20:20 Hindsight

Looking back at how technology has evolved, things have changed significantly since the days of video feeds wired into traders' desks. Trading can now happen anywhere, and is being driven by ultra-low latency datafeeds that require ever-increasing network speed and capacity.

Globalization of trading has been significant, and has gathered pace in the last five to 10 years. In our early days, it was not unusual to build large, customized market data and trading systems for financial firms just to t