The Year of Compliance and the Cloud

摘要

As capital markets firms grapple with the challenges of comply- ing with Dodd-Frank's plethora of rules while continuing to expand into new asset classes and emerging markets, they will increase their IT spending globally by 6 percent this year, according to Aite Group. The research firm expects Wall Street firms to spend $44 billion on technology in 2011 - up from an anticipated $42 billion in 2010 and $39.7 billion in 2009. Wall Street & Technology helped Aite gather responses from financial services tech- nology executives for the study.