FX technology spend will double by 2013, says Celent
Competition to increase market share in foreign exchange continues to drive an increase in IT spend, and total expenditure across the industry will increase by 48.6% by 2013, according to new research published by Boston-based research and consulting firm Celent on May 3.
In a 36-page report, Technology systems in the global FX market, Celent estimates $1.23 billion was spent on FX technology across the buy side and the sell side in 2010, up from $1.09 billion in 2009. By 2013, it expects that
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