The combined annual worth of the sell and buy sides of the European markets for front, middle and back office trading and investment technology now stands at an estimated EUR22.9 billion, according to a new report from Kimsey Consulting. The report provides a detailed profile of the demographics for both the sell and buy sides of the trading and investment community in each of 17 European countries. Amongst its findings, Kimsey noted that the market consists of approximately 12,700 institutions, with a total of approximately 140,000 front office positions. In terms of participant institutions, the buy-side is around three times the size of the sell-side, yet accounts for only around one quarter of front office positions. Furthermore, the report revealed an estimated 4,500 front office positions involved in the European energy sector, compared to around 90,000 involved in treasury, 65,000 in securities and 40,000 in derivatives.
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Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
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