There is plenty of analysis and commentary on how capital markets regulations are altering the market structure of a number of different asset classes, affecting the ability of buyside firms, investment banks and even ‘average Joe’ investors to interact with these markets. However, there is very little commentary, if any, on how these regulations are impacting software vendors that provide crucial infrastructure technology. GreySpark Partners lead consultant Anna Pajor posits that, overall, capital markets software and hardware vendors benefitted from the regulatory fallout of the financial crisis if they have focused on developing products around the core themes of the post-crisis era – business process efficiency and transparency.