JP Morgan’s Hudson: innovation stuck in trading web
Risk Live: Digital head floats shared platform, rather than “point solutions”
Attempts to overhaul the trading business are being held back by the complexity of the market’s existing web of systems, according to one of the investment banking industry’s top technologists.
Fintech firms are touting new ways to perform some of the tasks involved in the trade workflow, but because each of those tasks relies on – or feeds into – many others, change is happening slowly, said David Hudson, co-head of digital and platform services at JP Morgan’s investment bank.
“The ecosystem,
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