Global spend on trading and related technology and services reached an estimated $45.8 billion in 2007, according to a new report from Somerset, U.K.-based Kimsey Consulting. Currently, the U.S. accounts for around 35 percent of the total global spend on trading and related technology and services, Kimsey says. The second-largest market is the U.K., which accounts for approximately 14 percent of the global spend.
Last summer, Kimsey estimated that the market for trading technology would grow 7 percent by 2010, and that firms would add about 25,000 trading workstations to the existing half-million worldwide. The global market for trading technology currently consists of more than 65,000 firms.
Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio