Buy-side trading technology spend to hit $757 million by 2010
NEW YORK – According to a new Celent report, Trends in asset management trading technology, buy-side system spending will increase from $634 million this year to $757 million in 2010, a 4.6% annual growth rate.This growth will occur as technology developers pursue smaller-tier clients in light of their increasingly saturated traditional markets of large- and mid-sized managers.
Report author Denise Valentine expects pressure on vendors to lower prices for their trading offerings as a number of
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