Front-Office Quant Spending to Increase

"This is something that has been happening over many years. ... Obviously the market itself has changed," says Sang Lee, managing partner at Aite Group and co-author of the report. "What we're seeing increasingly is the quants taking more of a front-office role. They're not only creating the models themselves; they are also trading them," Lee says.

To support the penetration of quants into the front office, a crop of vendors has sprung up to develop platforms to aide the quants in their evolving