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The latest issue of Wall Street & Technology (January/February 2009 Issue) came late.  I thought I was dumped because I was honest on the subscription and didn’t say I was buying $3.2 billion of Complex Event Processors.  Regardless, the current issue features a special report on “The Modern IT Organization.”  The lead article and the supporting pieces are a very good read.  There is a good deal of ink on cloud computing, but my comments on that are for another day.  In the meantime, the intro quote was telling:

For the first time in recent memory, senior technology leaders’ No. 1 mandate is not to build technology to prepare for business growth.  Instead the top IT priority across Wall Street is to manage technology efficiently.

But…  having just read the 2008 Financial Information Forum year-in-review that showed the market data for EVERY asset class increasing, I have to wonder whether we’re setting ourselves up for a market data crisis.  Not sure the cloud computing junkies are going to give us a sunny day on that one.

=rob.ciampa

Tags: wall street & technology (3) it (1) cloud computing (1) market data (4) financial information forum (2) 

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