TITLE

Spending Cuts Could Spare Execution, Order Management Systems

AUTHOR(S)
HINTZE, JOHN
PUB. DATE
January 2009
SOURCE
Securities Industry News;1/5/2009, Vol. 21 Issue 1, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that brokers and their institutional customers are expected to spend considerably less money on technology in 2009. According to estimates by research firm Tabb Group, broker-dealer information technology (IT) spending will decline by 20 percent. It talks about the impact of the cuts in technology spending on providers of order management systems (OMS) and execution management systems (EMS). It notes that the cost expectations of current and potential customers has prompted independent companies to make adjustments.
ACCESSION #
36561125

 

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