BMO Preps for Regulatory Revamp

DWT: Describe Bank of Montreal's IT strategy.

Ki Leung, BMO: The IT strategy normally has to follow the business strategy. The business strategy is to manage the volatility of our profit-and-loss (P&L) and maximize our return on equity. We also want to improve the quality of earnings. For the types of businesses that consume less capital and provide more stable income, we set business objectives, and based on those, we choose the product set.

In foreign exchange (FX), the challenge is to provide a

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Where have all the exchange platform providers gone?

The IMD Wrap: Running an exchange is a profitable business. The margins on market data sales alone can be staggering. And since every exchange needs a reliable and efficient exchange technology stack, Max asks why more vendors aren’t diving into this space.

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