By Dan Ilett, 31 August 2006 12:40
NEWS
Hedge funds are ramping up their use of technology to cope with increased financial regulations and lower profit margins.
As a result, global hedge fund investment in IT is set to reach $3.3bn by 2009, according to a study by analyst Datamonitor.
The analyst said hedge funds will use technology to improve execution time.
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Most of the IT spending will be focused on Asia and Europe in the next few years. The analyst estimates it will reach $194m and $414m respectively by 2009 as companies look to upgrade systems to process higher volumes of more complex trades.
Companies are also looking to improve the availability of real-time data to enhance the investment decision-making process.
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