According to a new Aite Group report, the financial services industry will spend $15 billion in brokerage, clearing and exchange fees in 2006.
The group’s report expects the industry to have a Compound Annual Growth Rate of 18.95% over the next four years, indicating a trend among financial institutions toward inflating operational initiatives instead of focusing on technology to manage rising trade volumes more efficiently.
Though there are many small efforts underway, the report found some enthusiasm among back-office personnel to improve their ability to clear and settle transactions.
The report offers a glimpse of operational tendencies as based on trade pressures, industry focus and alternative investments.