Technology Trends in the Australian Capital Markets
Abstract
IT spending in Australia’s capital markets is growing slowly. However, deregulation and internationalization provide opportunities for both financial institutions and technology vendors.
For reconciliations, the major spending will be in international reconciliations, auto consolidation/matching, and single reconciliation application across all aspects. For back office processing, the major spending will be used for putting in back office technology to enable value-added services, such as portfolio allocations among clients. For post-trade analytics, compliance and increasing emphasis on analytics are the major drivers.
In the report Technology Trends in the Australian Capital Markets, Celent examines market size, regulation, drivers, and customer segmentation.
“International vendors can focus on tier one, tier two, and international financial institutions, because they have the internationalization requirement, and will adopt international vendors’ systems,” says Hua Zhang, an analyst with Celent’s Asian Financial Services group and author of the report. “Cloud-based solutions are acceptable, because there already are some cloud-based and BPO applications in the securities industry, such as algorithmic trading and investment analysis systems.”
This report provides an overview of technology trends in Australia’s capital markets, as well as regulatory, business, and customer trends.