The hedge fund software market has substantially matured over the last several years. There are many quality packages on the market for trade execution, accounting, position reconciliation and portfolio management.
These products add a lot of value to an organization. They are geared to handle many of the industry-standard transactions and tend to grow and develop along with the industry. For organizations who are not prepared to build a trading system from scratch, a package can be the best solution.
As powerful as a package can be, no software can handle the business requirements of all organizations. As standard as the business functions appear to be in the industry - from trading to accounting, organizations have different business models, different reporting needs and different operational needs. Packaged software can only go so far in meeting these individual requirements.
This is where the ability to add on to your packaged software becomes invaluable. Bit by Bit Financial has a lot of expertise in taking data from proprietary applications and building an application specific to your needs.