Capital markets firms are being driven to improve efficiencies and reduce costs, rather than simply comply with new regulations, according to a new survey on technology spending.
“The respondents are looking for increased returns on investment through greater efficiencies and productivity,” says Ganesh Iyer, Senior Manager, Product Marketing, IPC Systems, which supplies communications gear to trading firms. “Only 17 percent said they were spending because of compliance'' with reforms being promulgated in the United States and Europe.
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