TRADING TECHNOLOGY PERSPECTIVES
TRADING TECHNOLOGY PERSPECTIVES
A new, Web-based version of outsourcing is nipping at the horizon for the securities industry--something that is best described as application outsourcing. Instead of having IT staffs expend a lot of energy maintaining generic, mundane and repetitive applications--clearing and settlement for example--why not have a third-party such as an application provider maintain and develop them via the Web?
Upon first glance, this is an appealing approach because it allows firms to farm out everything but
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