Download this Complimentary Special Report from Greenwich Associates
Cloud Computing for the Buy Side - Moving Beyond the Myths
Cloud computing technology is not new by any
means, nor is it new to the financial sector, as many even argue its use can be traced back to the founding of Bloomberg and widespread use of mainframe computers in the 80’s. However it is, according to this new report by Greenwich Associates, being under leveraged in buy-side firms when it comes to compute intensive quantitative tasks that depend on the flexibility and scale that are the calling cards of this technology.
This report by Greenwich Associates is an exploration of the adoption, potential, and usage of cloud computing technology by buy-side firms, and is the product of interviews with 486 traders at buy-side firms globally as well as buy-side technology professionals and cloud service providers.
Key highlights include:
-
Perceived compliance, security and organizational culture barriers to cloud adoption
-
Regulatory complexity and growth in structured product trading driving demand for compute intensive calculations
-
IT budgets are not keeping up with demand for computing power
-
Opportunities for focused adoption to reduce hardware spend
