Economic Woes Drive Asian Exchange Upgrades
Asian exchanges are a few years behind their counterparts in the U.S. and Europe and cannot afford to put on hold major technology initiatives because they need to "play catch-up," says Mayiz Habbal, senior vice president of capital markets at Celent, one of the authors of the report.
A number of major exchanges around the region initiated core system upgrades a year or two ago despite disappointing revenues in 2008, and Asian exchanges will continue to push toward completion of those initiatives
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