SimCorp Poll Reveals Concern of Fixed Income Handling at Firms Retiring Barclays POINT
In
The survey, which polled 114 individuals from 60 firms across
- Nearly 90% of respondents do not believe or are unsure that Bloomberg PORT, the proposed alternative to POINT, will fulfill their fixed income requirements
- 75% are planning to initiate a search or have an initiative underway to replace Barclays POINT
- More than 50% see the acquisition of Barclay's POINT as an opportunity to re-assess front office fixed income support
"The acquisition of Barclays POINT presents a sea change to the fixed income community," explains
"The timeline of the acquisition does not support a 'wait and see' approach, these firms are in immediate need of a comprehensive transition strategy," said
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