Due to the decline in buy side’s reliance on sell-side investment research and money managers’ increasing interest in automating and aggregating research, the buy side will increase its expected $586 million on research technology this year by 22% a year to $1.1 billion by 2010.

Buy-side asset management firms are increasingly interested in aggregating internal analysis, broker research, independent research, outsourced analysis and other research tools. These findings are according to a new report from TowerGroup.

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