Last month, Aite Group published a report on IT spending at capital markets firms for 2009. Completed with the help of Wall Street & Technology magazine and based on surveys of 28 senior technology executives at a cross-section of capital markets firms, including hedge funds, retail brokerages firms, sell-side firms, private client groups, traditional asset managers and full-service firms, the report predicts an average technology budget cut of 5% for 2009.
Additionally, the report identifies cost reduction as the number one business objective for technology spending in the year ahead, followed closely by risk management. So with cost reduction at the top of the list, it's no wonder that the proverbial 'do more with less' is being bandied about in 2009 prediction lists, blog posts and press articles.
What does that mean for market data storage? For years now, data volumes have been growing exponentially and while there is no end in sight to these increases, there are financial and physical limits on a firm's ability to store this vital information especially given the current economic climate. To help Vhayu clients do more with the technology infrastructure they already have, we introduced a hybrid hardware/software solution, Velocity Squeezer that works seamlessly with our Velocity tick database and delivers at least four times compression of all data.
We have received positive feedback from clients who are using the Velocity Squeezer compression solution. One firm in North America has not only achieved the expected reduction in their TAQ data storage but is also experiencing faster simple query performance and now looking at cards for additional production servers. For more information about doing more with less in a market data storage context, please visit the Vhayu website or contact us.
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