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Joe Bonds | businesstechnologyso

Shaping Tomorrow's Investment Banking Networks

Oct 17th 2014 at 5:45 AM

When we look at advancements in technology, very few industries are as fast-changing and demanding as investment banking. Where the difference between making and losing millions can depend on a microsecond’s advantage; when trades must be executed in real-time, and when public perception of the industry is at an all-time low, the need for efficient, trustworthy and high-performance data networking has never been greater.

Staff tasked with identifying WAN requirements for their firm, buying and maintaining them, currently have four trends in investment banking to base their decisions around, as follows…

Customer Demand

The internet has matured. Financial clients now expect to see the data they need, personalised to their exact requirements, available in real-time across a selection of devices. Network managers need to juggle current needs while anticipating what tech may come along in the future. The amount of financial data being collected and analysed by firms is unprecedented and growing. It needs to be available 24/7/365 - unanticipated or prolonged downtime in this industry is completely unacceptable.

Faster Trades

The biggest and most successful firms are executing sometimes millions of trades every day in real-time, with a value of billions. Their networks need to be super-fast if they are to remain competitive, with latency at an absolute minimum. Networks need to be resilient, secure, and dynamic, capable of expansion where necessary.

Increased Compliance

Since the 2008 economic crash, investment banks have had to deal with the ever-evolving criteria of auditors and regulators on all aspects of their business. This is not going away. Process management and compliance need to be built into networks at the ground-floor to avoid the threat of fines and prosecutions.

Smarter IT

Virtual infrastructure through Cloud solutions is the way of the future - they cut capital costs, enable IT and financial organisations to stay agile and scalable, and afford greater security, among many other benefits. One role of the network manager is to decide whether a Cloud solution is suitable for their firm, and what form it might take - public, private or hybrid.

Investment banking, like most financial services, is going through a period of intense change and scrutiny. The way bankers and traders work in a period of public and political pressure, the way firms balance the needs of their clients with regulators and their network capabilities, and the rate at which new technology and concepts are entering the marketplace, are all of vital importance to a network manager in this sector.






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