- February 11, 2008
- Posted by: David Tabaka
- Category: Market Data, News
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.
Read the full story here: http://www.waterstechnology.com/inside-market-data/special/1614651/fixed-income-fx-drive-2007-data-spend