The Storage Tsunami

The industry is pushing software and hardware engineering to some pretty amazing heights around pre-trade risk checking and low-latency execution, but the coming year will be all about the middle and back office.
Several people at the Waters USA 2010 conference and the American Financial Technology Awards this week said that buy-side clients will demand transparency—for example, why brokers selected to route order to specific venues, the state of the market when the broker routed the orders, as well as tick-by-tick coverage of how the order is doing in the market.
Thus firms are seeing an explosion in data storage demands and it’s getting to a critical point, as regulators have not been keeping up in advances in storage technology. Much of the critical performance data is moving out of databases stored on spinning disks to memory caches replicated and managed across a cloud environment. When it comes time to back up the data to tape or optical disks, which versions of the cached data will be considered the “true” data? Or will it be a situation where every cache will need to be backed up individually?
When financial services first adopted cloud computing, one of the major savings was seen in the decrease in server sprawl where servers running at 95 percent CPU utilization could easily replace racks full of standalone servers that historically operated at 5 to 8 percent utilization. This free space, however, is quickly being filled by storage systems and this growth is only going to continue.
I can easily see a day in the not-too-distant future where the most of a firm’s computing is done on the outside of its firewall and data storage takes up the majority of what remains inside the firewall.
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.
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
Fnality joins DLT-based PvP FX settlement service
Baton Systems and Osttra’s joint payment-versus-payment FX network adds central bank-backed settlement option
Bloomberg’s chatbots streamline external data sharing, OTC trading
The vendor details the expansion of chatbot support outside of a firm’s enterprise, and addresses user reservations about cost and spambots.
The Consolidated Audit Trail faces an uncertain fate—yet again
Waters Wrap: The CAT is up and running, but with a conservative SEC in place and renewed pressure from politicians and exchanges, Anthony says the controversial database faces a death by a thousand cuts.
ICE’s snowball effect: Intercontinental Exchange keeps leash tight on infrastructure
Voice of the CTO: Stuart Williams talks about why the exchange has been so adamant about “controlling” its infrastructure and technology, and how that helped it manage intense market volatility.
Aussie super fund overhauls investment platform with BlackRock Aladdin
Aware Super’s Project Odin includes implementations of BlackRock Aladdin, eFront and GoldenSource EDM
Nasdaq looks to Thailand, Broadridge grows patent portfolio, GenAI concerns, and more
The Waters Cooler: MarketAxess gains majority control of RFQ consortium, the Bloomberg Terminal integrates with BNP’s Exane, and Isda extends reg reporting support to new Canadian rules in this week’s news roundup.
Growing pains: Why good data and fortitude are crucial for banks’ tech projects
The IMD Wrap: Max examines recent WatersTechnology deep dives into long-term technology projects at several firms and the role data plays in those efforts.
Overnight trading gets another boost with deal between FactSet’s LiquidityBook and Blue Ocean
FactSet’s recently acquired LiquidityBook OMS will grant buy-side clients access to overnight trading on Blue Ocean.