In a world where trading firms always need to be one step ahead of the game in the technology race, it is becoming increasingly challenging to balance the demands of innovation with core trading business activities.
A common solution is to look towards getting more hands on deck – but is staff augmentation always the right solution? In many cases trading firms are finding that this challenge can actually be better met by taking advantage of professional services consulting. When faced with this decision, the key lies in asking yourself three key questions:
– Is the project you are embarking on part of your firm’s “core business”?
– How much time would it take for your current team to deliver compared with a professional services organization?
– What kind of costs are associated with staff augmentation vis-à-vis professional services?
Combined, your answers will determine the path that is most likely to benefit your firm for the project in question, as detailed by Kirk Kvist, AVP Professional Services at Itiviti.
Risk & Compliance With the pressure of initial implementation now a distant memory, MiFID II-regulated firms are turning their attention to the real work required to create sustainable long-term solutions. For many, the race to meet the January 3 deadline meant implementing temporary compliance processes that were far from perfect. Unless updated and improved, these could lead to […] July 10, 2018
FIX Infrastructure Testing in the financial industry is changing, both as a consequence of new regulatory requirements and in response to changing perceptions of the value it generates. In this video, Pawan Sharma – VP Global Services at Itiviti – delves into the factors that have driven the evolution of testing practices and the key challenges that […] June 19, 2018
Execution Following the merger between Itiviti and ULLINK in March 2018, Richard Bentley – Chief Product Officer of the combined company – talks to The TRADE about the new company at IDX London 2018. On the agenda: the rationale behind the merger, the company’s individual and combined strengths, product strategy going forward, key priorities for the […] June 11, 2018
FIX Infrastructure Over the years, testing has increasingly become a strategic activity that is seen less as a cost and more as an opportunity to maximize efficiency and support business activity. As trading systems have become more and more complex, the demands on testing tools have simultaneously grown, paving the way for their evolution into increasingly refined […] June 7, 2018
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