Financial institutions are under pressure to deliver real-time digital experiences while maintaining airtight security. From high-frequency transactions to AI-driven fraud detection, they now depend on faster, more secure, and more reliable wireless networks. Wi-Fi 7, the next-generation wireless standard delivering blazing fast speeds, ultra-low latency, and enhanced capacity, is emerging as the backbone for the demanding applications now critical to financial services. In this interview with Traders Magazine, Matt MacPherson, Cisco’s Wireless CTO, shares how Wi-Fi 7 is reshaping secure, real-time financial services.
Why do institutions depend on faster, more secure, and more reliable wireless networks?
In the financial world, speed, security, and rock-solid reliability aren’t just nice-to-haves, they’re the bedrock of success. Faster networks mean institutions can analyze market data in a flash, execute high-frequency trades, and process client transactions at lightning speed. This directly impacts their bottomline and keeps clients happy. Security is non-negotiable. We’re talking about protecting incredibly sensitive financial data, meeting strict regulations like GDPR for privacy, and fending off cyber threats that could cause financial damage and destroy trust. And reliability? It’s all about staying online. Every second of downtime can mean lost opportunities, missed market movements, and significant costs. So, advanced wireless infrastructure isn’t just an upgrade; it’s an essential lifeline for staying competitiveand secure in today’s fast-paced financial landscape.
How will Wi-Fi 7’s lower latency and Multi-Link Operation impact trading floors and real-time market activity?
Wi-Fi 7 introduces Multi-Link Operation (MLO), a breakthrough feature that lets devices use multiple wireless bands and channels at the same time—like driving on a three-lane highway instead of being stuck in a single lane. This means data can take the fastest, least congested path, reducing delays and keeping performance steady, which is crucial when every millisecond matters in financial markets.If one band becomes crowded or experiences interference, traffic is automatically rerouted to another, ensuring trading applications remain stable and responsive. By tapping into several bands simultaneously—including the new, wide-open 6 GHz channels—Wi-Fi 7 improves efficiency and minimizes disruptions, even in dense, high-traffic environments like trading floors.For trading operations, this translates to faster trade execution, quicker market data updates, and less risk of “slippage” in high-frequency scenarios. In short, Wi-Fi 7’s lower latency and built-in resilience deliver reliable, real-time connectivity that can make a real difference for trading teams and market activity.
What security enhancements in Wi-Fi 7 matter most for firms handling sensitive financial data?
While Wi-Fi 7 is a performance powerhouse, it also brings crucial security benefits for firms dealing with sensitive financial data. The biggest win is its full support for WPA3, the latest and greatest Wi-Fi security standard. WPA3 offers stronger encryption, much better protection against brute-force attacks, and even individual data encryption, which is a huge step up for security, even on public networks. Beyond WPA3, Wi-Fi 7’s increased capacity and efficiency actually make it easier to implement granular network segmentation. This means you can effectively isolate sensitive financial data traffic from general network activity, creating virtual fortresses within your network. Plus, its robust performance ensuresthat advanced authentication methods like 802.1X and integration with your existing firewalls and intrusion detection systems run smoothly, without slowing things down. More speed means you can layer on more security without compromise.
How can Wi-Fi 7 improve reliability and uptime for high-frequency or algorithmic trading environments?
For the demanding world of high-frequency and algorithmic trading, Wi-Fi 7 is designed to deliver a new level of reliability and uptime. The secret sauce is Multi-Link Operation (MLO), which provides inherent redundancy. Your devices can transmit data over multiple links at once, so if one channel hits a snag, your connection remains rock-solid through another. No more costly interruptions.Another clever feature, Preamble Puncturing, allows the network to work around interfering signals within a channel, reducing retransmissions and keeping data flowing. Add to this Wi-Fi 7’s massive capacity and efficiency, which virtually eliminates network congestion even in the busiest trading environments. The result? A far more predictable, robust, and resilient wireless network, absolutely essential for the continuous and time-sensitive demands of HFT and algorithmic trading.
What advantages does Wi-Fi 7 bring to increasingly digital branches and trading operations?
Wi-Fi 7 is truly built for the future of finance, bringing compelling advantages to both digital branchesand sophisticated trading operations.For digital branches, imagine a superior customer experience with lightning-fast, super-reliable Wi-Fi for both clients and staff. This means smooth video conferencing with advisors, seamless digital kiosks, and effortless support for all those smart branch IoT devices (security cameras, sensors, digital signage) that boost operational efficiency and security.For trading operations, this means:
1. Faster, more consistent performance when every second counts: Wi-Fi 7 dramatically reduces delays, so traders see price updates and analytics even more quickly and reliably. This givesteams an edge in fast-moving markets, where every millisecond matters.
2. Continuous connectivity for uninterrupted trading: With Wi-Fi 7, trading floors stay online even ifone part of the wireless network runs into problems. The technology automatically shiftsconnections to the best available path, so critical applications like voice trading, market datafeeds, and risk dashboards remain stable and responsive.
3. Wireless Capacity for Data-Dense Workloads: Modern trading desks rely on live data, high-quality visuals, and advanced analytics. Wi-Fi 7 combines multiple wireless channels to deliverextremely fast speeds, making wireless a realistic option for high-demand teams that oncedepended on physical cables.
4. Flexibility to Quickly Reconfigure Trading Floors: Trading environments change often—desks move, new teams join, new tools are introduced. Wi-Fi 7 makes it much easier and faster to adapt the layout without waiting for new wiring, helping firms stay agile and reduce operational costs.
5. Clearer Communication and Reliable Compliance Recording: Stable, high-performance Wi-Fi means smoother voice and video calls, more dependable collaboration, and better capture of compliance recordings—all essential for regulatory requirements and effective teamwork.
6. Consistent Performance in Crowded Environments: Trading floors are packed with people anddevices. Wi-Fi 7 intelligently manages traffic so everyone gets fast, reliable service, even at peak times.
How does Wi-Fi 7 support the surge in connected devices and data-heavy applications across finance?
Wi-Fi 7 is practically custom-built to handle the explosion of connected devices and data-heavy applications we’re seeing in finance today. Here’s how:
• Unprecedented throughput: With theoretical speeds soaring up to 46 Gbps, Wi-Fi 7 can effortlessly manage the rapid transfer of enormous datasets, real-time market feeds, and complex financial models.
• Wider channels (320 MHz): By leveraging the 6 GHz band, Wi-Fi 7 opens up much widerchannels, dramatically increasing data capacity for bandwidth-hungry tasks like real-timeanalytics, AI/ML model processing, and accessing huge databases.
• 4096-QAM: This advanced modulation technique essentially packs more data into every signal,giving throughput another significant boost.
• Smarter multi-user MIMO (MU-MIMO) and OFDMA: These technologies allow your network to communicate with a larger number of devices simultaneously and more efficiently, cutting down congestion and improving performance for every laptop, tablet, IoT sensor, and smart display in your financial environment.
• Better interference management: Features like Preamble Puncturing ensure that performance stays high even in crowded wireless spaces, guaranteeing reliable service for all your criticaldevices and applications.
• Spatial coordination service (SCS): Wi-Fi 7 access points (APs) coordinate transmissions to reduce interference and optimize spectrum usage, delivering more deterministic quality of service, reduced jitter, and higher reliability—crucial for dense trading floors and large financial campuses.
• Transmit underutilized airspace (TUA): Enables transmissions during airtime that would otherwise go unused under older rules, lowering latency and increasing throughput for time-sensitive trading applications, voice turrets, and critical messaging platforms like Symphony andBloomberg.
• Target wake time (TWT): Schedules precise awake/asleep windows for devices, minimizing contention and background noise while ensuring predictable airtime for handheld trading devices, wireless POS, and scanners—boosting overall network efficiency around busy desks.
• Holistic policy-to-network alignment: Wi-Fi 7 enables financial organizations to directly tie top-priority application policies to the underlying scheduling and management of wireless resources, ensuring mission-critical workloads always receive optimal performance.
What should financial firms consider first when planning their transition to Wi-Fi 7?
When financial firms start thinking about Wi-Fi 7, it’s smart to approach it strategically, not just as a simple upgrade. Here are the top things to consider:
1. Check your foundations: First, take a good look at your existing wired and wireless network. Does your cabling (think Cat6A or better) and Power over Ethernet (PoE) infrastructure supportWi-Fi 7’s incredible speeds? A strong backbone is essential. You should also consider your access point density and do radio frequency planning for coverage, mobility, location services, and capacity.
2. Pinpoint your “Why”: Where will Wi-Fi 7 deliver the biggest bang for your buck? Identify specific areas or applications, like trading floors or digital branches, where its low latency, high capacity, or Multi-Link Operation will make the most significant business impact.
3. Spectrum check: Is the 6 GHz band, which is crucial for Wi-Fi 7’s peak performance, available and approved in your operating regions? This is key to unlocking its full potential.
4. Security first, always: How will Wi-Fi 7 integrate with your current security policies, authentication systems (like WPA3), and compliance requirements? Security must remain your absolute top priority.
5. Think phased rollout: Instead of a disruptive “rip and replace,” plan a gradual transition. Start with pilot projects or critical areas. This allows for thorough testing, optimization, and minimizes any impact on daily operations.
6. Choose your partners wisely: Select reputable vendors with proven enterprise-grade Wi-Fi 7 solutions that play nicely with your existing network management systems.
7. Crunch the numbers: Understand the investment required and clearly define the expected return on investment from improved efficiency, reduced downtime, and enhanced capabilities
Why Investment Managers Must Rebuild Their Operating Models, Not Just Their Technology
By Jeff Hooks, Senior Vice President at STP Investment Services.
For decades, the wealth and asset management industry has pursued a vision of operational unity: a “single platform” capable of connecting data, workflows, analytics, and controls across the front, middle, and back office. While the ambition was sound, the technology and market structure of 20 years ago simply weren’t ready.
Today, that same ambition has returned, but for entirely different reasons. After years of layering tools on top of aging infrastructure, many firms now find themselves constrained by the very complexity they hoped modernization would solve. Rising regulatory expectations, talent shortages, and intensifying cost pressure are forcing leaders to rethink not only what technology they use, but how their operations should function around it.
This moment is less about innovation for innovation’s sake and more about necessity. Investment managers need operating models built for accuracy, adaptability, and scalability, and they are realizing that platform choices and operating-model choices are now inseparable.
Fragmented Platforms Have Become an Operational Risk, Not a Technology Issue
Many firms spent the last decade modernizing: adding new reporting engines, adopting workflow tools, implementing portals, and replacing legacy accounting systems. Though the intention was simplification, the outcome for many has instead been a sprawling ecosystem of overlapping tools, disparate data sources, and inconsistent processes.
As McKinsey has observed, the financial-services industry faces a growing operational-risk burden as institutions depend on third-party providers and multiple systems that must interoperate under evolving business models. Legacy processes and disparate platforms no longer offer the resilience or coherence required for today’s pace of change.
Meanwhile, analysis by Deloitte warns that fragmented or siloed data systems continue to inhibit accurate reporting, regulatory compliance, and efficient decision-making, issues that emerge as firms navigate increasing regulatory and operational demands.
The consequences are now business-critical: teams reconcile data across misaligned systems; dual systems run in parallel for extended periods during migrations; manual oversight proliferates; and vendor governance becomes resource-intensive.
These are operational gaps, not technology failures – and they threaten accuracy, timeliness, and ultimately client trust. And they’re leading leaders to ask a new question: What if the operating model, not the technology stack, is what needs to change?
Why Firms Fear Switching Technology and Why They Can’t Avoid It Forever
Most investment managers recognize the need to consolidate technology. Yet many hesitate to make a change, not because they want to preserve the status quo, but because changing systems is a deeply intimidating operational exercise.
Data Migration Anxiety Is Real
Data migrations are often misunderstood as technical projects, when in reality they are massive operational archaeology exercises. Migrating positions, transactions, mappings, pricing history, performance, regulatory records, and client-specific configurations requires time, accuracy, and institutional knowledge.
Switching systems is a lot like moving to a new home. The moment you open the attic, you’re staring at boxes you forgot existed. Some items are essential, some are duplicates, and some should’ve been tossed years ago. Yet everything has to be unpacked, sorted, labeled, and moved with care — all while life in the rest of the house carries on. It’s no surprise, then, that industry research shows most data migrations run over budget or fall behind schedule.
Staff Worry They’ll Face More Work, Not Benefit From Better Tools
For many teams, switching technology means learning new interfaces, redesigning workflows, and maintaining BAU responsibilities at the same time. Middle- and back-office leaders routinely express concern that adopting new technology will place an unrealistic burden on their teams, especially those already stretched thin by end-of-day deadlines, exception management, and client reporting cycles. Many younger professionals are also less interested in repetitive operational roles, making it harder for managers to staff critical functions during transition periods.
Firms Fear Getting Trapped in Another Fragmented Stack
Leaders worry that after all the effort to modernize, they will simply replace one set of integration challenges with another. Without a clear operating-model redesign, a new piece of technology can still produce old problems: manual controls, redundant work, unclear ownership, or shaky vendor oversight.
These fears are rational, but remaining on outdated technology also carries silent risks: higher operating costs, slower responsiveness, and continued exposure to manual processes that don’t scale.
The Shift: Firms Are Pairing Technology Decisions with Operating-Model Decisions
The industry has reached a turning point. More firms are realizing that consolidating technology requires redesigning operations alongside it, not after the fact. As a result, a growing number of managers are bringing in third-party managed services during transitions rather than waiting until after new systems are installed.
This shift is being driven by three realities:
1. Data Extraction and Migration Require Specialized Expertise
Firms are increasingly engaging managed services partners to handle the most complex elements of switching systems: extracting, normalizing, cleansing, and mapping data from multiple sources. These partners maintain repeatable processes and playbooks, reducing the risk of conversion errors and creating a cleaner foundation for future reporting and analytics.
2. System Implementation Is No Longer a “Side Project”
Platform implementations today involve workflow redesign, control tuning, exception routing, reconciliations, and parallel testing. Many firms lack the internal capacity to run a multi-month implementation while also maintaining daily cutoffs and client deliverables.
Managed services providers can serve as an extension of the operations team, handling configuration, testing, documentation, and training, while allowing internal staff to focus on oversight and strategic decision-making.
3. Platforms and Technology Require Operational Subject Matter Experts
Once a new platform goes live, daily operations must continue without disruption. Staffing is often the greatest challenge during this phase. Many firms now look to managed services partners for:
This allows teams to avoid burnout, maintain service levels, and adopt new systems gradually and sustainably.
A Practical Framework: How Firms Should Evaluate Technology and Operating Models Together
To modernize effectively, decision-makers should evaluate technology and operations through the same lens. Below is a practical, non-vendor-specific framework that leaders can use to guide the process.
People
Process
Technology & Data
This type of evaluation enables firms to design operating models that are more scalable, more resilient, and less dependent on manual oversight.
The Future Isn’t “Single Platform,” It’s a Single, Accountable Operating Model
The wealth and asset management industry is at an inflection point. Technology consolidation is necessary, but it is no longer sufficient. The real opportunity lies in building a cohesive operating model where data, workflows, governance, and expertise move together, even as systems and regulations evolve.
Firms that succeed in the next decade will not simply install new platforms. They will align their people, processes, and managed-services partners in a way that creates real operational agility. They will reduce the fear and friction historically associated with switching systems. And they will create more resilient, more scalable operating models capable of supporting clients, advisors, and stakeholders in a fast-changing landscape.
The next generation of operating excellence will not be defined by the software a firm selects, but by the accountability, integration, and adaptability of its entire operating ecosystem.