What will it take to get Excel off the capital markets desktop? (Premium)

Capital markets are addicted to Excel. This ubiquitous piece of software has been the target of every major desktop application vendor for years. The goal is to obviate the need for traders, middle office and back-office users to use Excel to plug the gaps in their business processes. With all the effort against it, why is Excel still the one indispensable fintech application, and what would it take to displace it?
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