Banks to Invest in Reducing Latency in 2008, Survey Finds
Although the credit crunch is likely to impact front office spending this year, the majority of firms still expect to invest in reducing the latency of their trading systems. So finds a poll of leading investment banks by COLT Telecom, providers of proximity hosting.
According to the COLT study, all of the Finance IT professionals who took part in the survey, conducted at a recent COLT customer event in London, rated latency as either ‘critical’ or ‘very important’ to successful electronic trading of securities. Ninety per cent said they expect to invest in reducing it in 2008. More than half of the survey respondents said that the credit crisis is likely to have an impact on front office spend in 2008 within their organisation.
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