Financial Services companies rely on their networks to provide market data to their customers without gaps and facilitate financial trades at high speeds. These networks require extremely low latency – far lower than most enterprises - and must be kept secure. This places great pressure on the IT teams supporting these networks to maintain these low latencies. At the same time, trends like digital transformation, automation of processes like credit applications, the shift to mobile from desktop, modernizing applications and personalizing services has made it much harder to maintain this level of performance and security. This has created several unique pain points for financial services IT teams. Let’s explain why these have arisen, walk through some of the most common ones, and discuss how a strong network observability strategy can help alleviate them.
Changes in Process, Changes in Networks
The rapid growth of high frequency trading in financial markets around the globe is placing new demands on the IT operations teams to ensure high performance, extreme accuracy and robust security. At the same time, more customers are using financial services like trading via mobile devices, making traffic patterns more unpredictable and harder for IT to manage. It’s inefficient and expensive to centralize apps in a single data center but moving them to the cloud means that IT cannot easily capture the traffic to and from those applications. If an application performs badly for a user, IT won’t know about it until the user complains, and then will struggle to troubleshoot it without packet data. IT is now walking a tightrope, balancing the increasing expectations placed on them with the growing complexity of their networks.
Network Performance
Time is money when it comes to financial trading. Fractions of a second and indi ..
Support the originator by clicking the read the rest link below.
