Real-time data, real-time monitoring, and a real-time alarms.
I got some great feedback from my last blog post on the potential for augmented reality in trading – thanks everyone for all the DMs. It did get me thinking a bit more about the data angle, and I came across a great quote from a book I am reading by John Rossman, Think Like Amazon: 50 1/2 Ideas to Become a Digital Leader.
“Today, you need real-time data, real-time monitoring, and real-time alarms when trouble is brewing—not lag-time metrics that hide the real issues for 24 hours or longer. Your business should operate like a nuclear reactor. If a problem arises, you need to be aware of it immediately.”
Everyone knows how valuable data is these days and Capital Markets are no exception. Thankfully newer technologies based around Mesh Application Services Architecture (MASA) are starting to make this a reality, and this is another area being researched back at valantic FSA HQ.
In years to come, I think we will look back and reminisce fondly on just how inefficient trading tech stacks used to be. It’s also interesting that the valantic group has been introducing “The Digital Now” into other industries such as Chemicals, Manufacturing, Media and Entertainment.
This provides us with valuable learning and experience as we bring the API economy into Capital Markets.