
The IT Checklist Cheat Sheet for Startup Financial Firms
As a new firm, your to-do list is going to be lengthy: formation structures, legal requirements, service provider evaluation, etc. On the technology front, there are also a lot of items to think through. Here’s a quick IT checklist cheat sheet that financial firms should keep handy during the startup planning process.
Also, for more technology tips, download the Essential Tech Guide to Starting a Hedge Fund
Networking & Infrastructure
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Define networking requirements
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Data circuits featuring N+1 redundancy
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Voice circuits
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Wireless and Local Area Network (LAN) capabilities
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Delivery
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Design network infrastructure: Cloud, On-Premise or Hybrid
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Workstations (PCs, monitors, laptops, servers)
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Peripherals (printers, phones, etc.)
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Delivery
Software/Applications
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Email
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File services
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Storage
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Other resources
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Evaluate front, middle and back office solutions
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Trading and order management system
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Accounting and/or portfolio management system
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Market data and analytics tool(s)
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Installation, maintenance and upgrades for all software
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Business Resiliency & Security
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Business Continuity Plan, including written processes and procedures
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Security layers including anti-virus software, host-based and network intrusion detection systems, firewalls, encryption and application filters
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WISP (See Security Policies in Essential Tech Guide to Starting a Hedge Fund)
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Email Archiving solution to meet investor/legal requirements (e.g. Dodd-Frank)
Security Policies & Documentation
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Access Control Policy
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Acceptable Use Policy
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Incident Response Plan
Telecommunications/Mobility
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Internet connectivity
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Voice systems (traditional or VoIP)
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Mobile devices, BYOD plans
For more, read our latest whitepaper, The Essential Tech Guide to Starting a Hedge Fund, which is a resource for managers looking to launch a hedge fund and seeking guidance with regard to technology. Download the complete guide and discover the top tech must-haves for emerging managers.