Top Issues and Trends in the Financial Services Vertical

TelX hosted a financial services roundtable event at their Financial Business Exchange (FBX) data center in Clifton, New Jersey. The panel of industry experts (and TelX customers) was moderated by the TABB Group’s Kevin McPartland, and introduced by TelX CEO Eric Shepcaro.

Mr. Shepcaro introduced the event by giving his own personal background about why we find ourselves hosting and attending an event like this. In other words, what is it that has created this focus on the financial services vertical by so many data center providers with property in locations such as New York City, Chicago, Toronto, and London? One issue clearly is the drive toward automation (of trading and other financial transactions). Electronic automation that is commonplace today was not thought of as recently as ten years ago, even as consumer-focused online trading services were emerging. Changes in technology are also driving this interest. Technology changes at the network level, server level, and even at the silicon level are impacting what is happening within this vertical and within the data center itself. Changes from the regulatory perspective are also in play, and of course the rebounding of the global economy is fueling momentum in the financial services vertical.