Typical Infrastructure
Typical Infrastructure
Foreword
Introduction
Part 1: What the Infrastructure Needs to do
Trades and Products
Where do Trades Come From?
The Purpose of the Infrastructure
Typical Infrastructure
Part 2: The Problems with Trade Processing Infrastructure
The Problems
The Evolution of Technical Complexity
The Regulatory Challenges
The Complexity Cycle
Part 3: Historic Approaches to Transformation
BAU/Incremental Change
Front-to-back Re-engineering
Functionalisation, aka “Factories”
Front-to-back Systems
The Golden Middle
Simplification
Part 4: New Approaches to Infrastructure
Digital
Cloud and Utilities
Artificial Intelligence and Robotics
Big Data and Analytics
Blockchain/Distributed Ledger Technology
Distributed Ledger Technology: Hybrid Approach
Nirvana?
I have not as yet noticed by far the most remarkable feature in the natural history of this archipelago; it is, that the different islands to a considerable extent are inhabited by a different set of beings. My attention was first called to this fact by the Vice-Governor, Mr Lawson, declaring that the tortoises differed from the different islands, and that he could with certainty tell from which island any one was brought. I did not for some time pay sufficient attention to this statement, and I had already partially mingled together the collections from two of the islands. I never dreamed that islands, about fifty or sixty miles apart, and most of them in sight of each other, formed of precisely the same rocks, placed under a quite similar climate, rising to a nearly equal height, would have been differently tenanted.
– Charles Darwin, The Voyage of the Beagle
This chapter will describe the main types of systems (and the methods by which they communicate) that can be found in any significantly sized capital markets business. If you are familiar with the full set of core systems for two or more banks, this chapter is useful mostly as a reference. If you only have
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