SS&C finds IT spend climbing

SS&C Technologies has reported the results of its T+2 Preparedness Survey – evaluating firms’ planning for and attitudes towards the upcoming change to the new settlement cycle.

A majority of firms have started their assessment of technology and operations preparedness – 66 percent and 72 percent respectively – well in advance of the 2017 implementation of T+2 settlement. According to the survey, those who have not started these assessments largely indicated they would begin in the first half of 2016. A small number of respondents, solely from buy-side firms, noted they would wait until 2017 to assess their operational preparedness.

The survey of 50 executives from buy-side, sell-side, and custodian firms was conducted at the ISITC Annual Forum last month.