Buy-Side Firms Turn to Cloud-Based Portfolio Management Systems

Indata’s David Csiki says that on the buy side there is very little resistance to the cloud, which is a significant change from just a couple of years ago.

Indata has announced that GW Capital will use its cloud-based iPM solution for portfolio management. The Bellevue, Wash.-based firm, which manages more than $2 billion, chose Indata for its ability to manage fixed-income securities and for its cost-saving disaster recovery capabilities.

Buy-Side Technology spoke with David Csiki, Indata’s managing director, about the product, the latest trends in cloud computing, and what’s on Indata’s IT roadmap.

David Csiki

Author

David Csiki is the Managing Director and President of INDATA, a leading industry provider of software and services for buy-side firms including trade order management (OMS), compliance, portfolio accounting, and front-to-back office technology solutions. Prior to joining INDATA, Csiki was Manager of Marketing and Investor Relations at NYFIX, Inc. and was instrumental in developing the product concept and planning the successful launch of the company’s flagship product, NYFIX, a FIX broker network.