Forex Technology : Cloud Computing Services: meeting more than demand spikes in FX
Whilst it may still be early days in the evolution and adoption of
Cloud Computing technology by financial services firms and other
institutions, the hype surrounding it may in five years time have
dissipated to such an extent that market participants and end users
regard Cloud technology as the norm. Roger Aitken investigates how
the Cloud Computing model operates and in what ways the pooled
resources of an enterprise Cloud design can assist with the
delivery of FX trading applications.
Many organisations today appear stuck with legacy applications
that are handcuffing them from investing in new technologies and
applications to deliver competitive advantage, reduce costs and
increase revenues. The scenario might be akin to a crash on the
highway waiting to happen, which can only be avoided by investing
in modernising applications and retiring older IT systems.
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