Operations Execs Warn: Old Systems Pose Risk

THIS WEEK'S LEAD STORIES

Operations employees usually are not the most forward-thinking people on Wall Street and for good reason. They are hired to get today's job done, not worry about tomorrow's needs. But the Securities Industry Association's operations conference held May 3-6 in San Francisco was a chance to step away from daily pressures and look out into the future.

The back office has a message for the executive suite: It's time to install systems that speed up the cycle of comparing, clearing and settling

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