Monument Securities
“CONTEMPORARY worked with us to eliminate the risks inherent in adopting new technologies.”
Monument Securities Limited was formed in 1991 as an independent institutional and corporate broker. In 2006 the company became part of the Insinger de Beaufort group of companies. After a successful two years with Insinger and following a management buy-out, Monument again became an independent company and now has a close association with Oakley Capital Private Equity.
Monument's customer base is institutions, fund managers, market professional, corporate and hedge fund clients. The sectors covered are primarily equity markets, equity and index derivative markets and fixed income both underlying and derivatives. Since inception, Monument’s business model has been one of steady growth with a focus on providing an excellent service to customers.
The Challenge
A project to replace the existing Management Information System (MIS) was started when Monument was part of the Insinger group. Insinger was planning to increase its presence into London trading activities and needed an MIS and data warehouse to capture and manage the group’s activities which included a large retail and private investor client base. “All of our products and services have different characteristics and clients,” explained Kevin Grover, the Technical Lead at Monument. “The ways in which costs and monies are captured and accrued varies enormously and although our existing MIS could handle Monument’s requirements, the increase in group activities needed a more powerful and flexible solution.”
Read the full Monument Securities case study.