Hirander Misra, co-founder and chief executive of Algo Technologies
The technology arms race is driving both change and systemic risks, which is why people simply cannot opt out. For Hirander Misra the snowball of Moore's Law rolls on, gathering momentum as latencies plummet and volumes soar. Yet he brings good news as well, since technology offers dramatic reductions in energy footprints, despite enabling ever-higher-frequency strategies. Therefore, by referencing sponsored access he sees light at the end of the wormhole that is driving through the black hole of technology turbulence.
The co-founder of Algo Technologies also provides interesting insights into the risk-averse trader psychology that abandoned struggling US markets in the fateful flash crash of 6 May. He then scans the horizon for what will shake things up next. Will it be his new matching engine that knocks spots off the competition or will it be cross-asset trading in a box, the one-stop-shop that everyone wants, but remains incredibly elusive? He certainly seems to have his finger on the pulse as he charts the future of 'split co-lo', distributed trading. In a world beset by gloom and doom, Hirander Misra shines the bright light of optimism and innovative zeal. 'When the going gets tough, the tough get going', they say.