Supporting investment trading, while saving capex

Extending the operational life of a trading platform for a large European Hedge Fund, saving the need to raise capex for a new system.

Client:

European Hedge Fund

Sector:

Finance

Services:

Consultancy

Overview

A large European Hedge Fund engaged Crestwave Solutions to review their trading platform, which was nearing the end of its operational life and was no longer being supported by their provider.

Scope of work

The client required an impartial view of the technologies and options available in the marketplace, including an exploration of relevant trends.

Crestwave's solution

Our consulting included facilitating appropriate vendor presentations and meetings with the Hedge Fund. From those meetings, due diligence exercises and in close collaboration with out client, we recommended two credible suppliers, who were already delivering trading infrastructure to similar organisations. In addition, we also undertook a review of the maintenance options for the existing platform to see if it could still be supported and for how long – a more commercially palatable option for our client, rather than having to raise the capex needed for a new system.

With all the details to hand, our client was able to make an informed decision and we helped facilitate the commercials on behalf of the client to contract signature.

Crestwave Solutions in practice