Key trends for buy-side firms in 2013 revolved around social media and mobile channels and collateral management. Asset managers increasingly focused on client communication, interaction, and engagement for client acquisition and retention by increasing their presence on social media tools and investing in mobile applications. Regulatory initiatives such as Dodd Frank and European Market Infrastructure Regulation (EMIR) require buy-side firms to post collateral to central clearing counterparties so firms are implementing advanced collateral management systems.