Work is a Thing You Do
As I write this week's Editor's Letter, I'm sitting in our brand new, state-of-the-art newsroom. Well, sort of, it's actually a trial space for 30-odd journalists, salesmen, publishers and IT staff to drive test new cloud-based technologies and other tools that we'll be using on a day to day basis.
It's strange, in some ways. We've been writing about mobile technologies and cloud infrastructure for years, exhorting our readership to keep up with trends and adopt new innovations, but we've been relatively slow to adjust ourselves. For instance, we've traditionally been tied to our desktops, then our laptops, as the central points through which we work. Now, with the use of Virtual Desktop Interfaces, thin clients, Citrix access software and more, the machines themselves become another tool in the newsgathering arsenal, rather than the central point around which other tools revolve.
Enterprise Mobility
All of this means, of course, that we're not expected to have butts in seats all day, inasmuch as reporters ever are expected to. To that end we only have a 60 percent desk-to-staff ratio for the eventual newsroom layout, encouraging us to work elsewhere.
Why is this applicable to financial services? Broadly it's not, in that you'll always have desk residency on trading floors and elsewhere, for infrastructural reasons if nothing else. Mobility, as a topic area, applies more to the salesperson and the executive than it does the person who actually executes the trades at a brokerage, if you're taking mobility as purely the ability to work outside of bricks and mortar.
But the technologies available now mean that if you're using a tablet, say, you're not limited in the ways that you once were. I can connect, through my iPad's Citrix Receiver, to my desktop, and run Windows 8 on the tablet itself. On the way into work, when stuck between trains on the Tube, I'm able to log on, run Excel without problems, run Word, open a web browser, file a story and carry on as normal. It's not a way of working that I'd personally choose to engage in all of the time, but for keeping an eye on your output, it's perfect.
Mobility, as a topic area, applies more to the salesperson and the executive than it does the person who actually executes the trades at a brokerage, if you're taking mobility as purely the ability to work outside of bricks and mortar.
That's the area where mobility really seems to apply to financial services. Yes, trading happens on tablets already, but there probably isn't going to be a future any time soon where the majority of flow is booked through an iPad. But being able to run professional-grade software through a tablet, I'd imagine, is of immense use to many areas of an investment firm. Even if it's only in a peripheral rather than a primary sense.
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: https://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
NYSE files with SEC to join DTC’s tokenization pilot
Proposal mirrors one filed by Nasdaq last fall to allow investors to choose whether a security is cleared and settled in tokenized form.
The race to ‘financialize’ GPU compute set to ratchet up
The Waters Wrap: Anthony looks at two companies aiming to bring efficiency and transparency to the GPU compute market.
Model risk in the age of generative AI
Banks are racing to understand the risks posed by a new breed of multi-purpose bots.
How banks are utilizing new AI forms in their KYC process
Execs from JP Morgan, ING, and Standard Chartered explain how they are looking to use agentic AI to streamline KYC workflows.
TNS integrates Radianz, Exegy reduces latency, BondXN allies with BlackRock, and more
A recap of this week’s major tech and data news in the capital markets.
Re-engineering reconciliations: User-initiated AI cuts recs from days to minutes
Reconciliations have long been tied to batch scheduling. Prasanna Anandan explains how one bank broke down bottlenecks by embedding an AI-driven, user-initiated interface.
SFC lifts lid on new Hong Kong FIC trading platform
Regulator sheds light on venue that could rival Bloomberg, Tradeweb in CNH market
WatersTechnology latest edition
Check out our latest edition, plus more than 14 years of our best content.