Since the 1990s, Hong Kong and Singapore have jostled for dominance over the bulk of Asia’s financial markets activity. Market participants in both cities believe their respective metropolis’ are uniquely positioned to act as a gateway to the rest of the region for trade and commerce.
Fintech mergers and acquisitions (M&A) activity within the investment banking industry is set to increase in 2017, according to a survey of the financial markets industry published by law firm White & Case in November 2016.
The complex network of separate pipes that must be installed and maintained by end-users to receive real-time market data is helping drive the global spending on this information skywards. This article examines the open source initiative, OpenMAMA, looking to disrupt the market data marketplace by replumbing the market data distribution system and help end-users conquer the rising costs of this information.