News from BT Global Banking and Financial Markets
Institutional Investor award – a first for BT
Tanuja Randery President, Strategy and Transformation, BT Global Services has been ranked as one of The 2014 Tech 50 which are nominated by industry experts and compiled by leading international finance publication Institutional Investor.
Tanuja spoke about the role of technology in enhancing growth in the financial services industry on 2 July at the 5th annual Banking and Finance Forum, which was part of the Liverpool International Festival for Business 2014.
Technology has changed the face of global trading, said Tanuja at the conference.
The rise of high speed algorithmic trading is just one example of how advances in technology have impacted the markets, with battles for growth and profits now being fought over the latest algorithms.
Technology is also helping banks reach out and expand into new markets and react quickly to wherever the growth might be. The ability to be able to quickly tap into these new markets is key to profitable business success, and increasingly we are seeing the deployment of ‘cloud’ solutions that
give customers predictable ‘pay as you use’ pricing, allowing them to
flex up and down whenever there are peaks or troughs in growth.
Thanks to technological advances, like this, more and more market venues are becoming accessible all over the world, and the BT Radianz Cloud has access to over 100 international exchanges.
Tanuja cited the example of SGX Singapore Exchange – the Asian gateway that connects investors in search of Asian growth to corporate issuers in search of global capital. It is Asia’s most internationalised exchange with more than 40 per cent of companies listed on SGX originating outside of Singapore. It also offers its clients the world’s biggest offshore market for Asian equity futures centred on Asia’s three largest economies – China, India, and Japan.
From July 2012, SGX customers in London and Chicago were able to access the world’s biggest offshore market for Asian equity
futures at SGX by simply connecting to BT Radianz at a local,
third-party data centre – a cost effective and managed connectivity service linking them directly to the Singapore exchange. It also helped SGX to become first Asian exchange with hubs in the US and Europe, bringing its markets closer to international investors.
Download the Singapore Exchange case study