Fidessa’s Lewis Richardson explores the global issue of loss-making night desks and examines how clever technology can not only stem those losses, but boost productivity and improve the bottom line.
Night desks have an image problem. Around the world they toil
while the rest of us sleep, but they are often regarded as the
poor cousins of their daytime trading desks. Traditionally
viewed as a service rather than a profit centre, firms have
been reluctant to invest in them.
Night desks are an essential part of today's 24-hour global
markets. Whether located in Chicago, London, Hong Kong or
Singapore, they play a key role in executing a firm's
But they inherit all the problems of the daytime trading desk,
compounded by the tyrannies of time and geography. Whether
running a 'follow-the-sun' or a centralised model, night desks
are trapped in a vicious circle, overburdened with systems but
short on efficiency.
This article is available to subscribers and registered users
Please log in to continue reading.
Not yet registered? Take a free trial.
If you have already taken a free trial you
have ongoing access to the analysis section of FOW.com including this story.
Log in using your details below to read.
Already have an account? |