A poll of investment banks by COLT Telecom has revealed that, although the credit crunch is likely to impact front office spending this year, the majority of firms still expect to invest in reducing the latency of their trading systems. All of the finance IT professionals who took part in the survey, conducted at a recent customer event in London, rated latency as either ‘critical’ or ‘very important’ to successful electronic trading of securities. Ninety per cent said they expect to invest in reducing it in 2008. Electronic trading depends heavily on speed of execution and availability of market data for success and even a millisecond’s delay can potentially impact margins and profitability. All respondents who took part in the poll said the physical proximity of their trading systems to the stock exchange’s systems was either ‘critical’ or ‘important’ in lowering latency. More than half of the survey respondents said that the credit crisis is likely to have an impact on front office spend in 2008 within their organisation.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more