Increased efficiency will be a key driver for financial firms in 2013 and there are numerous cost cutting oppotunities out there, says Galen Stops
The new year has brought little respite for the ongoing
challenges faced by many firms in the capital markets at the
moment. Trading volumes remain subdued, banks are deleveraging
and many investors are sitting on the sidelines until the
regulatory and economic landscape clears.
Therefore it's not surprise that many firms have made New
Year's resolutions to cut costs around the business. But while
cutting expenditures is an important goal for many, it must not
come at the expense of performance.
This relationship between investment and performance is a
tense one and the question always remains: is it realistic to
reduce the former while maintaining the latter?
"Broadly in our space, which tends to be the very high
performance space, we continue to see a push around best
performance at best value as opposed to best performance at all
costs," says Mark Casey, president of low latency specialists
CFN Services, which deploys and manages low-latency networks
and private cloud solutions.
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