Tony Locke
Tony Locke

Time for a new trend in customer-software vendor relationships?

Joe Locke offers an insight into considerations that a bank must give in selecting the right technology vendor and a view on what may well be a new era for customer and software vendor relationships.

First Published: e-Forex Magazine 26 / Features / January, 2007

With more focus and spend being directed towards e-trading strategies, as well as a new wave of software vendors claiming to have the required solution, many banks face critical decisions in securing or enhancing their position in the market. Joe Locke, Banking Operations Director at Eurobase International offers an insight into considerations that a bank must give in selecting the right vendor as well as providing a view on what may well be a new era for customer and software vendor relationships.The historical trendIt is commonly recognised that, historically, multiple software vendors have been chosen by an organisation in order to meet the requirements of the trading floor. The products offered by these software vendors traditionally specialised in front, middle or back office requirements and even specific asset classes, e.g. FX, MM, Fixed Income, Options, Derivatives and Equities. It will predominantly be the front office that results in the highest number of software vendors with these being integrated...continued

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