It was a pleasure to have an opportunity to speak at the 2017 Americas Trading Briefing, which was graciously hosted by Goldman Sachs. As usual, the room was filled with more than 250 senior market participants and 25 expert speakers to discuss important topics, trends and issues we face together as the FIX Trading Community.
Every year we learn something new at these events. This year we learned the importance of Managed Services and SaaS/IaaS models. We learned through interactive audience participation, that over 50% of the attendees think that there will be significant growth in Managed Services in the future in an effort to reduce costs/headcount. That was followed by 25% of the audience who thought that Managed Services would continue to grow significantly due to access to better skills sets/software externally versus internally.
We also discovered that while most firms believe that outsourcing functions such as FIX connectivity makes sense operationally and financially, that larger bulge bracket firms still have an emotional connection to their FIX environment and are hesitant to outsource the function despite the clear benefits. Perhaps time will slowly change that opinion.
The FPL continues to formulate topics that are relevant and thought provoking and we look forward to participating again on panels at future FPL events.
FIX Infrastructure Jim Northey, Senior Vice President Strategy and Research at Itiviti, outlines his involvement with the FIX Community and the new standards initiative known as FIX Orchestra. This is intended to tackle the poor quality of the FIX standards document, creating machine readable Rules of Engagement that can help automate the process of connecting to counterparties. […] August 23, 2017
FIX Infrastructure The financial industry is constantly evolving, driven by a mix of new business and regulatory requirements. The imminent application of MiFID II in Europe is a case in point that is spurring a tectonic technology change. With a high pace of industry change and the cost of errors even higher, the quality assurance function is […] June 21, 2017
FIX Infrastructure As the speed and complexity of automation rises, market participants have a duty to ensure that they pursue and maintain best practices. Read the full article here. This article by Jim Northey, Senior Vice President, Strategy and Research, Itiviti was first published in the Electronic Trading Journal-GlobalTrading, Q2 2017 Issue #62. June 1, 2017
FIX Infrastructure Why is the manual testing of financial software no longer enough? Vaibhav Shukla, Senior Vice President Global Services at Itiviti, provides insights into the benefits of automating testing processes, in terms of efficiency as well as compliance. May 23, 2017