News from BT Global Banking and Financial Markets
BT Netrix HiTouch aids search for alpha
The financial markets have been increasingly turning to automation and so-called “low touch” trading over recent years.
And driven by the need to realise cost-efficiencies and meet regulatory demands for transparency it is happening across a wider range of asset classes and cutting more deeply into the trade cycle than ever before. But as a consequence spreads are getting ever thinner and investment returns harder to find.
As a result many firms are adopting much more complex trading strategies across multiple asset classes in the search for returns. This requires far more human interaction prior to executing – helping in the search for liquidity and alpha (investment returns) and managing the supporting collateral and associated risk – in other words “high touch” human activity complementing “low touch” automation.
Speaking to AT Monitor at this year’s TradeTech in April, Tim Furmidge, Head of Product Management at BT Financial Technology Services Group explained how BT Netrix HiTouch complements and extends BT’s existing portfolio for the trading community.
“The markets are telling us they want to complement these low touch
electronic services with human collaboration to help them find liquidity”
“BT already meets the needs of the market for electronic trading and low touch services through our BT Radianz Cloud – the ability to access market information and orders pre-trade, to be able to trade electronically including low latency services within data centres and between data centres, and we also provide all the post trade clearing and settlement and trade reporting capability,” he said.
“But the markets are telling us they want to complement these low touch electronic services with human collaboration to help them find liquidity, manage investment returns and manage risk, particularly when dealing with complex asset classes and strategies. So we are extending the Radianz Cloud with the ability to talk to your clients through the cloud and have high quality audio and video conferences for collaboration.
“BT Netrix HiTouch integrates very tightly with those services in the Cloud and with those services around it so that we have market information on hand… [It] has a very rich touchscreen interface – the ability to swipe people into conferences, easily see what your team are doing and rapidly collaborate to meet the needs of the market place. So with that addition we are able to help people interact, collaborate and trade across multiple trading strategies right across the trade cycle.”
Watch the interview with Tim Furmidge
Read more about the latest addition to our trading turret and dealerboard solutions here