The Challenges of 24/7
Even after covering this industry for the past four years, I'm still surprised at how communication can breakdown at global firms.
On Thursday I attended the TSAM North America event in midtown Manhattan. I was unfortunately unable to stay for the full duration of the event, as I find it to be far more informative a conference than that of the Sifma Tech show, which also took place this week. But while I was there I did get to sit in on a panel discussion that looked at, among other topics, "enabling communication between time zones and teams to make the most of 24 hours".
I'll be writing more on this in the near future, but it was fascinating listening to top-level technologists describe the difficulties and inconveniences that firms experience as they try to expand their global presence.
Since 2008 there has been an industry-wide drive to grow into new geographies simply to hedge against decreasing liquidity in the US. Some view it as a 21st Century gold rush.
As a result, I've heard a lot of people expressing their desire to get into Singapore, Australia, Hong Kong and Mainland China. Some do this through acquisition; other through steady organic growth. Both models, though, present vast difficulties: when to run batch cycles; when to hold meetings; how to consolidate systems; outsource v. in-source, etc.
This would seem like one of those areas where the business leaders say, "We must expand! To the Far East we shall go!" and the IT guys are mumbling under their breath, "And I thought I wasn't getting enough sleep before..."
Have horror stories of your own? Give me a call (646-490-3973) or shoot me an email (anthony.malakian@incisivemedia.com).
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
Getting aggressive: Overbond uses AI to assess dealer axes
The fixed-income analytics specialist has developed a new tool to help buy-side firms decide if they’re getting a good price from their dealers.
TS Imagine integrates LTX’s pre-trade analytics tool
Users of the fixed-income EMS will now have access to LTX’s Liquidity Cloud tool, which provides a pre-trade score for the likelihood of trading success.
European exchanges turn to dark trading in battle for flow
The EU’s two biggest exchanges are launching dark pools this year. The apparent change in their stances on dark trading reflects a profound shift in equities markets.
After contentious Opra upgrades, vendors brace for a faster future
Upgrades to the datafeed widely used to gauge the current market price for options contracts went into effect in February after three separate delays, which market participants say were caused by persistent bandwidth issues at some important recipients.
The IMD Wrap: No more turf wars, or why CDOs should heed the Voice of the CTO
Max reviews how our recent Voice of the CTO series has implications for those beyond a firm’s technology function, and how communication and collaboration between tech, data, and leadership will deliver better results.
Dark horse: Deutsche Börse building dark pool
New functionality allowing exchange members to execute sweep trades comes hot on the heels of European rival Euronext launching its own dark pool.
Waters Wrap: The tough climb for startups
Anthony speaks with two seasoned technologists to better understand why startups have such a tough time getting banks and asset managers to sign on the dotted line.
European firms prime for lopsided settlement in North America and at home
With T+1 imminent in North America and increasingly likely to traverse the Atlantic, operations and trading professionals in Europe are fighting on two fronts.
Most read
- Women in Technology & Data Awards 2024: All the winners and why they won
- Witad Awards 2024: Above and beyond award (vendor)—Susan Bennett, Tradeweb
- Fighting FAIRR: Inside the bill aiming to keep AI and algos honest