Is it the right time to hire or the right time to rent?

By Kirk Kvist
September 5, 2017
Share:

Staff Augmentation vs. Professional Services for Trading Firms

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.

Download the full article
 
Kirk Kvist talks about professional services for trading firms

Related Content

The need to take an enterprise approach to testing

The need to take an enterprise approach to testing

FIX Infrastructure It goes without saying that it’s imperative for trading technologists to thoroughly test their systems before the put them in a production environment. Clearly, building a market-beating trading platform requires a high level of uptime and a propensity for failure that’s as close to zero as possible. And for years technologists have used a range […] November 5, 2018

The operational benefits of infrastructure testing

The operational benefits of infrastructure testing

FIX Infrastructure Getting it right. In earlier blog posts, we’ve discussed the challenges of implementing efficient trading infrastructure testing systems, and the intricate complexities of their adoption. But once all this hard work is completed, what are the potential rewards to be reaped? The operational benefits from instituting an enterprise-wide approach to trading system testing go far […] October 23, 2018

Exploring the business side of Systematic Internalisation

Exploring the business side of Systematic Internalisation

Risk & Compliance Nine months into the MiFID II era, it’s time to look beyond the compliance issues and start considering the business opportunities presented to firms operating under the Systematic Internaliser regime. With the support from a value-adding regulatory solution, SI status can be used for competitive advantage, suggests Jonas Lindqvist, Principal, Trading and Trade Execution, Itiviti. […] October 9, 2018

Trading infrastructure testing: the main challenges

Trading infrastructure testing: the main challenges

FIX Infrastructure In previous blog posts, we have discussed the importance of trading infrastructure testing and the regulatory and operational impetus driving its necessity. But when push comes to shove, how easy is it to implement these complex systems? What types of testing solutions are available, and what are the biggest challenges to their adoption? Today’s trading […] October 2, 2018

Itiviti Talks

Get our view on global capital markets

Subscribe

Subscription successful

Thank you for subscribing!

Close window

Itiviti Talks

Get our view on global capital markets

Weekly email

    Trends in global capital markets from a technology perspective.

By submitting this form, you acknowledge that data collected by us will be handled in accordance with our Privacy Notice.