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What Are the Different Types of Capital Market Software?

K.C. Bruning
K.C. Bruning

Capital market software is available either as stand-alone products or integrated programs that work on a common platform. The software varies in complexity and can suit the needs of different clients, from small brokerages to global banks. Products may also cover different kinds of asset classes.

Common asset classes covered in capital market software include equities, money markets, and fixed income. Some programs may specialize in specific areas, such as foreign markets or certain assets. In most cases, a program will tend to cover a wide array of classes.

Businessman with a briefcase
Businessman with a briefcase

Another common aspect of most capital market software programs is that they are somehow able to consistently access updated market information. This can include everything from the movement of the stock market to important industrial and governmental changes. The complexity and amount of information imported into the program depends upon the capacity of the software and the needs of the user. At a minimum, a program will usually be made to stay abreast of market changes, but a larger firm may benefit from more comprehensive updates on all major aspects of the industry.

Some of the benefits of using a capital market software suite include cost savings on individual programs, integration of all functions related to capital market activities, and the greater ease of learning one system. Though in most cases a typical suite will have the resources for adequate customization, some customers may have a need for a more finely tailored system. A suite may also be too complex for investors with a smaller scope.

Many kinds of capital market software have features that help with legal and compliance issues. This includes integration with online resources which keep the product up-to-date on changes in regulations. Other features include anti-money laundering modules, fraud assistance, and overall compliance.

Some products also help financial professionals to track their clients and prospects. This could include integrated address, call log, and account features. There are also programs that help with the management of referrals and leads. With some systems, client features can be integrated with the accounting software, which can simplify overall account management.

Many products also have strategic and analytical functions. Some programs will walk the user through different scenarios. Others will analyze current and future market environments in order to determine the best course of action. There are also types of capital market software that can be integrated with standard desktop programs in order to enhance their functionality. This is most commonly found with spreadsheet software.

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