Axoni reposted this
Similar to the internet's transition away from Flash and older versions of HTML, Axoni has made considerable advancements since its inception in 2017. In this WatersTechnology.com article by Nyela Graham, our CEO Greg Schvey, delves into our tech evolution as we have largely moved away from blockchain technology in our mission to solve the data synchronization problem that continues to persist across capital markets. “Most of what our clients are trying to replace are things like end-of-day batch reports,” Schvey says. In the conversations around moving to T 1 and eventually same-day settlement, vendors and market participants have expressed a need to shift away from end-of-day batch to intra-day or real time. Schvey says Axoni’s platform can keep clients up to speed on events throughout the day, reducing the need to calculate risk and net position at the end of the day. Read the full feature here (sub required): https://hubs.la/Q02HFktX0