Band-aids vs build-outs: Best practices for exchange software migrations
Heetesh Rawal writes that legacy exchange systems are under pressure to scale to support new asset classes and greater volumes, leaving exchange operators with a stark choice: patch up outdated systems and hope for the best or embark on risky but rewarding replacement projects.
Infrastructure migration can be one of the most daunting and demanding endeavors for an exchange and can leave them in a catch-22 situation. On the one hand, they know their aging infrastructure can no longer support newer instruments or future growth. On the other hand, the prospect of planning and completing a migration to a new system can be so fraught with risks that it can lead to inaction.
This is the dilemma faced by businesses across all domains amid the general movement to cloud.
The
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