Episode 273: Navigating the buy vs. build debate

Waters Wavelength

This week, Adaptive Financial Consulting’s co-founder and CEO, Matt Barrett, joins Theo on the podcast to discuss the buy versus build debate. Then, they look at what characteristics firms are after in a trading system. https://www.greenwich.com/market-structure-technology/trading-technology-unveiled https://www.waterstechnology.com/trading-tech/7951276/integration-looms-large-for-buy-side-firms-deciding-on-whether-to-buy-or-build 2:30 – Matt joins the podcast and details his journey to Adaptive. 5:00 – What do we mean by “buy vs. build”? 7:30 – Is there a pattern of buying, building, and then integrating? What are the pitfalls in that process? 13:30 – How the rise of cloud facilitates innovation. 14:30 – Matt discusses what firms look for in a new trading system. 19:30 – There is always a degree of “buy” involved. 21:00 – Matt says the future of trading technology is increasingly cloud-provisioned. 23:00 – Is there more consolidation on the way?