In its inaugural year, SecuritiesTech 50 front-office technology and solutions providers will be evaluated based on the number of seats or desktops deployed globally across two functional areas; investment management or securities brokerage (institutional and retail). Additionally, the rankings will delineate a subset list of Fast 5 providers, detailing their total two-year percentage desktop growth through the end of calendar year 2005.
SecurtiesTech 50 will also encompass significant services providers such as correspondent clearing firms and prime brokers as well as the traditional technology vendors. The rankings will be determined based upon quantifiable, verifiable data, public information and personal interviews conducted by Financial Insights to ensure the accuracy of the information.
“SecuritiesTech 50 offers the securities industry a new type of ranking that will shed light on growth and trends in the most exciting part of the business,” said Jeffrey Kutler, Securities Industry News editor-in-chief. “By focusing on front-office firms and suppliers to them, the ranking will reflect where significant industry investment and technology innovation is concentrated.”
According to Kutler, the top ranked firms are the ones best positioned to take the industry to the next level of efficiency and transformation, increasing the ranking’s value when considering the future of capital markets globally.
“Clearly, global capital markets are undergoing a significant metamorphosis driven by technology-enabled process improvements, which has created a unprecedented ‘need to know’ about leading providers,” said Michon Schenck, chief operating officer, Financial Insights. “We are pleased to work with a premier publication like Securities Industry News to develop an annual SecuritiesTech 50 ranking that addresses this need.”
In addition to the SecuritiesTech 50 ranking, Financial Insights also provides an overall FinTech 100 ranking with American Banker, another SourceMedia publication. Companies interested in being considered for the SecuritiesTech 50 ranking should visit http://www.financial-insights.com/FI/services/securitiestech50.jsp for the application. The deadline for submission is July 15, 2006.