Vendor Selection
Jordan & Jordan combines an understanding of the securities industry from a business, technology and operational perspective with a disciplined approach to vendor selection. Our services include vendor qualification, development and distribution of RFI/RFPs, analysis of responses in the form of a requirements matrix. Taking into account functional and non-functional (e.g., cost, existing technology strategy), we evaluate vendor alternatives using objective criteria to provide an informed recommendation.Representative engagements include:
- Completed the RFI and selection process for a major global financial information vendor to rebuild its ticker plant and data distribution platform
- Assisted multinational broker dealer in selecting a clearance processing provider
- For a national retail broker dealer, examined build vs. buy alternatives for order management systems to handle equities, options, and fixed income securities. Performed requirements analysis and provided recommendations for follow-up with specific vendors for each security type.
- Drove the RFI process for a major investment bank in selecting a buy vs. build strategy for reference data
- For many clients, established a framework and criteria for vendor selection and recommendations for fixed income pricing services and reference data
- Guided the vendor selection process for a broker dealer to meet trade-processing requirements for mortgage-backed and related securities
- Developed high level requirements and overall RFP for a replacement price dissemination system for an international derivatives exchange
- Drove the RFP process at a major hedge fund for the selection of a market data management system
- Assisted a major mutual fund in selecting/upgrading market data distribution technology
- Compared retail broker workstation alternatives, including proprietary and third party packages, based on user requirements and technology/operational considerations. Project included RFI development and response evaluation