Buy side set to cut costs, says TowerGroup report

RESEARCH AND DATA

NEEDHAM, MA -- Cost containment and business continuity have replaced concerns over T+1 settlement and web-based implementations as the primary business drivers for the asset management industry, says a report from Massachusetts-based research consultancy TowerGroup.

Technology spending by investment management firms has declined since the technology boom of the 1990s, says the report, entitled The investment management top 10 business drivers impacting technology decisions, with senior

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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