Wavelength Podcast Episode 121: An Examination of CQRS; Coinbase’s Institutional Play

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Anthony Malakian, US editor of Waters, and James Rundle, news editor of Waters, record a weekly podcast touching on the biggest stories in financial technology.

This week, Dave Remy, the chief technology officer for Linedata’s asset management vertical, and Chris Condron, principal software architect for asset management, join the podcast to discuss developments in the CQRS-ES space. For those not in the know, CQRS is a data architecture pattern that stands for Command Query Responsibility Segregation, and ES is Event Sourcing. While that might not jump out as being the sexiest of topics, it’s actually a very interesting development in the tech world that is seeping into the capital markets. Dave and Chris discuss the benefits and challenges of the pattern and provide their insights as to how firms can start to experiment with it.

But before that, James gives an update on some big news coming out of the crypto space and then at the end, Anthony and James pick an easy target to make fun of—the MTA.

To hear the full interview, listen in the player above, or you can download it.

Cryptocurrencies

0:00-4:00 An update on the Waters Rankings, and other housekeeping notes.

4:00-10:00 Coinbase is launching Coinbase Markets to appeal to institutional investors. While encouraging, there’s still a worry that development is being pushed forward too quickly.

CQRS-ES

11:00 CQRS: What it is—a brief history of the pattern and how it got started in algorithmic trading.

15:15 How does blockchain—and distributed-ledger technology as a whole—play into the CQRS space?

17:30 How can CQRS add risk and complexity if not monitored closely?

21:30 What are the main drivers of CQRS? (Hint: cloud, microservices, open-source and blockchain are big drivers.)

25:00 Vector clocks are important.

26:00 Examples of how the pattern has been beneficial to the Linedata offering.

28:00 For companies that are just starting to look at CQRS, what are the pitfalls to avoid?

30:00 From a talent-acquisition perspective, what does the landscape look like?

31:30 In a nutshell, what are the benefits?

Misc

Anthony and James rant about the looming L train shutdown.

Upcoming Events

North American Financial Information Summit (New York)

Toronto Financial Information Summit (Toronto)

Tokyo Financial Information & Technology Summit (Tokyo)

Contact Info

As is the case with everything we do, we'd love to get some feedback from our listeners. Feel free to reach out to Anthony or James via Twitter or email.

Anthony: @a_malakian; [email protected]

James: @JimRundle; [email protected]

Past 10 episodes:

Episode 111: The Challenges Facing Utilities

Episode 112: A Look at How Fintechs are Being Disruptive

Episode 113: IBM's Lund on Blockchain's Evolution

Episode 114: A Recap of FIA Boca - Blockchain, Crypto, AI, Brexit

Episode 115: The CME Buys NEX Group

Episode 116: The Perils of Bitcoin; SS&C and Ion Move in on Fidessa

Episode 117: Machine Learning, Chatbots & Fintechs

Episode 118: CAT ‘State of the Union’, RTS 27 & 28 Concerns

Episode 119: SS&C's Acquisition Plans; Data Privacy Concerns; May 2018 Features