Welcome to a new year of FierceFinanceIT. We are looking forward to continuing to watch many of the big stories of 2013 that will continue to grow and develop in this new year – the emergence of SEFs, the effects of the Volcker Rule, the bond market's various efforts to find new ways to embrace electronic trading, to name a few.
Beginning in January, 2014, FierceFinance will become part of FierceFinanceIT. Technology drives an ever-increasing portion of the investment, trading and asset management sectors. We're following suit, increasing our focus on IT operations across the financial services industry.
There may be no better image of Wall Street's hunger for data – and Wall Street's largesse – than surveillance pictures taken by helicopter and satellite for the purpose delivering traders advanced trading information.
Never before has Wall Street been so excited about volumes of new regulations that will likely result in massive compliance expenditures. In fact, Wall Street's reaction to the final version of the Volcker rule released Tuesday reinforces the old principle that everything is relative.
IDC estimates that financial services firms worldwide will allocate more than $430 billion to IT spending in 2014. But as firms weigh how much to budget for data, cloud computing and other hot technology next year, some of these technologies are increasingly becoming part of the budget process in ways other than as line items.