Financial markets rallied in 1996 pushing equities to rich new highs. The stampeding bull market filled a great many mutual and pension fund coffers with large net cash inflows.
Money managers had to search for investment vehicles, while buy-side traders, technologists and operations pros tried to deal with voluminous new accounts and keep track of much more portfolio activity--all within a shorter settlement cycle.
That kept everyone in the investment community rallying to continue automating
Anthony and James look at developments pertaining to the Consolidated Audit Trail and wonder if big-tech companies could challenge traditional asset managers.Subscribe to Weekly Wrap emails
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