TowerGroup: Derivatives Spend Surging
FRONT PAGE: NEWS ANALYSIS
NEW YORK—Wall Street should expect an increase in automation and IT spending in the derivatives space, but the derivatives software market is currently somewhat splintered across products and markets, with only a few large vendors from the cash market acting as major players in the space, according to a new report from TowerGroup.
The market research firm, based in Needham, Mass., predicts that derivatives IT budgets at sell-side firms will grow approximately 12 to 15 percent over the coming
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