for Buy Sides
Introducing alpha-generating buy-side trader workflows that can help save your desks ten minutes a trade. The journey to your next-generation investment platform starts here.
The problem of inefficient buy-side trader workflows
The complexities of the investment process require asset managers to navigate through a minefield of fragmented data, applications and workflows. Key staff spend too much time swiveling between these applications, copy and pasting data from one to the other. As well as being highly inefficient, operational risk is also increased along with a growing likelihood of errors.
Today, increased regulatory scrutiny, lower margins and increased volatility mean that the cost of any resulting errors can be significant. At the same time, customers are demanding innovative portfolio strategies that maximize alpha against a backdrop of near zero interest rates.
“Interoperability is now becoming not just nice to have, but a must have.”
—Mike King, Global Business Head for Bloomberg App Portal (Source: A-Team Insights)
Ask yourself: if you could automate the rote tasks your traders or portfolio managers engage with, what value would this bring your firm? That question (and the answer) is at the heart of interoperability.
With interop.io, connect all of your systems in intelligent ways so multi-step processes are streamlined, and context is shared across all applications on screen at once. Integrate application data and UI across all applications into a unified workflow, eliminating the need for repetitive operations. This allows portfolio managers, compliance professionals and dealers to make faster, more informed decisions.
Interop.io helps you integrate your application data and UI across all applications into a cohesive workflow, eliminating the need for repetitive operations, thereby making sure there are no errors in data throughout the trading process.
Workspaces and tabbed-groups improve application density while ensuring that applications are never more than a click away. Eliminate the frustration caused by fragmented workflows and allow portfolio managers and dealers to focus on generating alpha.
Build integrated workflows that are easily extendable based on a micro-frontend. Deliver new functionality or re-purpose existing features from legacy systems and exploit pre-built adapters (e.g. Bloomberg, Eikon, Salesforce, Excel, etc). Integrated search functionality provides the means to search across all applications on a user’s desktop simultaneously. In this way, buy-side traders can operate in a way that is business-centric rather than application-centric, greatly improving the buy-side workflow.
Record and analyze user-driven events, like opening an application, viewing the content of a report, interacting via a softphone, all in real-time. Having this insight at your fingertips makes it easy to respond to sophisticated compliance requirements.
Next level collaboration: Buy-side vendors and FDC3
FDC3 standards define a common language and API that applications can use to easily communicate with each other. By using this common language, FDC3-enabled applications become part of the streamlined workflows at the heart of interoperability.
Understanding that connectivity is imperative to buy-side workflows, application providers want to be key players. More and more vendors are prioritizing FDC3 to make this happen. Learn how FDC3 has crossed the chasm.
Meeting FDC3 compliance means these buy-side vendor applications arrive primed and ready for interoperability out-of-the-box (note: FDC3-compliant applications can interoperate immediately once installed on a desktop equipped with an FDC3 Desktop Agent, such as io.Connect). If you’re a buy side looking for interoperability, encouraging your vendor application providers to become FDC3 compliant is in your best interest.
Time for bigger and better things
Automating rote tasks allows your analysts, dealers or portfolio managers to do bigger and better things. If workers don’t have to spend their time manually typing everything, they can study the market, talk to their portfolio manager, research, be creative—any of the things they wish they had time for at the end of the day.
Ask yourself, what are the slowest, most rote tasks your workers engage in? What would they be able to focus on if they could automate those tasks? What can they do with an extra ten minutes each hour, or eighty minutes a day?
It’s your traders, your tools, and your workflows. Interop.io allows you to build out a personalized chain of events leading up to each action. It’s an important refrain we share: Build workflows, not applications. We are here to help you identify what those buy-side workflows might be.