DORA will change the buy vs. build debate… maybe
Waters Wrap: With DORA’s deadline looming, trading firms are having to reassess their long-term tech strategies. Anthony wonders if that means more building and less buying.
Last week, we reported that Parisian broker Kepler Cheuvreux is developing a new proprietary trade execution platform. For the project, the Paris-based broker-dealer has enlisted Adaptive, which provides bespoke trading tools.
While interesting, Kepler is hardly the first broker to build its own trading platform. But what jumped out the most for me was this quote from Kepler CTO, Anvar Karimson, who was speaking with our Emma Hilary Gould:
“We arrived at the conclusion that [owning a platform] was
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