U.S. Trading Technology Spend Slowed in 2008 by Credit Crisis

摘要

The fallout from this summer's credit crisis likely will have a ripple effect on trading technology spending in the coming year, according to Stephen Kimsey, principal at Kimsey Consulting. But Kimsey says that any spending downturn will depend on the outcome of the credit crisis and the speed with which it is potentially resolved. "Our expectation is for any pain in trading spend to be felt for a period of months as opposed to years," he relates.rn"Trading technology spend does not follow the latest fads," Kimsey explains. "The majority of spend will continue to be on systems development — the majority of trading technologists that we speak to have a comparatively large backlog of projects."