The ongoing credit crisis and the recent collapse of Bear Stearns have many securities technology vendors on edge--fearing, or already experiencing, declining sales figures. However, most industry observers and providers agree that although spending may be down this year, it is unlikely that the sector will see a drop-off reminiscent of the dot-com bust.
Information technology budgets are expected to continue to grow in 2008, but at a much slower pace than last year, according to a February report from research firm Aite Group. The study--"2008 Capital Markets IT Spending: Sanding the Edges in a Rough Risk Environment"--predicts that the average capital markets firm's IT budget will grow by about 10 percent this year.
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