SectorFINANCIAL MARKETS

Financial Markets: The State of Play

The UK financial services industry is currently facing an unprecedented array of challenges, including economic uncertainty, liquidity concerns and pressure on capital, decreasing margins (due to the higher cost of deposits and wholesale funding), global competition, and increasing regulation.

Whilst the other major economies emerged from recession in late 2009 the UK economy has been slow to respond to the stimulus of quantitative easing. That said, the global economy is still only limping along, job losses continue to mount across financial services and almost every other sector, and banks continue to fail.

So trying to predict what will happen through 2010 is real finger-in-the-air stuff. Certainly there will be new regulations designed to protect investors and secure the economy. There will be continuing pressure on margins and we will continue to see the sudden rise of new (global) competitors.

At the top of most CIOs' 2010 priority lists will be dealing with regulatory reform and improving risk management as well as efficiency initiatives. However, the need to innovate and to create new products quickly (and get them to market) will be vital to stay competitive.

Exchanges and clearing houses need flexible systems which can cater for rapidly changing market demands such as the need for new contracts. In addition, new entrants are introducing more competition, driving the need to react quickly in order to retain clients and trading volumes.

Member firms, brokers and other sell-side organisations need to cater for increasing volumes as well as managing operational risk.

Firms trading in Futures, Options and other Exchange Traded Derivatives will need to provide increasing levels of client service including faster response times and greater online facilities.

Key drivers for Asset Management and Wealth Management businesses are performance and client servicing. Institutional Fund Managers, Hedge Funds and Private Client/Discretionary Managers seeking to develop profitable investment strategies need the analytical tools and information to support investment decisions.

The Role of Technology

One thing that is certain in today's world is that whatever new strategic initiatives are launched, technology will play a key role in making them happen.

New technologies such as application-enabled mobile phones and cloud computing offer opportunities to transform business models and to make better connections with your clients.  The ability to scale on demand can allow new types of applications to emerge or more complex models to be built. New styles of interface allow you to reach out to people with more compelling offerings. New portal technologies allow you to collaborate more efficiently.

Even though you may be running with a much leaner IT department it is still vital to be able to both innovate at speed as well as react swiftly to market forces in order to stay competitive. At times like this working with a trusted partner like Kynetix can have real benefits.

Speed-to-Market is Vital

We are adept at delivering new systems at Internet speed. After 14 years working in the financial markets we have honed our skills to ensure that we can get your new systems implemented in rapid timescales.

Our combined market knowledge and technology skills allow us to quickly understand your business and to work with you to design the right solution for your business.

We pride ourselves in getting things done quickly. We regularly surprise our clients at our ability to hit deadlines and to meet budgets.

How we help

We develop software and solutions which become strategic assets for your organisation, enabling you to gain competitive advantage. We help companies like yours by:

Sector Expertise

The collective expertise within Kynetix spans a range of financial services disciplines. Over our 14-year life we have worked with clients in the following areas:

Find out how we can help you.

To find out how we can help you please call us on 020 7836 1800 or contact us at info@kynetix.com.

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