Credit Crunch Opportunity: IT Spending Imperative in a Time of Crisis : Market Research Report

Credit Crunch Opportunity: IT Spending Imperative in a Time of Crisis

Published by: TowerGroup

Published: Apr. 7, 2008 - 6 Pages

Report Coverage
Background: Exhibit 1 Top 10 Write-downs by Financial Institutions (June 2007 - March 2008); Exhibit 2 Securities Industry Employment (1992-2007) and 2008 Announcements Suggesting Decline
Why Brokerage Firms Need to Keep Spending on IT: Exhibit 3 Chicago Board of Options Volatility Index (VIX) (2004-08E)
Where Brokerage Firms Should Be Spending Their IT Budgets
Summary

Abstract

History cannot repeat itself; circumstances change, as do the players. The US mortgage meltdown of 2007 and ensuing credit crunch will in time be just another chapter in the story of the cyclical nature of global securities markets, albeit one with devastating consequences: Firms have posted serious losses, senior management has been ousted, layoffs continue, and prominent institutions falter. The paradigm is unlike that of previous events that roiled the financial markets, though, because state-of-the-art trading technology has become a competitive differentiator. This ViewPoint advises brokerages not to cut their IT budgets and recommends the best allocation of those funds.

Get Full Details About This Report >>

US: 800.298.5699

Int'l: +1.240.747.3093

advertise with us

About MarketResearch.com
MarketResearch.com is an online aggregator selling over 160,000 market research reports, company profiles and country profiles from over 600 research firms. Our reports will provide you with the critical business and competitive intelligence you need for strategic planning and marketing research. Coverage includes the US, UK, Europe, Asia and global markets.

Credit Crunch Opportunity: IT Spending Imperative in a Time of Crisis

Table of Contents

Abstract