London -- Exchanges around the world are looking for new strategies to improve their technology infrastructures. Whether the objective is to manage transaction volumes, prevent trading failures, build market data revenue or meet competitive challenges, it is clear that exchanges must focus on the underlying technology that drives their businesses. In the Clear Path Analysis report, Global Exchange Technology and Data, released on Monday 25th June, leading exchanges take stock of their most pressing challenges and discuss how they are working to address them through improvements to their technology infrastructures. Technology issues affect the markets in a number of ways, and reliability is essential. For even the most advanced exchanges, well-known trading technology failures have generated reputational damage and heavy costs. In addition to the importance of overall reliability, however, technology is also a critical competitive factor. Commentating in the report, Jean-Francois Delrieu, Head of Technology Partnerships, NYSE Euronext, states “One of the challenges we are facing is the need to create the capacity to innovate and improve the technology of our platforms to outperform the competition…we are aiming at constantly improving the platform, while keeping it stable for everyone to trade transparently and smoothly.” Highlighting the competitive advantages new technology can provide for exchanges around the world, Kersi Tavadia, Chief Information Officer, BSE (formerly Bombay Stock Exchange), explains how they have capitalised on these advances: “We have invested heavily into upgrading our technology, which allows us to increase our speed and keep pace with competitors in the West. As our exchange grows, we will continue to upgrade our technology.” Another top technology issue for exchanges is market data distribution. Exchange groups are looking for the most effective ways to build data revenue, broaden distribution, and serve the rapidly growing mobile application market. Hubert Holmes, Chief Business Development Officer, Xignite, said in the report “Exchanges are becoming more aware of growing demand from data consumers who want exchange data, but without the infrastructure or cost structure of legacy data distribution technologies.” For developing exchanges, the rise of cloud computing and other cost-effective technologies helps expand global reach and attract new liquidity. Commentating on this sector of the market, Holmes added “For developing exchanges, market data is an important asset for strengthening brand identity and attracting liquidity, but one of the challenges has been how to cost-effectively reach the market. This is where a cloud-based market data distribution capability is essential. When users only need a web browser and an internet connection, there is no geographical or technological barrier to your market data.” While the report by Clear Path Analysis shows that improving technology infrastructure is a necessary and critical priority for exchanges, the group also acknowledges the realities of regional regulatory frameworks and their impact. Eileen Muscat, Chief Executive Officer, Malta Stock Exchange, sums up the latest opportunities with: “Technology in itself facilitates, but does not provide the solution, and therefore the improvements in technology are only effective if the supporting legal, regulatory and operational and procedural framework actually supports an increase in business.” To obtain a copy of the Clear Path Analysis report on Global Exchange Technology and Data and/or speak with one of the commentators please email email@example.com, call +44 (0) 207 936 935, or visit www.clearpathanalysis.com/reports/global-exchange-technology-and-data About Clear Path Analysis Clear Path Analysis is an impartial, independent publisher of high quality reports on pressing industry issues written by a cross-section of experts in the financial services, investments and pensions sector. Clear Path Analysis has a unique position in the market place- because of its model of using majority end users and buyers to contribute to high quality papers. Clear Path Analysis, established by Noel Hillmann in January 2010, is headquartered in London and has plans to expand into New York over the next two years, substantially growing its headcount. For further information, please visit www.clearpathanalysis.com
Home » Press Releases » Clear Path Analysis Finds that Despite Advances, Exchanges Want More from their Current Technology Infrastructures
Join Xignite and TABB Group for a Webinar on “How Mobile is Reshaping Financial Advice”
MEDIA ALERT San Mateo, CA – Xignite, Inc. Presents: How Mobile is...
Most Recent Articles
Xignite Reaches Milestone of 5 Billion API Requests Per Day for Financial Data
Xignite announced today it has reached a milestone of serving five billion API requests per day for financial data
Xignite Announces Microsoft® Excel Add-In for Market Data API Suite
Xignite Allows Financial Analysts to Easily Pull Streaming Real-time Financial Data Directly into Excel
Xignite Achieves AWS Financial Services Competency Status
Xignite has achieved AWS Financial Services Competency status. Xignite is recognized for providing deep expertise to help FinTech and financial services organizations manage market data distribution..
Xignite Announces Channel Partner Program
Xignite Announces Channel Partner Program to Foster Community Focused on Making Market Data Easy for Financial Services Clients
CB Insights Reveals the Fintech 250 List at Future of Fintech
Xignite Named to the 2017 Fintech 250, Highlighting Advancements in Cloud-based Market Data
Xignite Adds Morningstar Global Funds Data to Its Market Data Cloud Platform
FinTech Robo-Advisors, Online Brokerages and Investor Analytics Companies Will Benefit From Easy API Access to Global ETF and Mutual Funds Data
Xignite Scales Leadership and Sales Teams, Adds Financial Services Industry Veterans
Cloud-based Market Data API Provider Opens New York Office to Service Rapidly Growing Capital Market Customer Base
Xignite to License its AWS-based Market Data Cloud Platform to Exchanges and Data Vendors
Xignite, Inc., the leading provider of cloud-based financial data Application Programming Interfaces (APIs) announced today the ability to license the company’s Market Data Cloud platform.
Xignite Webinar: The Cloudification of Capital Markets
Xignite, Amazon Web Services and featuring Forrester: webinar to address how market data APIs allow banks to innovate at the speed of a fintech startup
Xignite Clients Nominated for 20 Benzinga Fintech Awards
Xignite Fintech Clients Execute Clean Sweep of Innovation in Mobile Category and Win 11 Awards
Xignite Provides Free Use of Market Data APIs to Nine FinTech Sandbox Residents
Xignite is proud to announce that three FinTech Sandbox residents will showcase solutions powered by Xignite market data at the FinTech Sandbox Demo Day on March 24th.
Xignite to Showcase Financial Data Streaming and Alerts API Solutions at FinDEVr New York
Xignite will showcase CloudStreaming and CloudAlerts, two new APIs that allow fintech developers to stream real-time market data to digital financial applications, and add notification alerts.
Xignite Forex Data Now Available in the Oracle Cloud Marketplace
Xignite XigniteGlobalCurrencies API is now available in the Oracle Cloud Marketplace, offering added value to Oracle Enterprise Resource Planning (ERP) Cloud customers.
Xignite Named ‘Best Cloud Solution’ for 2016 Wall Street Letter Institutional Trading Awards
Xignite announced today that its Market Data Cloud platform has been named ‘Best Cloud Solution’ for the 2016 Wall Street Letter Institutional Trading awards.
Xignite CloudAlerts API Lets Fintech Developers Empower Investors with Real-Time Market Event Notifications
CloudAlerts, the Scalable Market Data API Provides Real-time Notifications of Market Events Such as Price Movements or Volume Breakouts
Xignite Closes $20M Series C Funding Round Led by QUICK Corp
Xignite has raised $20.5 million in a Series C funding round led by Tokyo-based QUICK Corporation, part of the Nikkei Group and Japan’s largest financial information provider.
Xignite Named as Leader Among Fintech Companies Disrupting the Financial Services Industry
Xignite, the leading provider of market data cloud solutions, finishes 2015 ranked as one of the world’s top fintech companies in several key reports.
Xignite Market Data APIs Available on SoundHound, Inc.’s Natural Language Voice Technology Platform, Houndify Enables Users to Receive
Xignite announced today the integration of Xignite market data APIs into SoundHound Inc.’s new Houndify platform, the leading sound recognition and search technology provider.
Xignite Streams Real-time Equity Prices to Ipreo Investor Relations Platforms
Leading provider of cloud-based financial market data solutions announced that market intelligence provider Ipreo selected Xignite APIs to provide real-time & delayed equity prices to Ipreo's platform
Xignite Records 50 Billion Financial Data API Calls per Month