Cloud computing challenges, compliance headaches and retaining fickle young talent in a world of shrinking bonuses were some of the topics discussed at yesterday's MarketTech 2012. Sponsored by Tabb Group, a bevy of capital markets technologists from sell-side and buy-side firms shared their thoughts -- and fears -- about what needs to be done in the arena of financial IT. The following is a sample of the quotes that caught our attention.
1. Dust Off Those Cobol Skills
With the financial services industry spending 73% of IT funds on maintenance, why would an up and coming developer come to financial services? How can that compare to building the next iPhone?
— Steven J. Sadoff, executive vice president, global head of operations, services & technology, Knight Equity Markets, on the challenge of retaining young IT talent.
Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio