As markets have turned more volatile after the relative calm of the middle part of the decade, financial companies are boosting spending on risk management systems, according to a study by Paris-headquartered technology firm Sophis.

At a recent investment industry seminar, 100 finance professionals were asked about their spending plans on risk management. Some 63 per cent of respondents told Sophis that they have raised spending on trading and risk management technology over the past 12 months and 57 per cent of them expect to increase further over the next 12 months.

Founded in 1985, Sophis provides cross-asset, portfolio and risk management technology for the capital markets, asset management and insurance industry.