FX leads the way in buy-side technology spend – Greenwich
Investment in FX technology rose 15% in 2014
Buy-side foreign exchange desks spent 15% more on technology in 2014 than the previous year, with the increase overtaking spending by other asset classes, according to a research report by Greenwich Associates.
According to Greenwich Associates 2014 Trading-Desk Optimization Study, of the $12.2 billion spent annually by buy-side firms on their trading desks, $4.4 billion went on technology. FX desks spent 45% of their budget on software, hardware and infrastructure, compared with 39% in 2013.
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