I work on the technology side and am astonished at how archaic things are here. Are all PE the same when it comes to their technology organizations? TC: 250 YOE: 10
Itโs not their core competency so thereโs no reason for them to invest in it. Trading firms need better tech so they do invest
The entire financial industry is archaic for the most part. They view engineering as a cost center. Canโt have 2 yachts if you migrated everything to the cloud lol.
I've always worked in finance....this is next level of archaic. But valid point... I can definitely see the business thinking of technology as just a cost center