Few things are transforming software, business, and nearly every aspect of our lives like cloud computing and software-as-a-service (SaaS). It’s easier than ever to build and deploy new applications, and the result is a plethora of new companies vying for our attention across nearly every domain. The cloud revolutionizes data collection and analysis and empowers SaaS, making it simple to distribute software to anyone, at any time, in nearly any location.
It’s no surprise, then, that the cloud is finding its way into trading systems as well. TT was an early adopter of cloud technologies in the trading space. We began talking about our next-generation trading platform in early 2014, but a year and a half later, and particularly with new entrants using similar terms, I think it’s important to ask: what does it mean to be a “cloud trading platform,” is there a difference between SaaS and “cloud,” and where does TT fit into the mix?