As TradeTalks just lately returned to the Singapore Fintech Festival for its fifth yr of protection, Nasdaq World Markets Reporter Jill Malandrino spoke with Roland Chai, EVP, Marketplace Technology at Nasdaq, about a number of the main traits impacting market infrastructure operators he’s seeing and listening to on the competition.
The next is a transcript of their dialog, which has been flippantly edited for readability.
Roland, it’s nice to see you in individual on-site on the Singapore Fintech Pageant. Thanks a lot for becoming a member of us. You head up Market Platforms at Nasdaq. What are the traits that you just’re seeing? What’s prime of thoughts for market infrastructure operators globally?
Roland Chai: It is nice to be right here in Singapore. It is a incredible, vibrant competition and so great to see so many marketplaces and fintechs from around the globe represented right here, particularly post-COVID.
For market operators, there’s a few reoccurring traits we’re seeing having an affect globally.
One is how do market operators cope with ESG, particularly the expansion in ESG and what’s coming down the pipeline when it comes to authorities initiatives and rules and the way that impacts markets. That is notably related for the worldwide carbon market and carbon initiatives popping out of COP26 and COP27, which can have knock-on results that may assist creating the capital markets as nicely. That is primary.
And two, the event of digital belongings and the broader market infrastructure ecosystem. Right here on the competition, it’s been closely targeted on trying on the subsequent wave of monetary markets infrastructure, in addition to fintech and funds. One of many massive challenges, and one we’re excited to be up for: how do you evolve and leverage the varied pre-trade and post-trade programs utilized presently in conventional finance—that are instrumental as crucial infrastructure for economies— and now incorporate DLT or transfer these programs to a web3 atmosphere?
At Nasdaq, we work throughout these quickly evolving spectrums each in tradfi and digital belongings, so we’re excited to carry our data and experience to the desk, whereas additionally educating ourselves alongside the way in which.
How do you suppose these traits are going to affect the infrastructure operators?
Roland Chai: Infrastructure operators really want to know how they will use their present stack of expertise and likewise be capable of combine and meet the challenges of not solely what their prospects need, but in addition what the establishments need and the way the markets are evolving.
It isn’t a matter of throwing away what they already possess however with the ability to open up and combine new applied sciences like open APIs and likewise modularized providers in order that they will take benefit and likewise present what they do very well. Which means safety, the danger controls required in managing main market infrastructure and being open to bringing that worth proposition to new asset courses as nicely.
What about enterprise transformation as a defining space for the last decade forward?
Roland Chai: It’s completely groundbreaking while you have a look at Singapore and Southeast Asia extra broadly with how cell funds and likewise fintech has actually taken the area ahead. In my opinion, that actually remodeled the B2C relationship.
For B2B, when it comes to the establishments, how they transfer ahead on funds and likewise going to a world of 24×7 DLT and opening up and offering extra providers can be extraordinarily fascinating to see evolve.
Transformation is about how one can iterate and ideate faster with each your purchasers and your purchasers’ purchasers and perceive the traits which can be coming.