Some 76 per cent of financial technology executives are planning to increase IT spending over the next 12 months, while 55 per cent are shifting more of their overall capital to managed solutions, a new poll by Bloomberg shows.

The poll was taken at Bloomberg LINK's Enterprise Technology Summit, with attendees including over 100 chief information officers and technology decision-makers from financial services firms.

Of the respondents, the vast majority are planning to boost their technology budgets over the coming year, while 7 per cent expect to make no change to theirs, and 17 per cent plan to decrease it.

Meanwhile, managed solutions appear to be gaining in popularity, with over half of the executives currently increasing the overall share of capital spent on managed solutions. Of the remainder, 33 per cent said they would not be increasing the proportion and 12 per cent weren’t sure.

Unsurprisingly in the current political and regulatory climate, 84 per cent of the survey sample had upped their spending on compliance systems over the past two years. Meanwhile, only 5 per cent had decreased it over the same time frame, according to Bloomberg.

On infrastructure investment, 45 per cent of respondents thought cloud computing had yielded the greatest return on investment over the last year. This was followed by low-latency trading (cited by 33 per cent) and complex event processing (23 per cent).