Future Infrastructure to Embrace Cloud and Security
"We will begin to see increased outsourcing of commodity capability into the cloud," said Thalles Spellacy, chief architect, business alignment and strategic planning at TD Bank Group. "Whether that's as simple as email or whether it's exotic like risk modeling, it's inevitably going to go into the cloud, depending on its competitive differentiation. What does that infrastructure look like? Well, you start to divest a lot of what you historically had to maintain, but you still need to maintain that control. So you need security, you need performance characteristics. You need to be able to have some kind of brokerage model internally so you're really managing your interaction with your external parties in a controlled fashion. I don't think we're there yet."
While cloud has come a long way quickly, there is plenty of room for improvement. Tara Castleberry, head of architecture for Americas IT at AIG, said she is amazed by the ease with which she can spin up additional capacity. Equinix senior business development manager Henrique Hablitschek said he appreciates its ability to shrink a firm's IT stack. Yet he said cloud development is "still in the beginning of the second inning." (For our readers outside the US: There are nine innings in a baseball game.)
He said he also sees security coming to the fore as cyber attacks increase. Castleberry said security will move to the forefront of design plans when applications are being created.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
MarketAxess builds strategy around X-Pro
MarketAxess profits were down in Q1, but revenues were up and automation volume hit a record $94 billion.
Canada’s triparty repo launch aims to fill C$60bn void
Test trades on TMX/Clearstream platform represent “quantum leap” for creaking funding markets.
People Moves: NorQuant, Tradition, Duco, HKEx, SimCorp, Hazeltree, Xceptor, Broadridge, and more
A look at the past month’s people moves in the capital markets technology and data space.
Bank-led consortium takes aim at position reporting
Five banks, including Barclays, BNP Paribas, Goldman Sachs and HSBC, have joined forces to mitigate interpretation and implementation errors in position reporting disclosures.
This Week: BBH, AllianceBernstein add data solutions, Deutsche Börse-Nodal Exchange, and more
A summary of some of the latest financial technology news.
Consortium backs BGC’s effort to challenge CME
Banks and market makers—including BofA, Citi, Goldman, Jump and Tower—will have a 26% stake in FMX.
Symphony boosts Cloud9 voice offerings with AI
The messaging and collaboration platform builds on Cloud9’s capabilities as it embraces the AI wave in what CEO Brad Levy calls “incremental” steps.
Can exchanges leverage new tech to claw back ETF share from RFQ platforms?
Systematic trading strategies and proliferating data are bringing efficiency to an otherwise-fragmented European ETF market.
Most read
- Waters Wavelength Podcast: S&P’s CTO on AI, data, and the future of datacenters
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- BMO’s cloud migration strategy eases AI adoption