Buy-side compliance spending to continue rising

NEW YORK – Asset and hedge fund managers expect their compliance IT budgets to keep expanding in line with pressure from multiple regulatory and institutional pressures.

According to a new report by financial technology consultancy Celent Communications, Compliance: Trials and Tribulations in Asset Management, buy-side firms put top priority on portfolio trading compliance and email and instant messaging capture and archival efforts, and less focus on issues such as Sarbanes-Oxley compliance,

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