2021: The year when Big Tech ‘Googled’ the financial markets and liked the results
Now that cloud has become widely adopted by financial firms, Big Tech companies are seeking to leverage their other services to become more ingrained in the workflows of the capital markets.
The capital markets industry spends a fortune on technology each year—possibly as much as half a trillion dollars globally—including everything from specialized trading and risk applications, market data and supporting technologies, corporate IT, networks and infrastructure, and services like cloud storage and compute resources.
Microsoft, for example, with its Windows operating system, has had a presence on almost every desktop for years, as well as its near-ubiquitous Excel spreadsheets
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