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David Spaulding, President

732-873-5700

 

THE SPAULDING GROUP TO PUBLISH TRADING SYSTEMS SURVEY RESULTS

Somerset, NJ – February 18, 2000. The Spaulding Group, Inc. (TSG) has published the results of last year’s Trading Systems Survey.

The survey addressed technology that is used within a money management firm’s trading environment, including trade/order management, market data, and pricing systems. TSG conducted a similar survey in 1996, that was very well received by the money management industry. Where applicable, the earlier results are included in this report, for comparative purposes.

“Trade/order management systems have become a fairly standard part of the trading process” said TSG’s president, David Spaulding. “The market is very different than it was three years ago, with new vendors and increased functionality. We wanted to find out what the market thought about these systems, as well as other areas of technology.” The survey focused primarily on U.S.-based money management firms.

“Overall, we found a slight increase in the use of technology” said Spaulding. “One positive finding is the high level of satisfaction with trade/order routing systems. We expect this technology’s role to increase over time, with expanded functionality and features.”

Five trade/order management system vendors cosponsored this research effort: Décalog, LongView Group, MacGregor Group, and SS&C Technologies. These firms provided funding and ideas for the surveys’ content.

Survey results are available from The Spaulding Group for $495.

In addition to the earlier trading systems survey, TSG conducted performance surveys in 1993, 1995, and 1997, a portfolio accounting systems survey in 1994, and a portfolio accounting / year 2000 survey last year. TSG has also conducted proprietary surveys for its clients. Last year, the firm conducted a survey on the “performance measurement professional.” The results of this effort should be available in March.

Survey participants received complimentary copies of the results. It is TSG’s policy to insure confidentiality of the participants, so details that would jeopardize this confidentiality are not shared with cosponsors or other parties.

TSG is a management consulting, research, publishing and training firm that serves the money management industry in the areas of computer technology, operations, performance measurement and reporting, and marketing. TSG also publishes The Journal of Performance Measurement, a quarterly publication they launched in 1996 and hosts the Performance Measurement Forum.

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