2024 – Prelomna točka za preoblikovanje tržne infrastrukture

2024 – Prelomna točka za preoblikovanje tržne infrastrukture

Izvorno vozlišče: 3084798

"Tradicionalne izmenjave po vsem svetu so na kritični točki", ugotavlja
Deloittov “Obeti za bančništvo in kapitalske trge 2024”
poročilo. "Strateške odločitve, ki jih sprejmejo zdaj, bi lahko odločile, ali bodo še naprej rasli - ali celo obdržali - tržni delež in pridobivali višje dobičke." 

Današnji ponudniki tržne infrastrukture se morajo soočiti s povečano kompleksnostjo in nepredvidljivostjo. Ti pritiski posledično krepijo potrebo po nujni posodobitvi zastarele infrastrukture in reševanju tehnološkega dolga.

2024 is the year, I believe, we will bear witness to the much-anticipated tipping point for transformation of market infrastructure. The question now is: How can you ensure that your technological upgrade will be delivered within a timeframe that secures
your competitiveness?

Težke izbire

In the rapidly maturing and advanced landscape of trading technology, staying current is no longer optional. It has become imperative that outdated infrastructure for day-to-day operations is replaced, ensuring the robustness and endurance of the overall
technological framework.

Yet strategic choices, particularly concerning market infrastructure technology, are not always straightforward. Legacy providers, in particular, find themselves constrained by outdated technology – from constant project delays and cost concerns, to the
difficulty in implementing new features within their existing systems. The limitations of the old legacy systems are becoming increasingly apparent, especially when reaching their end-of-life date (when a vendor no longer markets, sells or releases that particular
equipment). As such, many exchanges are actively seeking new solutions to modernise their operations and remain competitive in an ever-evolving technological landscape.

Nedavna publikacija avtorja
Oliver Wyman
advises: “A wave of high-profile, drastic cost-cutting measures have been undertaken by the leading technology outfits and banks – and market infrastructure groups will not be exempt from economising. That’s why it’s important that market infrastructure
groups emphasise and deliver on sustainable performance improvements, mindful of their longer-term strategic growth agenda.”

Izvršna direktorica Nasdaqa Adena Friedman se strinja in strankam zagotavlja, da lahko nadgradnja infrastrukture odklene leta rasti, če se izvede s predvidevanjem. Pa vendar tudi ona

opozorila
: "Vlaganje v odpornost je težko, lahko je drago in ima daljše cikle izplačila ..."

Toda ali je vedno tako? Ali res mora biti tako težko, drago in dolgotrajno?

Preprostejša alternativa: rešitve kapitalskega razreda, ki temeljijo na oblaku

Če preoblikovanje obravnavajo dobavitelji tehnologije, ki so neodvisni od oblaka in so osredotočeni na digitalno tehnologijo, potem bi morale po pravicah rešitve kapitalskega razreda, ki temeljijo na oblaku, dobavljene prek SaaS (z izjemno skrajšanim časom do trženja), postati norma. 

Similar to other industries undergoing digital transformation, modern technology solutions are also becoming accessible for regulated exchanges – solutions that can easily handle, for example, more advanced trading strategies and new asset types. In particular,
these cloud-agnostic solutions still allow for deployment in on-premises setups with low-latency requirements, and across various environments (excluding production), resulting in substantial cost savings.

Previously, a CIO would be tempted to pay obscene amounts of money for what was considered a ‘safe’, albeit legacy-based, provider. Now forward-thinking decision-makers realise they need to change their approach, and are reviewing all available options in
order to ensure competitiveness. 

These forward-thinking decision-makers are asking the following question of their technology providers: Is there a multicloud offering? Can the system handle tokenisation and new asset types? What is the timeframe required for the development of a brand
new marketplace? And can maximum speeds of latency be maintained for high-frequency trading?

Verodostojni rezultati

In this year of ‘make or break’ for exchanges, I question the naysayers seemingly set against true innovative change. Those vendors who contend that investing in technology is hard, expensive and long, seem to often veer towards strategies that ultimately
delay and postpone change. Who does this really help?

Ko se izmenjava podaja v novo leto, je potreben razmislek: Ali vaša tehnologija služi kot spodbujevalec in ne kot ovira? Ali se vaše tehnološke zmogljivosti brezhibno ujemajo z vašimi cilji? In ali so pripravljeni za zanesljivo dostavo?

Successful exchanges will be those ready to adopt innovative technologies. An authentic understanding of the complexities involved with modern, digital-first infrastructures is therefore crucial. Furthermore, leveraging SaaS in this instance can mean advancing
your team’s velocity, since implementing this change will improve engagement, retention and elevate your team’s capabilities for agility, thus ushering in a departure from traditional big bang projects.

Navsezadnje ne gre le za uspešnost borze, lahko tudi za njeno preživetje.

Časovni žig:

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