The Challenges of 24/7
![anthony-malakian-waters anthony-malakian-waters](/sites/default/files/styles/landscape_750_463/public/import/IMG/216/142216/anthony-malakian-waters.jpg.webp?h=373a525f&itok=zNeqXFEa)
Even after covering this industry for the past four years, I'm still surprised at how communication can breakdown at global firms.
On Thursday I attended the TSAM North America event in midtown Manhattan. I was unfortunately unable to stay for the full duration of the event, as I find it to be far more informative a conference than that of the Sifma Tech show, which also took place this week. But while I was there I did get to sit in on a panel discussion that looked at, among other topics, "enabling communication between time zones and teams to make the most of 24 hours".
I'll be writing more on this in the near future, but it was fascinating listening to top-level technologists describe the difficulties and inconveniences that firms experience as they try to expand their global presence.
Since 2008 there has been an industry-wide drive to grow into new geographies simply to hedge against decreasing liquidity in the US. Some view it as a 21st Century gold rush.
As a result, I've heard a lot of people expressing their desire to get into Singapore, Australia, Hong Kong and Mainland China. Some do this through acquisition; other through steady organic growth. Both models, though, present vast difficulties: when to run batch cycles; when to hold meetings; how to consolidate systems; outsource v. in-source, etc.
This would seem like one of those areas where the business leaders say, "We must expand! To the Far East we shall go!" and the IT guys are mumbling under their breath, "And I thought I wasn't getting enough sleep before..."
Have horror stories of your own? Give me a call (646-490-3973) or shoot me an email (anthony.malakian@incisivemedia.com).
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.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
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. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
BlackRock to integrate Aladdin and Preqin to create new private markets platform
CEO Larry Fink calls combining the two platforms “maybe the biggest opportunity in 10 years.”
Ace high or busted flush? Digital Asset’s mixed fortunes mirror DLT adversity
The vendor hoped to remodel post-trade using blockchain technology—and it still might—but its bumpy progress raises questions over the future of DLT in finance.
This Week: BlackRock/Preqin, Trading Technologies, FIA Tech and more
A summary of some of the past week’s financial technology news.
Adaptive’s Aeron goes live on Microsoft Azure Marketplace
The messaging software used for building bespoke trading platforms is now available on Microsoft’s marketplace, making it accessible through major cloud providers.
Bloomberg, industry bodies push back on Cboe’s proposed OEMS rule change
Some industry bodies disagree with the options exchange’s proposal to carve its Silexx OEMS out of the SEC’s definition of an exchange facility and place it into a separate business line.
Waters Wrap: CME, Google and the pursuit of ultra-low-latency trading
CME Group and Google have announced Aurora, Illinois, as the location for the exchange’s new co-location facility. Anthony explains why this is more than just the next phase of the two companies’ originally announced project.
WatersTechnology latest edition
Check out our latest edition, plus more than 12 years of our best content.
Natixis refines in-house interoperability model
The French asset manager has refined its canonical data model over the last decade, as the interoperability movement continues to evolve.