|By Marketwired .||
|January 9, 2014 01:18 PM EST||
TORONTO, ONTARIO -- (Marketwired) -- 01/09/14 -- Despite another challenging year for Canada's investment industry, dealer firm CEOs are, overall, optimistic about the outlook for 2014, according to survey results released today by the Investment Industry Association of Canada (IIAC).
According to IIAC 2014 Capital Markets Outlook: A Survey of Canada's Investment Industry CEOs, 48 per cent of respondents predict the state of capital markets will be more or less the same as last year while 39 per cent feel conditions will improve.
"The fact that half of industry CEOs see the state of capital markets as being more or less the same as last year signals stability," said Ian Russell, IIAC President and CEO, during a keynote address to the Empire Club of Canada's 2014 Investment Outlook Luncheon. "From an investor's perspective, this is an important and positive sign.
"Furthermore, this tepid confidence echoes last year's survey results, which found executives expressing cautious optimism about 2013. Those expectations were borne out. Last year saw slow but steady growth - giving us reason to be optimistic that this year's results will also confirm our survey findings."
Forty-eight per cent of investment dealer CEOs predict improved results for firm profitability while 36 per cent feel conditions will be more or less the same for their firms in 2014. Of note, 10 per cent say there will be significant improvements - something which not one CEO anticipated last year.
"This reflects the major efforts many small firms have made to cut costs, add scale, build business and generally put themselves on a sounder footing. If the overall picture improves, they are positioned to benefit," Russell says.
The IIAC survey also finds the majority of CEOs see investors as more likely to participate in the market (63 per cent), and reduce their holdings in cash and equivalents (also 63 per cent).
"This is a strong indication that after years of sitting on the sidelines, Canadian investors see 2014 as the year to get back in the game."
When asked whether they anticipate any changes in their firms' headcount, a majority of CEOs (52 per cent) say they plan to hire in 2014 while 42 per cent will keep a similar staff complement and just 6 per cent expect to downsize.
In his speech, Russell also pointed to the finding that fewer investment firm CEOs have plans to acquire a firm or enter into a joint venture in 2014 - only one-third as many as last year (10 per cent vs. 30 per cent).
"Why the reduced inclination to acquire? Quite simply, some of the most valuable small firms have already been bought out. Increasingly, firms are looking to expand, thinking it makes more sense to do so by buying the assets and hiring away the personnel they need," Russell said.
The news, however, is not all positive. According to Russell, many firms face a tough challenge just to survive. For some, he says, 2014 will determine whether their doors will be open next year.
"As was the case last year, the pre-eminent roadblock is the ongoing regulatory burden. When asked to list the top three barriers to growth facing their firms in 2014, 84 per cent cite regulatory pressures, similar to last year's percentage."
Underscoring the significance of this roadblock is the fact that the second most cited barrier - pricing pressures - was indicated by only 36 per cent of respondents.
Russell concludes: "In light of the tsunami of rules that have been put in place - and the burdens they create - the industry will increasingly be looking for clear justification for any new rules. The industry - and Canadian companies seeking capital - can ill-afford additional, unjustifiable regulatory burdens that discourage small business investment and undermine the growth and competitiveness of the Canadian economy."
About the Survey
The IIAC issued the survey in December 2013 to the CEOs of its 166 member firms. Survey respondents represent every region of the country and by business model: small retail dealers (35 per cent); institutional dealers (29 per cent); integrated dealers, including bank-owned (16 per cent); medium dealers (13 per cent); and large, non-bank owned retail dealers (7 per cent).
The IIAC - Representing Canada's Investment Professionals
The Investment Industry Association of Canada (IIAC) is the national association representing the investment industry's position on securities regulation, public policy and industry issues on behalf of our 166 IIROC-regulated investment dealer Member firms in the Canadian securities industry. These dealer firms are the key intermediaries in Canadian capital markets, accounting for the vast majority of financial advisory services, securities trading and underwriting in public and private markets for governments and corporations. The IIAC provides leadership for the Canadian securities industry with a commitment to a vibrant, prosperous investment industry driven by strong and efficient capital markets.
Manager of Communications
The Investment Industry Association of Canada (IIAC)
416.687.5475 - office direct
416.320.6920 - mobile
“DevOps is really about the business. The business is under pressure today, competitively in the marketplace to respond to the expectations of the customer. The business is driving IT and the problem is that IT isn't responding fast enough," explained Mark Levy, Senior Product Marketing Manager at Serena Software, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 18, 2014 04:00 PM EST Reads: 1,025
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete...
Dec. 18, 2014 03:45 PM EST Reads: 728
“We help people build clusters, in the classical sense of the cluster. We help people put a full stack on top of every single one of those machines. We do the full bare metal install," explained Greg Bruno, Vice President of Engineering and co-founder of StackIQ, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 18, 2014 02:30 PM EST Reads: 711
The cloud is becoming the de-facto way for enterprises to leverage common infrastructure while innovating and one of the biggest obstacles facing public cloud computing is security. In his session at 15th Cloud Expo, Jeff Aliber, a global marketing executive at Verizon, discussed how the best place for web security is in the cloud. Benefits include: Functions as the first layer of defense Easy operation –CNAME change Implement an integrated solution Best architecture for addressing network-l...
Dec. 18, 2014 02:00 PM EST Reads: 793
Mobile commerce traffic is surpassing desktop, yet less than 20% of sales in the U.S. are mobile commerce sales. In his session at 15th Cloud Expo, Dan Franklin, Segment Manager, Commerce, at Verizon Digital Media Services, defined mobile devices and discussed how next generation means simplification. It means taking your digital content and turning it into instantly gratifying experiences.
Dec. 18, 2014 12:00 PM EST Reads: 963
“In the past year we've seen a lot of stabilization of WebRTC. You can now use it in production with a far greater degree of certainty. A lot of the real developments in the past year have been in things like the data channel, which will enable a whole new type of application," explained Peter Dunkley, Technical Director at Acision, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 18, 2014 11:30 AM EST Reads: 812
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, p...
Dec. 18, 2014 11:00 AM EST Reads: 2,091
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com...
Dec. 18, 2014 10:30 AM EST Reads: 2,226
Verizon Enterprise Solutions is simplifying the cloud-purchasing experience for its clients, with the launch of Verizon Cloud Marketplace, a key foundational component of the company's robust ecosystem of enterprise-class technologies. The online storefront will initially feature pre-built cloud-based services from AppDynamics, Hitachi Data Systems, Juniper Networks, PfSense and Tervela. Available globally to enterprises using Verizon Cloud, Verizon Cloud Marketplace provides a one-stop shop fo...
Dec. 18, 2014 10:30 AM EST Reads: 1,776
Leysin American School is an exclusive, private boarding school located in Leysin, Switzerland. Leysin selected an OpenStack-powered, private cloud as a service to manage multiple applications and provide development environments for students across the institution. Seeking to meet rigid data sovereignty and data integrity requirements while offering flexible, on-demand cloud resources to users, Leysin identified OpenStack as the clear choice to round out the school's cloud strategy. Additional...
Dec. 18, 2014 10:30 AM EST Reads: 1,825
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover ...
Dec. 18, 2014 10:15 AM EST Reads: 2,056
The move in recent years to cloud computing services and architectures has added significant pace to the application development and deployment environment. When enterprise IT can spin up large computing instances in just minutes, developers can also design and deploy in small time frames that were unimaginable a few years ago. The consequent move toward lean, agile, and fast development leads to the need for the development and operations sides to work very closely together. Thus, DevOps become...
Dec. 18, 2014 10:00 AM EST Reads: 1,867
ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ -- IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and delivery with a single-tenant version of Bluemix, IBM's
"Our premise is Docker is not enough. That's not a bad thing - we actually love Docker. At ActiveState all our products are based on open source technology and Docker is an up-and-coming piece of open source technology," explained Bart Copeland, President & CEO of ActiveState Software, in this SYS-CON.tv interview at DevOps Summit at Cloud Expo®, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 18, 2014 10:00 AM EST Reads: 1,816
SYS-CON Media announced today that Aruna Ravichandran, VP of Marketing, Application Performance Management and DevOps at CA Technologies, has joined DevOps Journal’s authors. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. DevOps Journal brings valuable information to DevOps professionals who are transforming the way enterprise IT is done. Aruna's inaugural article "Four Essential Cultural Hacks for DevOps Newbies" discusses how to demonstrate the...
Dec. 18, 2014 10:00 AM EST Reads: 1,624