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Buyside’s Underinvestment in IT “Unsustainable,” Celent Says

Traders Magazine Online News, October 12, 2012

Tom Steinert-Threlkeld

Asset managers spend more than 80 percent of their technology dollars simply maintaining existing operations. With regulatory changes and trading spanning more types of assets, “the buy side has a situation of underinvestment which is unsustainable,’’ research firm Celent said.

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