This article was originally published at the finteligent trading technology community website, and is reproduced here with the author's permission.   This year has been a tough one for banking with fines for LIBOR abuse and Iran sanctions busting but there has been good news too. The report by the UK government into the computer based trading has been both thorough and reassuring. Computer based trading is not going away and with better analytical procedures at both execution venues and trading firms the future of technology innovation for financial trading is assured. The...

I attended a Financial Services forum event last week, FUTURECITY hosted at Cisco House, a purpose built executive briefing centre overlooking London’s Olympic Park. Over 100 guests listened to speakers from London Clearing House and Cisco describing the challenges of regulation, risk management, new technology and growing trading throughput. The challenges I identified from the discussion were:- New regulations require mission critical financial institutions to have two plus one datacentres. The two provide high availability with a failover of 2 hours, the...