Central Clearing of Swaps: $3.3 Billion Tech Spend
By Chris Kentouris
Published September 28 2011 Securities Technology Monitor
Where will the $3.3 billion go? Connectivity to clearinghouses will take up the greatest chunk followed by improvements in downstream processing.
Among the types of technology which must be licensed or built: software for novations, valuations, trade matching and management, trade accounting and reporting, collateral management, data handling and storage and other back-office processing.
full article (free)