Financial Markets and Grid Technologies: A Roadmap for Change
Organizations in the financial markets today are faced with a number of internal, regulatory, and competitive pressures. Internally there are calls for improved collaboration and alignment between IT, operations, and business departments. IT executives are being tasked with reducing complexity, lowering costs, operating more efficiently, and being more responsive to business requirements.
Regulations are forcing improvements in the availability, analysis, archiving, and retrieval of data, and are also driving changes in best execution, transparency, and business continuity. Risk management requirements, innovation in complex instruments and trading methods, and strategies required to enter growth markets are all constantly evolving. To remain competitive in this increasingly sophisticated industry, trading organizations need high performance, robust infrastructures that can quickly adapt to prevailing circumstances.
Grid technologies represent a new way of building and using IT infrastructure to drive costs down, share resources, and increase trading processes with the ultimate goal of driving latency out and enabling better execution. The term ‘grid’ represents a continuum of different technologies. These create a real-time, application operating environment that decouples applications and data from dedicated hardware. Unlike siloed data centers where IT resources are dedicated to individual applications, the goal of grid computing is a common pool of shared IT resources, allowing any application to use any resource and access any data at any time.
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Filed under: Business Drivers, Risk, Technology, Trading, White Papers
