently surveyed senior leaders at hedge funds who say that 26% of their overall IT budget is currently directed toward digital transformation. This is a jump from 2022 when that figure stood at 13%.

“The focus on desktop transformation is here to stay,” said James Wooster, CRO of interop.io. “In order to offer the best experience for portfolio managers, the hedge fund industry is turning to more comprehensive solutions and process automation. By digitizing the firm’s institutional knowledge and experience, its portfolio managers will have a holistic view of multiple data sources which will drive better outcomes and provide a significant competitive advantage.”

North Rock Capital’s inclusion in interop.io’s client portfolio contributes to the ongoing innovation efforts of both companies, paving the way for a lasting and fruitful partnership.