siliconindia | | April 20208I n today's cut throat competitive world, tech-nology is the only differentiator, which can keep you ahead of your competition. Every organization is working on digital transformation roadmap, which is a huge opportunity for IT vendors to provide solutions in back office automations, en-hanced customer experience, converting traditional branches into digital virtual branches, productivity improvement, seamless integration with external agencies and automated risk and fraud deduction control systems.For many years stock exchanges were physi-cal locations where buyers and sellers met and negotiated. Exchange trading would typically hap-pen on the floor of an exchange, where traders would shout and gesticulate at one another. With the improvement in communications technol-ogy in the late 20th century, the need for a physi-cal location became less important and traders started to transact from remote locations in what became known as electronic trading. Electronic trading made transactions easier to complete, monitor, clear, and settle and this helped spur on its development.The Electronic Trading Processes has increased the market efficiency by reducing the transaction costs, providing greater liquidity in the system, tighter spreads and increased transparency in the system. While electronic trading hasn't necessarily By Nafees Ahmed, CIO, IndiabullsIN MYOPINIONUPGRADING FINANCIAL SERVICES WITH AN EFFECTIVE SDLCNafees is an experienced Group Chief Information Officer with a demonstrated history of working in the financial services industryNafees Ahmed
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