Is the banking sector entering the next era of financial services IT or is it just undertaking another round of replicating systems?Martin Whybrow investigates.It is understandable that the phrase ‘service oriented architecture’ (SOA) is met with scepticism in some quarters. Whatever tags are bandied around, a growing number of banks are embarking on major projects aimed at transforming their operations.
Advanced electronic trading technologies seem to offer new ways to cut costs while optimising efficiencies. But what impact are these strategies really having, asks Hywel Probert.Electronic technologies such as algorithmic trading and direct market access (DMA) are big news in the securities world right now, as they threaten to revolutionise the trading landscape with the multiple advantages that they offer.
JPMorgan’s Worldwide Securities Services division is following a strategy of partnership with technology developers and suppliers to leverage their expertise and play an integrative role. Chief technology officer John Galante talks to Dan Barnes about third-party provision.John Galante, chief technology officer at JPMorgan’s Worldwide Securities Services division, does not expect any surprises to come out of Sibos this year. His view is that SWIFT will stick to its strategy fairly solidly.
Investment banks have always been quick to embrace new forms of communications technology, but with continued fear of security and the struggle to manage the overall costs of their messaging systems,Patrick Burton asks, are they realising the potential of messaging across the organisation?