Canadian investment managers worried by legacy systems


Outmoded systems and processes continue to hamper progress in operations at Canadian investment management firms according to tech company Omgeo. In a study of 19 firms in the country, the post-trade operations company found 70% of respondents felt antiquated systems were acting as a "roadblock" to progress in efficiency. In particular, the study noted so-called "legacy" systems historically inherited without updating are proving problematic. "I think it's a fairly standard issue investment m