Explosive growth in Derivatives trading is driven by greater investor sophistication -- and increased use by hedge fund and investment managers. Trading volumes have increased at a CAGR of 28% during the last five years. Tower Group® estimates Derivatives-related IT budgets at sell-side firms are growing at 12-15% annually, compared with 3-5% for Equities and Fixed Income.

The proliferation of Derivative assets during the past decade has raised the ante for financial institutions, institutional investors, and corporations, alike. Investment in new IT infrastructure (systems and networks) is needed for the industry to maximize returns on these business-critical financial instruments. Top priorities in IT budgets include: risk management, trading, pricing and analytics, followed by software for accounting and reporting.

Cognizant leverages its experience and partnerships with industry leading companies like Calypso, Fidessa, Murex and Summit to expand our centers of excellence and deliver world class multi-asset trading systems to our top clients. Furthermore, we have proven experience integrating these systems with one other for further STP efficiency via FIX, SWIFT and FpML messaging.

Cognizant has been a pioneer in architecting and building complex business-aligned IT solutions for Derivatives. Cognizant is one of the fastest growing and innovative companies in the Technology Services space.

As a leader in providing IT services to the Financial Services industry, we work with 6 of the top 10 biggest firms in the industry and have a dedicated Banking and Financial Services Domain Consulting Group comprised of industry experts. We also have an Advanced Solutions Group that utilizes cutting-edge technology to help resolve your toughest business challenges.