Boston Technologies' CEO, George Popescu, was recently interviewed by e-Forex Magazine as part of an in-depth analysis of back office overload. As back office data grows exponentially and the FX market becomes more mature, brokers have to offer more products.
“A few years back a successful FX broker was usually offering only one trading platform, only a handful of products and most of the time only had a dealing desk. Nowadays most brokers have at least three platforms, and will develop interesting products for different market segments. As a result, the amount of data the broker needs to handle has increased, the number of data types has increased, and the complexity of the data has changed,” says Popescu.
The result? Back office bottlenecks are building up and FX brokers are facing an increasingly urgent need to start addressing the problem. To read the entire article, please click here.