David Setters looks at the challenges, past and future, for Trading Technologies
Trading Technologies (TT) is certainly a survivor in a
market which has seen a contraction from about 20 ISVs
servicing the futures markets at the turn of the millennium, to
probably no more than six truly independent suppliers around
today, according to Steve Stewart, Managing Director, Europe,
Trading Technologies. And although having fewer ISVs around is
an obvious advantage, as Stewart himself points out, many banks
continue to develop their own screens and that constitutes much
of the ISV’s competition.
The main challenge of recent years, however, has been the
regulatory change agenda.
"We have huge pressures on us to help reduce technology
spend for our clients," says Stewart. "Obviously, we need to
work with them on regulatory change but the resources required
are massive and the time spent on it certainly
doesn’t help us work on new initiatives."
The focus on cost efficiencies, however, is beginning to
bear fruit for TT along with some of the new functionality
which has been introduced, much of it to solve issues arising
from new regulatory requirements.
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