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Bloomberg’s recent admissions that it overstepped a boundary or two when it allowed reporters to regularly access clients’ customer relationship management data is more than just a tempest in a terminal. Major Wall Street firms are demanding to know more because of the potential confidentiality, compliance and security breaches that may have resulted from this high-tech snooping...Read More

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The Buy Side Cautiously Embraces the Cloud
Buy-side firms prefer cloud services for business purposes first and then for financial apps.
Jun. 05, 2012 | Comments | Print

The buy side may be giving in to the savings of cloud computing, but only 50% of those surveyed recently by IDG Research Services say they use the cloud for financial applications. Nearly two-thirds of the hedge funds, fund-of-funds, private equity and investment management firms questioned are using the cloud for basic business and office functions.

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