21 October 2017
visit www.response.ncr.com

Dealing room refits fuel US trading technology boom - Kimsey

16 July 2007  |  4363 views  |  0 Dealing Room

Expenditure on trading applications and telecoms is growing at 10% per annum in the US Tri-State region with no sign of an imminent slowdown, according to the latest report from Kimsey Consulting.

Total spend on trading technology in the New York Tri-State region is now five per cent higher than 12 months ago, running at an estimated USD$5.9 billion says the Kimsey report.

The upward trend is likely to continue as an estimated one-in-five dealing rooms enter a technology refit/upgrade stage over the course of the next 18 months, says Kimsey.

Firms interviewed in the 2007 study had a total of 20,000 trading positions, and 6,000 off-floor positions.

Amongst the 60+ survey questions, respondents are asked to score their satisfaction with vendor applications. GL Trade was ranked top overall for market data provisioning, beating out Thomson Financial which ran out tops against rivals Reuters and Bloomberg. The best newswire service was judged to be Dow Jones Newswires. BondDesk took the honours for top trading platform, and Trading Technologies ranked highest for trade capture. IPC was judged the pre-eminent turret supplier.

The report also found growing confidence in the application of voice over IP technology. Almost three quarters of firms quizzed now regard VoIP as a suitable technology for the trading floor, compared to around two-thirds in 2006.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

JPMorgan to build new HQ at World Trade Center site

JPMorgan to build new HQ at World Trade Center site

14 June 2007  |  4231 views  |  0 comments
Spending on OTC derivatives IT to hit $1.3bn in 2011 - TowerGroup

Spending on OTC derivatives IT to hit $1.3bn in 2011 - TowerGroup

05 April 2007  |  9771 views  |  0 comments
Need for speed ramps up invesment bank tech spend

Need for speed ramps up invesment bank tech spend

02 April 2007  |  6309 views  |  0 comments
Financial technology spending on the rise in 2007

Financial technology spending on the rise in 2007

29 March 2007  |  8196 views  |  0 comments
Financial industry leads other verticals in spending on servers

Financial industry leads other verticals in spending on servers

14 March 2007  |  6408 views  |  0 comments
IT expenditure by exchanges to slow, says TowerGroup

IT expenditure by exchanges to slow, says TowerGroup

07 February 2007  |  4778 views  |  0 comments
Spending on trading technology to exceed £3bn in UK

Spending on trading technology to exceed £3bn in UK

06 July 2006  |  6327 views  |  0 comments
Dealing rooms warm to VoIP

Dealing rooms warm to VoIP

06 March 2006  |  6184 views  |  0 comments
Royal Bank of Scotland mulls world's largest trading floor

Royal Bank of Scotland mulls world's largest trading floor

16 December 2005  |  14563 views  |  0 comments
Finextra and BT assess use of IP on the trading floor

Finextra and BT assess use of IP on the trading floor

28 November 2005  |  4872 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.vasco.comvisit www.atos.net

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
9151 views comments | 22 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8739 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7855 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7348 views comments | 10 tweets | 22 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6964 views comments | 14 tweets | 23 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job