Global trading technology market set to grow - report
02 July 2007 | 3456 views | 0
The global market for dealing technology is set to grow by seven per cent by 2010, adding around 25,000 trading positions, according to new analysis from Kimsey Consulting.
The research, which analyses the current and forecast size of the trading technology market in more than 50 countries, found that the global market currently consists of more than 65,000 firms and more than half a million trading positions.
Currently around 40% of trading positions are in banking institutions, says Kimsey. The largest single market is the US, with more than 31,000 firms and more than a quarter of a million trading positions. For comparison Europe has around 16,000 firms and approximately 165,000 trading positions.
However by 2010 there will be an increase of around 2000 firms participating in the global trading market, says Kimsey, leading to the creation of approximately 25,000 new dealing positions.
Commenting on the analysis, report author Stephen Kimsey says the findings highlight the global variation in both the size and the rate of change of the existing and forecast market for trading technology.
"In an increasingly competitive global environment, technology providers need to understand not just the size and structure of their existing markets, but also where the opportunity will exist in the future," he adds.