Looking Ahead To 2009

摘要

One ofthe difficulties in assessing IT spending needs in capital markets is distinguish-ing between what people are focused on and what they should be focused on. As we look to 2009, there are key areas on which capital markets players will be focused as well as some important areas that may be overlooked. Preliminary results from Aite Group's capital markets technology survey indicate a 5 percent average cut in technology spending. One-third of senior technologists surveyed anticipate that the back office will receive the short straw in 2009 (see related table, opposite page). Other key areas identified for trimming include reference data and derivatives processing, which seems counterintuitive given what is likely to occur in the market. Hemor-rhaging in the prime broker space means there is room for tier-two and foreign players to make a play. In the custodial space, firms servicing registered investment advisers (RIAs) will be busy bringing on new accounts. 2009 will find that market active as more advisers decide that their brand umbrellas no longer have the value they once held and opt out of wirehouses.