You’re probably familiar with the concept of spiritual nirvana, a transcendent state of being associated with Buddhism. What if we applied this concept to the workplace — more specifically, to workflows used by traders at buy- and sell-side financial firms? What would “workflow nirvana” look like, and what would it take to achieve it?
Our latest thinking,
insights and updates.
One year out from the start of the sweeping COVID-19 pandemic that changed working conditions globally, many firms continue to struggle with how to address the challenges they have faced during the transition, particularly voice trading in what has become a virtual market ecosystem. While every company needs to employ remote working capabilities, there is no question that it is difficult to manage and can create challenges when trying to access and store voice data.
Today, we have announced that I will be stepping back from the day-to-day operations of Symphony and will remain on the board of directors to support the company on strategic matters. Symphony’s president and chief commercial officer, Brad Levy, will become our chief executive officer on June 1, 2021.
Four thematic questions and the beginning of some answers that could help solve the puzzle around the need to reduce email reliance for financial firms
Traditional interactions, typically involving email, are as inefficient and risky as ever. Email is basically a 40 year old message queuing system. How is that helpful? I mean even fax machines could be considered more current (and secure) than email.
The last year has been a whirlwind for everyone. And while regulators such as the CFTC have offered temporary relief and extensions to certain voice trading and record-keeping rules in the increasingly virtual environment, distributed compliance parameters still remain a pivotal element of the institutional landscape. A distributed workforce is not a new concept in any industry, including capital markets. However, a lot of firms continue to struggle with how to address the challenges they’ve faced in the process, particularly in a shifting market ecosystem. While every company needs to employ remote working capabilities, there’s no question that it is difficult to manage and can create potential compliance challenges.