Fixed Income, FX Drive 2007 Data Spend

Global spend on financial data could reach $24.3 billion in 2008, driven by demand from sales and trading operations, up from $23 billion last year, according to research released last week from Burton-Taylor International Consulting.

Broken down by region, the Americas accounted for $11.75 billion, while firms in EMEA and Asia spent $8.52 billion and $2.72 billion last year, respectively. Fixed-income and foreign exchange sales and trading groups account for the largest spend on financial data in every region, says Douglas B Taylor, managing partner at Burton-Taylor. The sophistication of fixed-income instruments makes associated data products proportionally more expensive, while data products used in equity sales and trading, such as exchange feeds, have become relatively commoditized, he says.

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