Staying competitive in the financial and capital markets is a big hurdle that involves innovation to gain a competitive edge. From regulations, taxes,and legal compliance to technological improvements, there are many cogs to the securities industry machine. Any wheel or cog that gets blocked in some way in this machine — whether it be new compliance laws, cyber security demands, or the constant risks that financial institutions face everyday — has the potential to completely ruin the machine if they’re not tended to properly.
Solutions Must Match the Problems
From a systematic perspective, the pressure in the global market to keep up with the competition can make an institution vulnerable. Alleviating the stresses and minimizing risks are exactly what organizations look for almost every day. Staying connected and reaching out to politicians, policymakers, and regulators to push for meaningful reform and change that can help improve the economy of a country is necessary for an institution’s survival and for the economy to thrive.
The Securities Industry and Financial Markets Association (SIMFA) is invested in advocating for responsible regulations and reform. The organization represents hundreds of security firms, banks, and asset managers that are engaged in various communities to raise capital for businesses, and promote job growth and economic strength. Issues as large as the ones that the financial markets face can’t be tackled alone — it’s going to take a range of solutions to fix the plethora of problems. From technology to government and social action, the industry always needs new ideas that will address the ever-increasing problems in market that is continually changing.
When People Meet the Tech
Staying competitive in a tough industry requires a fusion of ideas from leading minds and experts. It’s going to take a room full of solution providers to brainstorm, address the ideas head-on, and spread new ideas. This is where the technology side becomes critical — as powerful as the human mind is, it sometimes takes a bit of hardware and software to fuel the machine again and build a solid technology infrastructure.
Today is the first of the two days of SIFMA Tech in New York. At this event, industry leaders and solutions providers are gathering to discuss different opinions and perspectives on how to improve operational efficiency, business processes, and risk management. Financial technologists are tasked with the job of addressing the long list of problems the financial industry faces, and they’re not going to be able to do it alone. That list is too long, and the stakes are too high. SIMFA Tech will prove to help an industry that demands fresh ideas and collaborative thinking.
TIBCO at SIFMA
This year TIBCO is represented at SIFMA by our latest acquisition, now known as TIBCO StreamBase. The company, founded at MIT by database pioneer Dr. Michael Stonebraker, started to develop a new type of database specially-designed to handle streaming data. Since its founding in 2003, StreamBase grew to have more than 50 employees and 100 customers, mainly in the capital markets with offices in Boston, London, and New York.
TIBCO StreamBase’s stand is number 1,854 in the Rhinelander Complex (click here for the floor plan) at the Hilton Hotel on 6th Avenue in New York City. On hand will be featured product demonstrations of the StreamBase Event Processing platform and the real-time analytics product, LiveView.
Available solutions demos will include network monitoring, pairs trading, Twitter Storm, and our sneak preview of our new performance overlay product feature, which has yet to be announced.
ConvergEx, a long-time TIBCO StreamBase customer, will be demonstrating and answering questions concerning its post-trade compliance system (CRSS) built using TIBCO StreamBase’s Event Processing platform.
