The murky future of buying or building trading technology
Waters Wrap: It’s obvious the buy-v-build debate is changing as AI gets more complex, but Anthony wonders how trading firms will keep up.
As the calendar flipped over to 2025, there was general optimism that M&A would pick up in the new year.
“After three years of underwhelming M&A activity, 2025 may finally be the year that the M&A market breaks through,” is how Bain & Company put it.
“For 2025, we anticipate that macroeconomic tailwinds will likely prompt increased M&A activity, building on the measured rebound we forecasted, and then experienced, during 2024,” Deloitte wrote.
And in a Q1 2025 prospectus for clients, M&A investment
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