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High hopes, high costs for Wall Street's high technology.

In investment firms' haste to innovate, many invested poorly in technology. Although Wall Street leaders recognize the importance of technology, they do not fully understand it. Over time, however, people who are knowledgeable about both technology and the securities business will become senior en...

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Published in:Economist Vol. 318; pp. 75 - 77
Format: Article
Published: Economist Newspaper Limited February 2 1991
Subjects:
Investments > Data processing
Portfolio management (Investments)
Information storage & retrieval systems
Stockbrokers
Investment banking
Securities industry
United States
Online Access:View this record in EBSCOhost