A recent roundtable organised by The Banker looked at the New Legal Framework (NLF) for Payments Directive, issued by the European Commission in December 2005, and the implications for the banking industry. A group of payments professionals from leading banks took part in the discussion.
Growing volumes of orders and trades will require faster processing and increased capacity in both banks and exchanges, says Dan Barnes.As black box/algorithmic trading pushes data volumes through the roof and venue competition grows, order-processing speed and capacity must be increased to compete in the securities game.