Since the financial crisis blew through the securities industry, the impact on IT systems has been dramatic. In one key area, pre-trade compliance technology, the crisis has spurred a transition from option to near-necessity.
“Since the financial crisis, everyone has been forced to look at their compliance processes – what should take minutes took days [to accomplish] in some cases,” says Spiros Giannaros, vice president of sales for the Americas at Burlington, MA-based software provider Charles River Development. “People could not pull together their total exposure.”
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