For Front Office, More of the Same Means More $$$$
Front-office technology spending is in something of a steady state-of growth-as system-integration and electronic-trading requirements push both buy- and sell-side firms to increase processing speeds, system capacity and productivity and improve the level of services they deliver to clients.
Electronification of trading and the transformative influences of hedge funds and alternative investment strategies ranked first and second on TowerGroup analyst Dushyant Shahrawat's list of the top ten brokerage industry business drivers for 2007. But there's nothing new about these well-established trends, and they exist within a decisionmaking framework that isn't changing much year to year. Shahrawat, research area director of the Needham, Mass. firm, listed the overriding technology priorities as "aligning information technology with new growth opportunities, containing costs, bolstering electronic trading efforts and moving toward service-oriented architecture."
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