EFIS 2014: Data Sophistication, Volumes Drive Users to Virtual Tech

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As trading becomes more complex and data volumes continue to rise, firms are weighing the benefits of in-house tools and data centralization against their cost, panelists said─though in some cases, this increased complexity requires ad-hoc solutions that simply aren't available on the open market and thus have to be built in-house, said Tony Chau, executive director at UBS.

But when choosing technology solutions, firms should focus on their needs and look at what's already available in the marke