Nyquist
stack census
What do funds and banks actually work in?
Everyone quotes the same handful of vendor names. Nobody publishes what a real risk and analytics week looks like — which tool the work happens in, what it costs, where it stalls.
Institutional tooling is described by the people selling it.
We build analytics infrastructure for regulated institutions that were never the target customer for a $500K platform. To build the right thing we need the unglamorous truth: which tools, how much Excel, whose budget, which step of the month eats the most hours. Vendor case studies don’t tell us that. You do.
No honest baseline.
Vendor seat counts are public. What happens between the risk system and the committee pack is not — and that’s the part software gets wrong.
Written for the top 100.
Most published research on risk workflow samples the largest institutions. Firms under a few billion get modelled as small versions of them. They aren’t.
Published, not filed away.
One report, segment by segment, no firm identifiable: what firms your size pay, what they run, where they’re stuck. It goes to everyone who answered before anyone else sees it.
Asset managers, hedge funds, banks, insurers, treasuries.
The invite list spans asset managers, hedge funds, private credit funds, banks, broker-dealers, insurers, pension funds and corporate treasuries — across North America, Europe, the Gulf and Asia.
The mix is deliberate. The same question lands differently at a $2B credit fund and a $200B bank: one may run its risk in Python and a spreadsheet, the other in a platform bought a decade ago, and an average of the two describes neither. So the findings are cut by institution type, by role and by size — never flattened into one industry number.
A segment is published only once enough firms inside it have answered. Below that threshold it is merged into the nearest one or left out, and no cut is reported that could point at a single respondent.
Sixteen questions. One open box.
One question per screen, nearly all multiple choice. The first two — what kind of institution you are in, and what you do there — are required, because without them your answers belong to no segment at all; everything after is skippable. Here’s the whole thing up front — nothing appears later that isn’t on this list.
01 Can I answer for only part of it?
02 We can’t disclose AUM or software spend.
03 What happens after I submit?
Sixteen questions. Four minutes.
That’s it — thank you.
Your answers are in the dataset and they change what gets built next quarter. If you asked for follow-up, someone writes to you within a few working days.