据美国总统 & 首席执行官, 迈克Bodson, shares his viewpoints on the key trends that lie ahead for the market infrastructure industry.
Q. 在我们开启2020年之际, please can you look further into the future, and shares your predictions on what the US market infrastructure industry might look and feel like by 2025?
MB: The pace of change in our industry is so rapid and dramatic that it’s difficult to accurately predict what the US market infrastructure will look like in two years, 更别说五个了. 很明显, 然而, that market structure and 帖子-trade processing will evolve dramatically as new technologies like distributed ledgers, 云, artificial intelligence and machine learning begin to replace legacy systems. Whether it’s complementing or replacing them, fintech will spark transformative change. 作为进化的一部分, I’m very confident that digital platforms and application programming interfaces (APIs) will become ubiquitous across financial services, which will enhance the client experience by giving firms unprecedented flexibility to tailor services to meet their unique needs. 除了, markets will continue to evolve to allow trading of all forms of assets, 包括代币化资产. 随着这种趋势的发展, the industry and regulators will have to prioritize developing rules to govern the 帖子-trade processing of these digital assets to protect market stability. An overriding goal for all market participants in the coming years is to make sure that new technologies are adopted in a thoughtful manner and that they increase client value. Often, the best solution isn’t always the newest technology. 有时, improving existing infrastructure and optimizing processes can deliver equal or better results
Q. And how is your firm getting ready for the changes you’ve outlined above?
MB: 在存, we’ve been leading the digital transformation of 帖子-trade processing since our founding more than 40 years ago, and we’re building on that legacy by actively shaping the future of our industry. We’ve already started that work by launching innovative, 新vnsr威尼斯城官网登入和新服务, creating an API marketplace similar to the App Store for our clients and advancing fintech use cases to further enhance efficiencies and strengthen market safety. We’ve also sharpened our focus to make the biggest impact in areas where our clients face significant challenges, such as helping them reduce costs and risks, improve capital efficiency and liquidity, meet regulatory reporting requirements in a timely manner and address operational efficiencies.
Most firms today face tremendous cost pressures and revenue compression, and the expectation is this trend will become even more acute in the future. The industry has been very clear that it needs greater support from market infrastructures like 存, and we are responding by advancing initiatives that will completely reimagine the back office as a common set of services and communication protocols. Our goal is to commoditize even more 帖子-trade functions to reduce the total costs of processing—their costs and our costs combined—and help our clients drive organic growth and higher levels of profitability.
Q. Entering a new decade is not just about looking ahead; it’s also a good time for reflecting on the past. What’s the top lesson you’ve personally learned from the past 10 years?
MB: 我们从中吸取了很多教训, but the one that stands out—especially today—is firms that fail to adapt to change will be quickly displaced. Our clients are looking to us to help solve their problems more than ever, and we take that responsibility very seriously. We must be creative and thoughtful, more agile and responsive to their needs and always provide a superb client experience. The industry is straddling a line between an old world and new world, and we are helping to build a bridge that will enable them to achieve their business goals and objectives. 然而, while the industry is moving quickly, our core mission remains unchanged: Our clients expect seamless, 完美的执行, and we are committed to delivering that every day.
This article first appeared in WEF In Focus, January 2020 issue.