Product Type: Market Research Report
Published by: TowerGroup
Published: April 2008
Product Code: R301-1445Description 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.
Table of Contents - 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
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