Securities Industry News and Financial Insights Announce SecuritiesTech 50 Rankings for Front Office Solution Providers; Rankings Showcase Leading Global Capital Markets Technology and Institutional Providers
FRAMINGHAM, MA. – JUNE 15, 2006 – Securities Industry News, SourceMedia's flagship publication serving the operations and technology side of global securities and financial markets, and Financial Insights, an independent research services firm and an IDC company, announced the debut of the SecuritiesTech 50 rankings of the Top 50 global technology and services providers. The Fortune 500(TM) style rankings will be published October 16, 2006 as a special supplement to Securities Industry News.
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.
About Securities Industry News and SourceMedia, Inc.
Securities Industry News is the only weekly paper that serves the news and information needs of senior decision makers in the operations and technology side of global securities and financial markets. Securities Industry News and its companion site, www.securitiesindustry.com , combine to deliver a distinctive perspective on, and analysis of, the companies, trends, issues and people who are transforming the global securities market through innovations in technology, product development, front- middle- and back-office operations, buy- and sell-side trading infrastructures, risk management, and the business processes vital to regulatory and operational compliance.
SourceMedia, an Investcorp company, is the pre-eminent provider of timely and essential market information — including industry news, analysis, research and insights — for members of the financial services community, as well as related fields such as accounting and technology. Through its comprehensive library of professional publications, suite of industry-standard data applications, and in-depth seminars and conferences, SourceMedia ( www.sourcemedia.com ) offers its clients and subscribers a valuable and sophisticated range of products and services.
About Financial Insights, an IDC Company
Financial Insights provides independent research, custom consulting, and detailed multiclient studies on the technology issues and challenges facing the financial services industry. Our global research covers topics of strategic importance to corporate and retail banks, insurance carriers, asset management firms, securities and brokerage firms. Our local practices in Asia Pacific, Europe, Latin America and Canada add an in-depth regional viewpoint. Financial Insights, an IDC company, is headquartered in Framingham, Massachusetts, USA. IDC is a subsidiary of IDG, the world's leading IT media, research, and exposition company. Visit www.financial-insights.com for more information.
About William Mills Agency
William Mills Agency was founded in 1977 and represents companies that serve the financial and technology industries. The Atlanta-based agency represents more than 70 companies throughout North America. For more information, call 678-781-7201 or visit www.williammills.com .