Tech Spending Drives Increases in Buy-side Trading Desk Budgets

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Although headcounts among institutional trading desks held steady from 2018 to 2019, it’s clear that increases in buy-side trading desk budgets are being driven by technology spending. Average buy-side trading desk budgets increased a modest 4% last year in the U.S and Europe. According to new data from Greenwich Associates, annual budgets average $2.8 million for fixed-income trading desks, $1.8 million for equity trading desks and $1.6 million for FX desks. In general, desks trading less liquid asset classes allocate more to technology, with fixed-income trading desks devoting 41% of their total budget to technology, versus 36% in equity.

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