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Rethinking Private Clouds
A veteran IT consultant wants clouds built on open source technology to support back office systems and consolidated services for the buy side.
Veteran IT management consultant Aditya Watal is urging trading firms to look at private clouds in a new light, starting with the greater use of open source technology. He would also like to see mainframe-based, back office systems move to private clouds, and a cloud offering for buy-side firms that combines fund processing, operations and IT services.
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