Demand rises for cheap ASP-based risk technology systems
customers more comfortable using web-hosted technology
Hedge funds' appetite for cheap, easily-delivered ASP-based technology is growing, according to a well-known hedge fund software provider.
Michael Thompson from US risk management software provider, Risk Metrics, said the ease of providing ASP packages and of adding modules to ASP-based systems, compared with installing them on servers, is driving demand.
'Customers do not want to have to have servers and they are becoming more comfortable with the notion of not housing their data. In general I
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