UK-based financial trading institutions can expect to experience a 10 per cent increase in trading and related technology investment this year, according to a survey by Kimsey Consulting. Although the study is predicting the first general increase in demand for several years, the UK market is still an estimated 30 per cent lower in value in comparison to the late 1990’s. The study showed that trading IT spend is shifting toward annualised revenue accounting, reflecting the importance of cost control as trading IT management work to maintain up-to-date systems. There is, however, growing evidence that trading technology buyers expect more from their IT investment, maintaining the pressure on technology vendors and service providers. The survey indicated that Reuters will continue to be the major provider of market information, with approximately 40 per cent market share and an approximate 50 per cent share of all information service budgets. The number two player is Bloomberg, with a resurgent Moneyline/Telerate in third place and Thomson Financial in fourth.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.