Asia-Pacific Spending on Trading Technology Hit US$7.5 Billion in 2007, Kimsey Says

Global expenditure on trading and related technology and services was an estimated US$45.8 billion in 2007 – of which firms in Asia-Pacific spent some US$7.5 billion - according to research from the trading technology market research and advisory services company Kimsey Consulting. Expenditure on applications and associated hardware and services was an estimated US$28.8 billion, almost three times the amount spent on information (market data, news et cetera). Expenditure on telecommunications (trading turrets, voice lines, recording et cetera) was an estimated US$6 billion. “Though growing economic uncertainty is likely to see mature markets remaining comparatively static, continuing development and expansion of financial, commodities and energy trading activity in emerging markets will support continued growth of the global market for trading and related technology and services”, reckons Stephen Kimsey, principal of Kimsey Consulting.

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