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Are You in the Driver’s Seat? How Innovative Drivers Can Inspire Traders

By Patrick Chambeau, Director of Marketing, IPC

I believe that you always learn a lot from others. Listening, learning and sharing is vital to feed innovation, develop and improve ideas, concepts, or solutions to an industry. Having just returned from Zurich and Geneva where we hosted dynamic customer events headlined by interesting keynotes, I have been reflecting on all I’ve learned. We had great speeches from Marco Parroni, Head of Global Sponsoring and Managing Director at Julius Baer;  and Nicolas Prost, the French race car driver, who is the son of the famous pilot and champion, Alain Prost. First, I’d like to thank them for their insights from the automotive industry and Formula-E (Electric race cars), in particular. The Formula-E concept is really innovative — the future — and a real challenge at the same time.  Second, I’d like to share here, some of what I learned and explore how we can be inspired by the brand new Formula-E concept, and synergies with IPC and the financial markets.

For those who may be unfamiliar with IPC Systems, for over 45 years we have been delivering specialized communications solutions for the global financial markets. Our trading communications expertise and cloud financial ecosystem of 6,600-plus diverse market participants transform traders’ workflow efficiencies, as well as the entire market, buoyed by our new Unigy 360 solution.

We are operating in a fast-moving market and many parallels could be made between drivers and traders; both are in some ways high-speed pilots.  Traders seek efficiencies and high performance in trying to generate alpha, looking for the ultimate advantage to make the difference by optimizing details, day after day, hour after hour, minute after minute, second after second. They are driving their P&L in a rapid pace global economy. No doubt. Many structural changes, stricter risk management practices, evolving compliance requirements and a evolving regulatory environment continue to impact the global capital markets, along with geopolitical issues that spur market volatility and uncertainty in this fast-moving environment.

And yet, every day several trillion dollars of securities are traded around the world — the daily FX turnover is over $5 trillion — and growing.  Newer transformative technologies such as blockchain, artificial intelligence, the cloud, and the high availability of news and information coupled with a larger number of trading venues are all enabling a more transparent, secure, speedy marketplace, with the capability for deeper analyses and greater understanding of risks.  All of these changes are positive, but it means the needs of users have changed as well.

For instance, fast and accurate communications across front, back and middle offices are needed, as well as the ability to capture trade data for regulatory purposes. Trading operations across multiple geographies are needed 24/7. Employees are increasingly working from offsite and remote locations, so mobility is critical.

Similarly in the automotive industry, the need for a new kind of mobility has become essential. We are changing the way we travel, drive and go from one place to another. Using new energy sources, new vehicles, being always-on and connected around the clock, with technology and tools that are empowering us, not only as drivers but “augmented-humans,” we have access to an array of data while driving to make optimal navigation decisions.  Some drivers are also looking at better ecological behavior and responsibility, as well as performance efficiencies. Nicolas Prost was fascinating in explaining that the whole concept of Formula-E had to be reinvented to work — not really as an extension or copy of the Formula-1, but more as a new era in race driving, with new parameters. The engineers had to invent a new paradigm, to manage:

  • Energy
  • Speed
  • Power and autonomy
  • Performance

This, keeping in mind the new applications they would transfer to the automotive industry, nowadays, as the rise of the electric cars market is real. In this report, McKinsey insightfully tackles in more detail a new mobility ecosystem, autonomous driving, electrification and connectivity.  It’s really insightful on how mobility is being reinvented, why we have entered in the era of a software domination and what will be the new connected routes of the future.

Being adaptive to change is critical, and this is the power of Unigy 360 and IPC. Financial participants gain reliable, secure and “anytime, anywhere, any device” access to counterparties, liquidity, and trade lifecycle services. As a cloud-based software-as-a-service (SaaS) model, Unigy 360 empowers IT with more flexibility and adaptability delivering it on-demand, when needed. IPC’s Unigy 360 is recognized by the market. It’s an industry game-changing solution that provides ease, security, and data intelligence, and is a powerful catalyst to mitigate operational, market, business, and investment risks.

Finally, to succeed in developing and commercializing new solutions, it takes a company that lives, breathes and believes in innovation.   A team needs to have a deep understanding of its customers business, but also be push boundaries, think ahead, learn from prior experiences, embrace collaboration and be guided by an unfaltering mission to make the continually changing needs of the market and its innovation drivers.  We believe this is IPC’s hallmark.  We are excited to share more about our groundbreaking Unigy 360 platform deployment around the world and will be pleased to accompany you as a customer, trader, broker, IT manager, compliance officer…in this transformation. We look forward to helping bring your business to the next level.

© 2018 IPC Systems, Inc. All Rights Reserved. The contents of this publication are intended for general information purposes only and should not be construed as legal or regulatory advice.