Technology budgets in the capital markets arena are set to grow by six per cent over the coming year as IT teams grapple with demands for lower latency and regulatory reform, according to forecasts from analyst house Aite.
Technology spending for 2011 will be focused on regulation and compliance, with systems integration, risk management, information security, and client reporting topping the list of technology priorities, says Aite.
The firm bases its projections on interviews with 24 chief information officers and equivalents at capital markets firms worldwide.
"As more CIOs look to outsource non-differentiating components of their infrastructure, Aite Group expects that certain groups of vendors will have rare opportunities to unseat internal development in 2011," says Adam Honoré, research director with Aite Group. "Vendors should be ready with fully-managed offerings and an easy integration story to fully capitalise on the shift."