Forefront Communications

Markets Media: 2020 Outlook: Anthony Amicangioli, HPR

Alexandra Hamer

Alexandra Hamer

Anthony Amicangioli is Founder and CEO of Hyannis Port Research.

What was the highlight of 2019?

Anthony Amicangioli, HPR

Last November HPR launched Omnibot, the industry’s first networking device that integrates direct market access, risk management, data delivery and latency capture functionality into a single multi-application switch. This is a key step into advanced cloud infrastructure systems.

In 2019, we saw Omnibot become an essential technology for the capital markets. Larger sell-side firms are currently engaged in an asymmetric technology race with the market makers who have their roots in high frequency trading. By simplifying and unifying market participants’ back ends and positioning data center architectures on par with cutting-edge technology firms, Omnibot helps them level the playing field.

What surprised you in 2019?
In 2019, we saw cloud continue to become more pervasive and integral to the capital markets future. However, what surprised us at HPR is that although the desire to implement cloud strategies is there, cloud migration is not simple, and firms are struggling to craft cloud strategies to drive their businesses.

Despite technological advances, modern cloud systems require expertise in numerous technology specialties, such as high-performance computing, advanced data-center network systems and chip/FPGA design. While the leading cloud providers are strong in these areas, most critical financial applications cannot be placed on public cloud infrastructure as they have highly specialized requirements. This has presented a daunting technology management challenge for the incumbent financial services companies grappling with their cloud strategies.

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