Automation Gains Recognition, Not Deals

DATA MANAGEMENT SPECIAL REPORT

Corporate actions automation is making strides, but firms are still not rushing to adopt the technology, Celent Communications senior analyst Pamela Brewster tells Inside Market Data. Interview by Gerelyn Terzo

IMD: What is the size of the automated corporate actions market?

Brewster: Celent estimates that approximately $830 million will be spent on the industry on corporate actions automation projects over the period 2003 to 2007. Of that, broker/dealer third-party spend is projected at $160