CodeStreet Claims Client Savings

In a report released by CodeStreet last week, the vendor estimates that clients employing 100 developers could save between $1 million and $3.2 million annually by using the software, based on figures reported by a range of un-named clients. According to the report, firms could save $1 million merely from switching from manual to automated testing via the system. CodeStreet chief executive Howard Pein says clients had previously relied on manual testing which was "wildly inefficient."

Pein says

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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