Open Platform: The Challenges and Opportunities of Big Data in Finance
With data volumes tripling and trading speeds now faster than ever, many financial services companies are struggling to monitor their trading activity and react in a timely manner to warning signs. One of the biggest fears for the financial services industry is messy outages or performance degradation on critical trading systems. In this worst-case scenario, firms can go out of business, or experience major revenue and reputational damage (a single server cost Knight Capital more than $400
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