Prospects For Tech Vendors Clouded By Market Rout, Muni Consolidation

THIS WEEK'S LEAD STORIES

Coupled with recent layoffs in the municipal bond departments at Salomon Brothers and Kidder Peabody & Co., the collapse in stock prices ushered in a mood of uncertainty about technological investment on Wall Street.

But most executives contacted last week say the outlook for suppliers of financial information and trading systems depends whether the slump is permanent.

"Everything is going ahead as planned," says William Rothfarb, manager of market data at First Boston Corp. "There hasn't been

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The IMD Wrap: Will banks spend more on AI than on market data?

As spend on generative AI tools exceeds previous expectations, Max showcases one new tool harnessing AI to help risk and portfolio managers better understand data about their investments—while leaving them always in control of any resulting decisions.

Waters Wrap: When looking for tech & data jobs, be curious

Senior executives across the industry tell Anthony that while having the right technical skills as a programmer or data specialist is important, the most desired qualities in new hires are curiosity and the ability to ask good questions.

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