Concerns have haunted remote technology provision but derivatives trading firms are seeing a silver lining in cloud
Markets dried out by central bank rate controls and
illiquidity have led to tough choices about technology
ownership within trading firms.
"The enterprise software market has had to adapt to clients
that don’t want to pay large sums of money to host
systems themselves," says Dan Retzer, chief technology officer
for SunGard’s middle- and back-office automation
platform, XSP. "Customers want to pay for what they use, for
what they need, and to have flexibility in the future."
Ten years ago, the capacity to virtualise the processing
power of multiple computer servers into a single engine,
technology termed 'grid computing’, was being
explored by financial services firms keen to generate greater
levels of computer power from lower cost technologies than
mainframes. 'Utility computing’ conceived of
providing this processing power as and when it was needed, like
water or electricity.
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