Bates/Hubscher: The Challenges of FX Ecommerce

Candyce Edelen speaks with Dr. John Bates and Dan Hubscher.

TrendSpotters Thought Leadership Series

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The Challenges of FX Ecommerce

In this episode, Candyce interviewed Dr. John Bates, Chief Technology Officer and Dan Hubscher, the Director of Industry Solutions for Capital Markets at Progress Software.

The conversation focused on the current state of foreign exchange electronic trading, how banks are building single-dealer platforms (also known as FX ecommerce systems), and the challenges presented by this highly fragmented and opaque asset class.

Candyce talks with Dr. John Bates and Dan Hubscher about FX Ecommerce. Click on the player below to listen to the conversation.


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Automation and fragmentation has caused FX trading to become fast-paced and abundantly complex. Competing in this space requires a unique approach and the right tools. Dan Hubscher sheds light on the topic in the A-Team Insights article: “FX Trading – Managing the Boom Times”.

Read Candyce’s blog post by clicking here.

Join in the conversation at the TrendSpotters Thought Leadership Forum.

Or simply use the Twitter hashtag, #TrendSpotters.

John Bates | Chief Technology Officer | Progress Software

Dr. John Bates is Chief Technology Officer at Progress Software. In this role Bates is responsible for leading the team that creates and evolves the Progress vision and strategy, leads market research and due diligence for acquisitions to support the strategy, and evangelizes the Progress strategy and solutions to customers, partners and other constituencies.

A recognized visionary and entrepreneur in the software industry, Dr. Bates has a strong track record of innovation in areas such as event-driven architectures, smart environments and real-time computing. In particular, Dr. Bates is recognized as one of the foremost driving forces behind the emergence of Complex Event Processing (CEP) and has pioneered the commercial use of event processing in business solutions. Dr. Bates also led the initiative to develop the Progress® Responsive Process Management strategy – bringing together solutions including Business Process Management (BPM) and CEP to deliver responsive business operations to industries including financial services, telecommunications, airline operations and logistics.

With an extensive background in the Capital Markets industry, Dr. Bates has pioneered new techniques in algorithmic and high frequency trading, real-time risk and market surveillance. In 2008, Institutional Investor magazine named him one of the 30 most influential people in financial services. In July 2010, Bates became a member of the newly established Technology Advisory Committee (TAC) for the US Commodity Futures Trading Commission (CFTC). The CFTC is an independent agency with the mandate to regulate commodity futures and options markets in the United States.

Dr. Bates holds a PhD in computer science from Cambridge University and was a tenured faculty member there until 2000.

Dan Hubscher | Director of Industry Solutions – Capital Markets | Progress Software

Dan maintains the company’s leading position in capital markets, driving innovative uses of Progress solutions in algorithmic and related high frequency trading applications, real-time risk management, trading in the cloud, and more. Dan has focused the last ten years on bringing cutting edge solutions to the securities industry worldwide.

Prior to joining Progress, Dan performed various roles at Radianz, the global financial extranet acquired by British Telecommunications in 2005. At BT Radianz, Dan lead sales, marketing, and development efforts for market leading services including low latency network connectivity, latency decision support for algorithmic trading, and hosted Direct Market Access solutions.

Dan is a dual-degree graduate, cum laude, of the University of Pennsylvania.

 


TrendSpotters is a thought leadership series for the financial services industry focusing on the people, companies and issues that are shaping the future of the financial services and capital markets industries. In each episode, host Candyce Edelen engages industry leaders in a discussion of important topics and how they impact business.

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