The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

NYSE Technologies Promotes Shared Infrastructure for Trading and Post-trade Processes

NYSE Technologies CEO Jon Robson is promoting the concept of shared infrastructure in financial markets with a view to driving down costs, increasing agility and delivering the transparency required by regulators.

In an open note to industry and a video titled ‘A Call for Collaboration’ that are posted on NYSE Technologies’ TechTalk microsite, Robson says the economics of the industry no longer support the content and infrastructure models that have been used for decades and that the financial services sector should follow the communication and content distribution methods, such as the internet and social media, that are used in personal lives.

He suggests: “If we have an open platform that allows people to share their capabilities and content, and share their code, perhaps we have a new model for connecting market places, ideas, execution and post-trade processes, and doing so at a far more efficient level.”

Robson’s premise is clearly based on NYSE Technologies’ solutions, which include a cloud platform, global network and open source middleware application programming interfaces (APIs). He describes ‘an app store kind of model that allows customers access through a secure environment’ and ‘an exchange that aggregates capabilities and liquidity, runs a highly secure network, and undergoes regulatory scrutiny’, and says: “Together we have the opportunity to build a valued, open and dynamic community that changes the way the world works – and makes it ‘simply better’.”

With a view to delivering a collaborative model, Robson, who moved from Thomson Reuters’ Enterprise Division to become CEO at NYSE Technologies late last year, has reorganised NYSE Technologies into three business focuses covering liquidity solutions, infrastructure solutions and content solutions. The latter focuses on data and includes data services, feed handlers for third-party markets and data vendors, and the company’s Data Fabric middleware. It also develops the OpenMAMA API.

While Robson’s plans embody industry thinking on cost and collaboration, albeit with NYSE technologies at heart, whether they will take shape may depend on the future of the company following the completion of its acquisition as part of NYSE Euronext by IntercontinentalExchange.

Related content

WEBINAR

Recorded Webinar: The Transformation of Buy-Side Market Surveillance

Asset managers, hedge funds, insurance firms, and other buy-side firms globally are becoming more active in their approach to market surveillance, as regulatory pressure to up their game mounts. Buy-side firms are now building out their surveillance infrastructure as they seek to respond to the requirements posed by Dodd-Frank, MiFID II and the Market Abuse...

BLOG

Live at Data Management Summit USA Virtual – Day Two Keynote and Q&As

A-Team Group’s Data Management Summit USA Virtual Day Two was based on the theme of best practices for data driven strategies in today’s new normal. The day started with an informative live keynote from Arvind Joshi, director of data management at Scotiabank, on how to establish data quality for analytics. This was followed by three...

EVENT

RegTech Summit New York City

Now in its 5th year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

FATCA – The Time to Act is Now

The US Foreign Account Tax Compliance Act – aka FATCA – raised eyebrows when its final regulations requiring foreign financial institutions (FFIs) to report US accounts to US tax authorities were published last year. But with the exception of a few modifications, the legislation remains in place and starts to comes into force in earnest...