Incentives needed to close gaps in industry efficiency

Brokers, custodians and fund managers say a lack of industry-wide incentives is slowing the march towards automation.

The financial markets' top leaders agree that a lack of industry-wide incentives for automation is slowing the march toward greater efficiency in the global securities industry, according to the findings of a report released today by the Tabb Group and sponsored by Omgeo, the leading global provider of post-trade, pre-settlement solutions.

Providing incentives for industry-wide automation is therefore becoming vital, the study found, as firms are increasingly focusing on enhancing their internal technologies, leaving external gaps...

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