Waters 25: A Look Back on the Last Two Decades

Waters examines some of the most important events in financial technology of the past 25 years.

Even—perhaps especially—in an industry where you’re only as good as your last trade, 25 years is a long time.

Few publications can claim to have been around for the quarter-century that has seen some of the greatest upheaval in history for financial-market technology, and as we celebrate our 25th anniversary this issue, Waters looks back on time of the key points along the journey.

From the rise of electronic and high-speed trading, through the development of cloud, and risk management coming

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