FOREX TECHNOLOGY


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Furthermore, Tolman points out the increasing


operational risks banks and


trading firms face when having to continually upgrade IT systems in response to market conditions or regulatory requirements. Te cloud enables banks to ‘future proof’ new technology and systems. “Users of the cloud can take advantage of the investment that firms like Microsoft have made. Tis means they can have computing power straight away, rather than investing in infrastructure to make it work. You can try innovative stuff and if it doesn’t work you can just switch it off and pay for what you use,” says Newberry of Microsoft.


Upgrades can be done in a seamless manner, removing the potential high costs of having to install new systems or technology architecture. Tolman contrasts this with the traditional banking technology model, where time delays are common place if additional server space has to be deployed for a new project.


Homogenous environment


Robin Manicom, director financial services, Europe Middle East and Africa (EMEA) at Equinix, a global data center specialist with networking and service partners that build cloud offerings, contrasts the heterogeneous enterprise environment – where equipment from different technology vendors is bolted together – to the homogenous environment of the cloud, where a single server architecture is used resulting in a far lower ratio of administrators to servers in cloud operations.


He also says the cloud turns the traditional conservative banking technology model – where new projects often have to wait approval by committees – “on its head”, creating a new more fluid and innovative environment. “In the traditional Capex


98 | october 2011 e-FOREX Howard Tolman


“We are reaching some stage of maturity and commoditization of trading systems. It is the delivery capability which is important.”


heavy model, organisations


have to obtain funding for a project and then buy


a large amount of equipment from a technology provider. When this equipment arrives, one is forced to basically write it off over a number of years but still pay a maintenance charge to support that initial purchase over the term,” says Manicom. “Te cloud turns this traditional model on its head – switching a Capex spend into Opex spend over most likely a two, three or five-year contract. But from day one your initial payment is substantially


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