SuperDerivatives reports strong demand

With the current scrutiny on budgets, it is inevitable that IT spending will come under some pressure. According to a recent report from consultancy Celent Communications: “Global information technology spending by financial services institutions will reach $358 billion in 2008.” While this is still a 4.5% increase over 2007, it is, says the firm, “substantially lower than the 6.4% growth achieved in 2007. The financial crisis and economic uncertainty have financial institutions tightening their belts.”