Episode 253: A tech unicorn's take on cloud and infra in the capital markets

Waters Wavelength

This week, Andy Volz, chief operating officer at Clear Street, joins Tony on the podcast. They discuss the challenges existing technology infrastructures pose to the capital markets, the growing necessity of the cloud, and some trends in the market. 9:00 – Andy joins Tony on the podcast and gives an overview of his career and what Clear Street does. 12:00 – They discuss the bottlenecks in capital markets tech infrastructure. 14:00 – Where does the broker community struggle to provide additional insights? 18:30 – The advantage of being “cloud-born.” 20:30 – The lack of innovation in technology and regulation are systemic threats to liquidity within public equity markets. 22:00 – Andy explains how legacy infrastructure adds cost to end-users. 24:30 – Is there something fundamentally changing the markets? 28:00 – They discuss using blockchain in equity clearing and the risk of vendor lock-in. 33:00 – Andy gives an insight into Clear Street’s next growth stages.