December 20168 IN MY VIEWW hy `recreate the wheel'? This is a concept I often reflect over when deploying new software solutions. Why would I build a concept when someone or another firm has already manufactured and invested time and money doing so? For me, it doesn't make any sense unless you are a top technology vendor making millions by selling software. It may be for competitive reasons but seriously, some forms of technology give you no competitive advantage. I have used this philosophy through most of my career and when faced with a problem or a business case, I always look for a ready-built solution. Of course, there is a level of customization required to fit the uniqueness of the market you're in but let's face it, certain technologies are very generic. The approach many firms are now taking is to look for global standards with generic software. Take for example: connectivity protocols. The majority of the capital markets have adopted FIX and with their backend using SWIFT or ISO standards, there is no need to build anything new when these standards create efficiencies for their clients. The large global investment banks connect to every market in the world, yet to create unique standards of connectivity for each would Current Technology Issues/Trends ASX (ASX: ASX) is a financial securities exchange based in Sydney, Australia. Founded in 1987, ASX presently has 180 participants, and approximately 2,200 listed companies and issuers. By Tim Thurman, CIO, Australian Securities Exchange (ASX)In switching gears to talk about the latest trend, Blockchain has to be at the top of the list and for obvious reasonsTim Thurman
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