Business Focus provides at-a-glance statistics and commentary on spending priorities and trends in particular sectors. This week: stockbrokers, securities firms and commodity traders.
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With more than three times the average UK spend on IT hardware, stockbrokers, securities firms and commodity brokers operate to their own set of IT rules.
Brokers need rapid real-time data from many sources, so high-spec desktop systems must be able to handle financial calculations rapidly and run power-hungry visualisation software.
In the back-office, high-end servers are popular for complex payment systems.
The use of algorithmic trading systems to perform complex calculations and automatically trade stocks, bonds and commodities in electronic markets could drive even greater IT spending in this sector in the years ahead.
The analysis is based on Computer Weekly's database of more than 60,000 IT budget holders, twice-yearly user IT expenditure surveys, CBI/Kew senior executive surveys, government surveys, government demographic data, HM Treasury economic forecasts and Cambridge Econometrics industry sector forecasts.
Further details: www.kewassociates.co.uk