NA Financial IT spends pegged at $55.2 bn

NEW YORK: Sybase, Inc., player in enterprise and mobile software, recently announced the release of the Sybase Capital Markets Guide 2010. Co-authored by Sybase executives, partners, academics, and industry analysts, the guide examines the complex facets that characterize today's world of high-speed, high-performance trading. The guide suggests what the future might hold under a dramatically new financial services regulatory regime and how intensified computing demands wrought by financial services reform is expected to contribute to an increase in IT spending by North American financial services firms, from $51.3 billion in 2010 to $55.2 billion in 2012.

Introducing the Sybase Capital Markets Guide 2010, Sybase chairman, CEO and president, John Chen writes: "With risk and regulation leading most conversations in the financial services market, there's a shift toward striking a balance between aggressive tactics and minimizing exposure. That is, finding the optimal strategy that delivers reward without undue risk. Companies must be confident about their risk exposure and their portfolio valuations."

Dr. Raj Nathan, Executive Vice President and CMO, Sybase adds "The Capital Markets Guide not only draws from our own extensive industry experience, it also includes  insights from industry experts describing how a more data-centric approach and more effective management of information flow and risk are helping shape competitive advantages among capital markets firms."