Financial firms are doubling their annual technology spend to cope with the increasing pressures handling the surge in the volume of market data.
A new report from independent market analyst Datamonitor, The Growing Significance of Market Data within Financial Markets, investigates the technologies demanded by the financial markets industry. It says European and US hedge fund and fund management firms' expenditure (buy side firms) on front office market data infrastructure is set to reach US$484m by 2009. Total European and US financial services industry front office market data IT expenditure is currently $2.1bn, with an increase expected on market data storage in 2008. Study author and Datamonitor financial services technology ...
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