Work is a Thing You Do
As I write this week's Editor's Letter, I'm sitting in our brand new, state-of-the-art newsroom. Well, sort of, it's actually a trial space for 30-odd journalists, salesmen, publishers and IT staff to drive test new cloud-based technologies and other tools that we'll be using on a day to day basis.
It's strange, in some ways. We've been writing about mobile technologies and cloud infrastructure for years, exhorting our readership to keep up with trends and adopt new innovations, but we've been relatively slow to adjust ourselves. For instance, we've traditionally been tied to our desktops, then our laptops, as the central points through which we work. Now, with the use of Virtual Desktop Interfaces, thin clients, Citrix access software and more, the machines themselves become another tool in the newsgathering arsenal, rather than the central point around which other tools revolve.
Enterprise Mobility
All of this means, of course, that we're not expected to have butts in seats all day, inasmuch as reporters ever are expected to. To that end we only have a 60 percent desk-to-staff ratio for the eventual newsroom layout, encouraging us to work elsewhere.
Why is this applicable to financial services? Broadly it's not, in that you'll always have desk residency on trading floors and elsewhere, for infrastructural reasons if nothing else. Mobility, as a topic area, applies more to the salesperson and the executive than it does the person who actually executes the trades at a brokerage, if you're taking mobility as purely the ability to work outside of bricks and mortar.
But the technologies available now mean that if you're using a tablet, say, you're not limited in the ways that you once were. I can connect, through my iPad's Citrix Receiver, to my desktop, and run Windows 8 on the tablet itself. On the way into work, when stuck between trains on the Tube, I'm able to log on, run Excel without problems, run Word, open a web browser, file a story and carry on as normal. It's not a way of working that I'd personally choose to engage in all of the time, but for keeping an eye on your output, it's perfect.
Mobility, as a topic area, applies more to the salesperson and the executive than it does the person who actually executes the trades at a brokerage, if you're taking mobility as purely the ability to work outside of bricks and mortar.
That's the area where mobility really seems to apply to financial services. Yes, trading happens on tablets already, but there probably isn't going to be a future any time soon where the majority of flow is booked through an iPad. But being able to run professional-grade software through a tablet, I'd imagine, is of immense use to many areas of an investment firm. Even if it's only in a peripheral rather than a primary sense.
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: https://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.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
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. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
New ICE analytics, Pyth indexes, Canadian overnight trading and more
A recap of this week’s major tech and data news in the capital markets.
OnCorps eyes AI-driven fund administration
The Boston-based vendor’s new CEO, Ron Allen, a BlackRock Aladdin alum, says domain-specific agentic AI can tackle fund administration’s messiest workflows.
How gatecrashers could spoil the tokenization party
Blockchain can curb settlement risks, but that could come at the expense of new third-party risks.
Clear Street rolls out new BestEx algo platform
Clear Street has deployed BestEx’s new platform, giving it global execution reach, plus a host of other features built in.
Can Canada follow in the US’s footsteps in overnight trading?
Canadian marketplaces and trading venues are in a race to see who can first authorize overnight equities trading, but not everyone is convinced of its value.
‘Vibe coding is burning us out’
Vibe coding is rapidly spreading throughout the capital markets, and some are unhappy about it, while others believe the genie is out of the bottle. Engineers spoken to for this story share some choice words—and several expletives—about this new form of coding.
Broadridge-Nyfix, Delta Capita-Equilend, S&P-Ion, Trumid, and more
The Waters Cooler: A recap of the major tech and data news from the past week in the capital markets.
DTCC dives into public cloud
The clearing house has begun migrating its equities clearing and settlement systems to AWS, while its tokenization systems have migrated to Microsoft Azure ahead of their launch this fall.