Buy side to boost trading desk technology spend – Greenwich
Survey shows a larger share of budgets is being spent on technology while compensation costs shrink
Technology budgets on the buy side are expected to grow in the year ahead, after remaining flat in 2016, as the second Markets in Financial Instruments Directive (Mifid II) pushes market participants to shell out more on tools such as order-management systems and transaction cost analytics to remain compliant, according to a survey by Greenwich Associates.
Due to regulatory developments, the make-up of trading desk budgets is changing – compensation is playing a smaller part while the share of
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