data-url="http://www.xignite.com/market-data/top-5-broker-dealer-technology-challenges-crushed-by-the-cloud/"

data-via="xignite" data-text="Top 5 Broker-Dealer Technology

Challenges Crushed by the Cloud"

data-count="vertical">Tweet style="float: left; margin-right: 10px;"

src="http://cdn.xignite.com/blog/02_09_12/Broker%20Dealer%20Technology%20Challenges.png"

alt="" width="150" height="200" />Today's broker-dealers face

an uncertain future with a highly competitive marketplace, lower

trading volumes, and the prospect of dramatically more stringent

regulation. In this challenging environment two themes remain

constant: 1.) the need to offer superior customer service; and

2.) the need to control costs. The adoption of an on-demand

market data cloud instantly benefits broker-dealers because it

allows them to focus on what is important by addressing the top

broker-dealer technology challenges.This post is the first in a

multi-part series that describes the top 5 broker-dealer

technology challenges all dispatched by the market data cloud. In

subsequent posts we will examine each of these broker-dealer

technology challenges in greater detail.

Broker-Dealer Technology

Challenge #1

Responding instantly to new

regulatory reporting requirements

New

regulations have saddled broker-dealers with costly reporting and

compliance requirements. Frequently these onerous requirements

are made more challenging by inflexible reporting systems and an

inability to quickly access accurate market data. An on-demand

market data cloud allows broker-dealers to quickly respond to

these new requirements and enrich their

reporting with multi-asset class market data.

Broker-Dealer Technology Challenge #2

Delivering enhanced transparency to clients with

real-time reporting

In these volatile times

your clients demand a deep understanding of risk and exposure. A

market data cloud allows broker-dealers to offer a level of

transparency that only real-time multi-asset class reporting can

provide. Quickly add this capability and give your client base

the insight they demand.

Broker-Dealer

Technology Challenge #3

Differentiating your

services by providing mobile access

Differentiate your services by offering your clients

mobile apps. Allow them the flexibility to view and act on

critical information wherever they may be. Market data accessed

via cloud APIs is the ideal solution to quickly

power all of your iOS, Android and HTML 5 mobile apps, without

the inconvenience of traditional market data feeds.

Broker-Dealer Technology Challenge #4

Focusing on customer service, not data

management

In today's competitive environment

broker-dealers need to be laser-focused on servicing their

clients. Distractions such as compliance, regulatory reporting,

and rapidly changing technology requirements have all served to

distract broker-dealers from their core mission of providing

superior service. With an on-demand market data cloud all of the

headaches involved with building and maintaining a market data

infrastructure are instantly removed.

Broker-Dealer Technology Challenge #5

Reducing the cost of market data

Everything is now on the table when it comes to

controlling cost. A large and increasing proportion of a

broker-dealer's annual expenditure is spent on market

data. This cost is comprised of both the actual data and the

infrastructure cost. Broker-dealers can significantly reduce cost

by moving to an on-demand consumption model, and by replacing

their in-house infrastructure with a market data cloud.