March 8, 2011 – Securities firms will increase their spending on broker workstations, execution systems, co-location and other technologies by 6 percent this year, according to a survey of 24 chief information officers or equivalents on Wall Street.
Overall spending should hit $44.1 billion in 2011, up from $41.6 billion in 2010, according to the new report from Aite Group. But where 21 percent of desktops are operating as "virtual" machines at the start of the year, only 13 percent will be at the end of 2011, Aite projects.
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