Waters magazine - The Cross-Asset Revolution
Waters magazine - The Cross-Asset Revolution: "1 July 2005
COVER STORY
The Cross-Asset Revolution
HSBC and Deutsche Bank rally the troops to break down the walls between different asset classes. Cross-asset-class trading is coming.
The revolution has begun, the orders have been handed down, and the troops are on the march. HSBC is forming a crack team of e-trading experts that will wage war on the technological divisions that separate its multiple asset-classes. Not to be outdone, Deutsche Bank (DB) has reformed its global IT management team in order to consolidate its IT infrastructure across asset classes. For both investment firms, internal-political barriers have been overcome and new faces have joined the team. Technology is the final hurdle in an upheaval that is sure to transform the financial markets.
Case in point: HSBC is radically overhauling its trading technology infrastructure to create a cross-asset-class messaging platform to support its electronic trading operations globally, slated to be completed by next summer. The bank's own revolutionary is Kevin Bourne, the global head of execution trading for HSBC's investment banking arm.
'We now have some very experienced people whose core skills are messaging infrastructure and messaging standards,' says Bourne, who says that he and his team are 'starting from scratch.'
Meanwhile, one of HSBC's chief rivals is hard at work. There have been big changes in the halls of DB with a high-level shakeup in the German bank's global IT management teams which started earlier this year, as reported in Waters' sibling publication Dealing with Technology. COO Hermann-Josef Lamberti has overseen the changes that not only concern asset convergence, but also the bank's retail arm integrated with the investment bank's infrastructure.
But HSBC was the first to reveal its plans to the world. The HSBC team's expertise covers all messaging structures used in financial services for transaction manageme"
COVER STORY
The Cross-Asset Revolution
HSBC and Deutsche Bank rally the troops to break down the walls between different asset classes. Cross-asset-class trading is coming.
The revolution has begun, the orders have been handed down, and the troops are on the march. HSBC is forming a crack team of e-trading experts that will wage war on the technological divisions that separate its multiple asset-classes. Not to be outdone, Deutsche Bank (DB) has reformed its global IT management team in order to consolidate its IT infrastructure across asset classes. For both investment firms, internal-political barriers have been overcome and new faces have joined the team. Technology is the final hurdle in an upheaval that is sure to transform the financial markets.
Case in point: HSBC is radically overhauling its trading technology infrastructure to create a cross-asset-class messaging platform to support its electronic trading operations globally, slated to be completed by next summer. The bank's own revolutionary is Kevin Bourne, the global head of execution trading for HSBC's investment banking arm.
'We now have some very experienced people whose core skills are messaging infrastructure and messaging standards,' says Bourne, who says that he and his team are 'starting from scratch.'
Meanwhile, one of HSBC's chief rivals is hard at work. There have been big changes in the halls of DB with a high-level shakeup in the German bank's global IT management teams which started earlier this year, as reported in Waters' sibling publication Dealing with Technology. COO Hermann-Josef Lamberti has overseen the changes that not only concern asset convergence, but also the bank's retail arm integrated with the investment bank's infrastructure.
But HSBC was the first to reveal its plans to the world. The HSBC team's expertise covers all messaging structures used in financial services for transaction manageme"
posted by eecalvin @ 9:14 AM
0 Comments:
Post a Comment
<< Home