Whitepaper: Strategies for Optimizing Operations and Reducing Costs
The financial markets in recent years have been everything but stable. And it is not surprising that hedge funds and investment firms are continually looking for ways to reduce expenditures while also increasing efficiencies. Close examination of various business processes can often highlight areas for improvement and cost-savings. But there are certain elements of business that cannot be eliminated or cut back on - a firm's employees must be able to continue with their daily operations. While firms should not eliminate vital IT services and infrastructure, there are a number of ways in which firms can reduce spending without compromising on business efficiency.
This article outlines six areas where firms can optimize operations through virtualization technology, smart purchasing, market data, telecommunications, broker execution and data protection.