10 Trends That Are Reshaping the Wall Street Back Office

With new regulations on the way and calls for greater scrutiny and transparency into how financial instruments are priced and cleared, the importance of a strong back office is destined to receive a lift this year. Wall Street and Technology discusses 10 developments that are reshaping Wall Street's operations departments and the technology they use.

One popular way to cut operations costs, according to Ben Keeler, director at Citisoft, is to rethink data acquisition strategies. "Clients are making a significant move to rationalize where they're acquiring pricing and reference data," he relates. "It's not your standard, 'Can we get rid of this interface, can we get rid of this vendor?' They're looking at their policies and general data trends. Is there a general trend toward disintermediation of data? Can I get data directly from an exchange versus a provider? How do I change my policy to adapt to the changing data landscape?"

The full article can be found here.