Derivatives IT spend to hit $5.75bn by 2009
Boston-based financial services consultancy TowerGroup estimates that global IT spending on derivatives will grow 18% annually over the next three years, as dealers invest in risk management, processing, pricing and analytic systems.
TowerGroup says it expects buy-side derivatives usage to "explode", bolstered by the shift to electronic trading, the search for alpha returns and regulatory changes in the US which are opening derivatives up to pension funds and institutional money managers.
The
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