IBM’s ‘Cloud Satellite’ targets banks convinced of decentralized trading model
The tech giant believes a hub-and-spoke model is the future of trading. In part, it is using its new cloud offering to lure financial services firms that are looking to open remote offices to find new talent.
Trading has largely been a centralized function—there are skyscrapers in major cities around the globe branded with a bank’s name to prove as much. It’s because of this that some wondered whether banks, large asset managers, exchanges, and infrastructure providers could handle such a rapid—and strictly enforced—work-remotely setup after the spread of Covid-19 caused global shutdowns.
As it turns out, the world of finance proved resilient. Sure, there were disruptions and challenges that needed
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