By Chris Isaacson, and EVP & Global CIO,
The benefits of cloud computing for the capital markets sector are the same as for other industries, largely the ubiquity of data availability at scale and minimal cost to all constituents. We use it for some internal and external functions involving HR, sales and our boards.
Adopting Big Data Strategies
Most firms in the trading space actually have a big data strategy, although it’s likely a hybrid in internally focused due to security concerns. Particularly, those which are consumer-driven such as retail brokers and automated financial advisors. They are built on big data and are becoming m o r e geared to the individual investor instead of the accredited investor by providing more powerful tools depending on big data to the average individual investor.
Technologies for Stock Exchanges
In the exchange space, we follow many of the same processes as high-performance computing companies, given the performance our customers require but our industry is forced by regulation and competition to do it with more stringent reliability standards than some others. Over the years, we believe BATS has been innovative, while providing the fairest and most resilient technology. Recent examples include the seamless technical integration of Direct Edge to provide one common interface to four exchanges, and our new BXTR trade reporting business