Financial Trading Technology and RUMI from N5
Date:
By: Paul Bevan
Classification: InContext
Financial Trading companies are not unique in seeking a business edge through higher IT performance. However, a unique mix of business requirements have combined to create technical challenges that, in turn, have created an IT arms race which potentially raises barriers to entry for new or smaller companies trying to compete and innovate.
In this paper, we will look at how a mix of huge volumes of market data that need to be analysed, continual and continuous development of trading algorithms, strict regulatory compliance, sophisticated risk management, real-time communications with trading partners and financial exchanges, and lightning-fast execution of trades have driven the development, often in-house, of sophisticated, expensive IT systems that bear little relation to the general purpose IT infrastructure seen in most other businesses.