The Storage Tsunami
![robdaly-headshot robdaly-headshot](/sites/default/files/styles/landscape_750_463/public/import/IMG/762/101762/robdaly-headshot-580x358.png.webp?itok=vDU7KFE5)
The industry is pushing software and hardware engineering to some pretty amazing heights around pre-trade risk checking and low-latency execution, but the coming year will be all about the middle and back office.
Several people at the Waters USA 2010 conference and the American Financial Technology Awards this week said that buy-side clients will demand transparency—for example, why brokers selected to route order to specific venues, the state of the market when the broker routed the orders, as well as tick-by-tick coverage of how the order is doing in the market.
Thus firms are seeing an explosion in data storage demands and it’s getting to a critical point, as regulators have not been keeping up in advances in storage technology. Much of the critical performance data is moving out of databases stored on spinning disks to memory caches replicated and managed across a cloud environment. When it comes time to back up the data to tape or optical disks, which versions of the cached data will be considered the “true” data? Or will it be a situation where every cache will need to be backed up individually?
When financial services first adopted cloud computing, one of the major savings was seen in the decrease in server sprawl where servers running at 95 percent CPU utilization could easily replace racks full of standalone servers that historically operated at 5 to 8 percent utilization. This free space, however, is quickly being filled by storage systems and this growth is only going to continue.
I can easily see a day in the not-too-distant future where the most of a firm’s computing is done on the outside of its firewall and data storage takes up the majority of what remains inside the firewall.
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
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.
Zeros and ones: Industry contemplates T+0 as the next step
With the North American transition to T+1 settlement complete, same-day settlement could be the next goalpost set, though skeptics are many.