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Global Exchange Market Spent USD2.72 Billion On IT In 2006, Says TowerGroup

A new report from TowerGroup finds that total IT spending across the global exchange market is growing only slowly. TowerGroup estimates exchanges globally spent USD2.72 billion (USD) on IT in 2006 and that this spending will grow at a rate

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A new report from TowerGroup finds that total IT spending across the global exchange market is growing only slowly. TowerGroup estimates exchanges globally spent USD2.72 billion (USD) on IT in 2006 and that this spending will grow at a rate of 3 percent through 2009, breaking down to 4 percent in 2007 and then slowing to 2-3 percent from 2007 to 2009. Spending in the US is growing the slowest, with Europe growing moderately and Asia growing the fastest.

The TowerGroup report titled, “Will Exchanges Represent the Next IT Spending Boom?” by Dushyant Shahrawat, the research area director in the Securities & Capital Markets research service at TowerGroup, examines changes in IT spending in the exchange sector, analysing the factors driving technology decisions and providing spending estimates by each major geographical region.

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