Stocking Up on Software

In a conversation with Steve Marlin of Markets Media Alexei Miller discusses DataArt’s unique offering and explains the reasons for robust growth in custom application development and outsourcing practices among buy-side firms.

“DataArt, a software outsourcing provider serving hedge funds and investment managers, has experienced robust growth as buy-side firms seek to reach the next level ion new apps, ranging from advanced portfolio risk management to scenario modeling, and order management.

“Our specialty is in making customized software a viable alternative to costly off-the-shelf products or in-house development.”Most of the company’s work is concentrated in middle- and back-office functions such as reference data, portfolio management, and investor reporting. “The front-office tends to be well-productized,” said Miller. “The middle and back offices is where packaged products are not up to par.”’

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