“Een kritisch aspect van het makelaardijbedrijf waar de meeste mensen zich niet bewust van zijn, is de enorme onderliggende complexiteit. Op een hoog niveau integreren we met meerdere beurzen, depositories, RTA’s, banken, banken en andere. Elk van deze integraties (honderden API’s en bestandsuitwisseling) is niet-uniforme en niet-standaard, resulterend in massale en operationele complexiteit van de massale en Operational complexity.
“A good example of silent, systemic backend-work that causes a significant impact is that the multi-year exercise Sebi committed itself to standardizing data exchange between market tits-the unified file formats (UDiff),” said the tweet.
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Kamath said that the data exchange between institutions became consistent in a single format between data structures. “The same data that was inconsistent in three stock markets, for example, were united to be consistent in a single format, in numerous data structures. As a result, we ultimately removed 60%+ of the code needed to maintain these individual data formats, which significantly reduced the technical and operational complexity and risk,” he added.
Advantages
Kamath explains how this step made more efficiency and would have a meaningful impact for investors. “Together with this we saw enormous efficiency transactions. A nocturnal import process for data, for example, went from 40 minutes to 30 seconds. Ultimately, this one SEBI project built up the technical fault in the course of the decades, which significantly reduced the technical and operational risk on the Indian capital markets,” Kamath said.
“These boring, invisible, background updates are often much more meaningful, more impact and more advantageous for retail customers than most shiny frontend functions,” Kamath said.
Speaking of his own company, the CEO said that the company took operational debt very seriously. “At @zerodhaonline we take technical and operational debts very seriously. Reduction of its structure and giving these invisible improvements as a lot of importance, if not anymore, as a fronting functions, is our technical philosophy. Our priority is to make the underlying systems robust and reliable for the following decades for the following decesnium Kamath.
Also read: Zerodha’s Nithin Kamath calls for a lower STT, higher leverage to stimulate trade volumes in cash, futures
(Disclaimer: recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)
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