Order Management's BIG Room for Growth: A Fourfold Increase in Global Spending Is Predicted
Traders Magazine, January 1999
As a war of sorts heats up among electronic equity order-management vendors, there is this sobering thought: The business is still only maturing.
With sell-side firms spending about $50 million worldwide on outside support in 1997, the potential annual global sales for systems is some four times that sum, or about $400 million, according to a new report published by The Tower Group, a financial consulting and research firm based in Newton, Mass.
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