This story gives an overview of the presentation I gave at the Accelerating Wall Street conference in May 2010. Much of the data was based off our our Sell Side Technology study from December 2009.
“Clearly the sell side loves its data centers,” McPartland told the audience. “There’s a lot of horsepower that has to sit behind these equity businesses. … It’s getting more and more complex to manage the infrastructure.”
And more costly. Equity firms spent $1.8 billion last year on data centers; half of that total came from sell-side shops, according to the TABB Group report, which predicts that the sell side’s use of data center space will increase slightly in 2010.