Finance Breaking news Market data spending expected to see marginal decline in 2021 last financial news

Breaking-Finance.Com - Global spending on financial market data is expected to decline marginally in 2021, with 33.7% of respondents in Burton-Taylor’s Financial Market Data/Analysis 2020 Global Demand Survey expecting spending to decline by more than 2%, with 8.5% of respondents expecting total spending to decline by 6% or more according to a new study published today by Burton-Taylor International Consulting, part of...

Finance Breaking news Market data spending expected to see marginal decline in 2021 last financial news

Breaking-Finance.Com - Global spending on financial market data is expected to decline marginally in 2021, with 33.7% of respondents in Burton-Taylor’s Financial Market Data/Analysis 2020 Global Demand Survey expecting spending to decline by more than 2%, with 8.5% of respondents expecting total spending to decline by 6% or more according to a new study published today by Burton-Taylor International Consulting, part of...

Finance Breaking news Market data spending expected to see marginal decline in 2021 last financial news
04 August 2020 - 13:30

Breaking-Finance.Com - User segments expected to see the largest declines included salespeople and corporate C-Suite users, with 15% and 13% in each category expecting spending declines in excess of 6%, respectively.Despite the broad economic impact of COVID-19 shutdowns, the financial industry remains uncertain about the influence on market data spending, with just over half of respondents (54%) expecting COVID-19 to have a significant influence on market data spending in 2021 while 46% expect little to no influence from the virus on spending activity.A smaller percentage of our respondents expect market data spending to increase in 2021, with 23.0% expecting spending to increase by 2% or more, and 5.4% expecting spending to increase by 6% or more.

. The growth expectations represent a continuation of recent trends, with the segment seeing a 10% in spending in 2019.“Although market data spending is expected to decline marginally in 2021, there are a number of segments where our respondents see outsized growth. Demand for data that can help decipher the impact of Covid- 19 on economic prospects remains in high demand, as are data sources that can support corporate credit evaluations,” says Robert Iati, Director at Burton-Taylor. “The survey results also reinforce the importance of risk management processes in the new distributed work environment, as monitoring risk parameters from staff working at home raises significant compliance concerns.”

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Finance Breaking news Market data spending expected to see marginal decline in 2021 last financial news


Finance Breaking news Market data spending expected to see marginal decline in 2021 last financial news


Finance Breaking news Market data spending expected to see marginal decline in 2021 last financial news


Finance Breaking news Market data spending expected to see marginal decline in 2021 last financial news

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