Automation of institutional trades hits resistance

02/28/2013 | Securities Technology Monitor

The major asset managers, big brokerages and small asset management companies, are slow to automate institutional trades because they are worried about the consequences of picking the wrong technology. "The main issue that all three parties are facing is related to cost," said Virginie O'Shea, an analyst with Aite, which has released a report on the issue. "The investment required to move from manual trade matching methods to electronic trade confirmation is fairly high, hence firms are wary of going down a route that their clients or counterparts choose not to follow them down."

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