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Citi Prime Finance’s 2011 IT Trends & Benchmarks Survey
Medium Funds
: Software Spend by Category
• Interestingly, medium funds allocate their software
budget based on the same order of importance as
their smaller peers, spending the least on fnance and
compliance, and the most on trading and portfolio
management
• Total software spending for medium funds is
$136,000 USD, on average
• The following chart demonstrates how much money
medium funds are allocating toward various
software functions
Source: Citi Prime Finance
0
5,000
10,000
15,000
20,000
25,000
30,000
Source: Citi Prime Finance
0
10
20
30
40
50
60
70
80
90
Buy
Build
Medium Funds
: Software Approach by Category
• Medium funds acquire applications from a variety
of sources: software vendors, service providers,
in-house and outsourced developers
• Funds in this segment become more likely than
their smaller peers to build foundational capabilities
such as portfolio management and trading
Software