If you work in capital markets, you know that most buy side and sell side firms operate lots of different messaging products across their business. It’s not unusual for a firm to have six to ten different messaging technologies in their production environment, from different vendors, as a legacy of M&A and developed internally. As a rational technologist, I can hear your internal line of questioning: How does this happen? What drives this type of fragmentation? Is it as bad as it sounds? And you’re probably thinking this could never happen to you.
But if you’re implementing big data or cloud, it probably already is. I will explain why, but first – how did capital markets get to this point and what are they doing about it?
Not so long ago, financial trading was done by customers talking to their brokers who talked to traders who placed an order to make a trade.… Read the rest