eFX Spend to Nearly Double in 2010
ORGANIZATION AND MANAGEMENT
LONDON—Sell-side firms in the foreign exchange (FX) markets will almost double e-commerce spending by 2010, according to a study done by London-based market research firm ClientKnowledge.
Sell-side firms currently spend a combined total of approximately $390 million annually on technology, of which 60 percent is allocated to external spending, according to the research. Over the next 12 months, ClientKnowledge research ers say they expect spending to increase this figure to approximately $480
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