Mixed Outlook For UK Trading Technology Vendors In 2008 - UK Spend On Trading Technology Forecast To Reach £3.4 Billion

Expenditure on trading technology in the UK is forecast to reach £3.4 Billion in 2008, according to the 20th annual UK Dealing Room Survey, published by Kimsey Consulting. The survey forecasts an overall rise of around 4% in 2008, compared to the estimated 10% increase in 2007.

Key drivers in 2007 were growth in trading volumes (3/4’s of firms surveyed reporting growth), and growth in the number of trading positions (more than half of firms surveyed reporting an average rise of 10%).

The outlook for 2008 is mixed, with just under half of surveyed firms uncertain as to staffing levels in the coming year (on and off the trading floor). Spend by larger trading operations is forecast to be flat, whilst smaller trading operations (~100 trading positions) are expected to continue investment, particularly in trading and support applications (now accounting for more than 1/3rd of technology spend).

Independently researched and published by market research and advisory services company Kimsey Consulting, The 2007 UK Dealing Room Survey provides a detailed review of the state of the trading technology sector in one of the worlds leading financial trading regions, providing coverage of a wide range of topics, from the dynamics of the trading environment, through technology sectors such as market data, newswires and applications, and data such as market share, customer satisfaction, purchasing intentions, etc.

Survey respondents (including both end-users and technology management), named Bloomberg as the overall best trading technology vendor.

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