Electronic trading has fundamentally transformed global financial markets, compressing decision-making into microseconds and placing unprecedented demands on technology. According to Bloomberg, more than 85% of U.S. equities trading volume is now executed electronically (Bloomberg, Equity Market Structure 2023). Similarly, the Bank for International Settlements estimates that algorithmic and high-frequency strategies account for nearly 70% of daily FX spot market volumes (BIS Markets Committee Report, 2022).
As trading becomes increasingly automated, the stability, resilience, and transparency of trading systems are critical. Operational failures in electronic trading cost institutions US$5–7 billion annually (McKinsey & Co., Global Capital Markets Report 2023). Even minor improvements in system reliability can significantly reduce financial and reputational risk.
Building Resilient Infrastructure
Engineering teams now focus on optimizing latency, connectivity, and operational reliability. Houston-based engineer Kanaiyalal Gangani has contributed to major global institutions, including JPMorgan Chase, Tower Research Capital, and DRW Holdings. At JPMorgan, he worked on Smart Order Routing (SOR) infrastructure, which determines where and how orders execute across multiple venues. Enhancements in routing logic, network flows, and performance monitoring helped reduce execution latency and improve resilience under high-pressure conditions.
Automating Accuracy and Transparency
Reconciliation and profit-and-loss reporting have shifted from end-of-day tasks to real-time intelligence. Gangani's work at Tower Research Capital involved developing real-time reconciliation engines to minimize errors and improve intraday risk visibility. By synchronizing trading activity with financial ledgers, these systems reduce manual intervention and strengthen audit readiness, reflecting broader industry demands for continuous transparency.
Expanding Market Access and Monitoring
With exchanges proliferating, connectivity projects are essential. Gangani contributed to integrating venues such as MEMX Options and MIAX Sapphire while maintaining uninterrupted production flow. Additionally, monitoring systems—intelligent dashboards, automated regression testing, and enhanced alerting—provide early signals to prevent misfires. The U.S. SEC highlights that erroneous trades remain a significant driver of intraday volatility, underscoring the importance of such systems.
Implications for the Future
Modern trading engineers operate at the intersection of technology, market microstructure, and regulation. Gangani emphasizes cross-regional collaboration, mentorship, and the ability to adapt systems to evolving market conditions. As markets grow more complex and data-driven, advancements in automated failover, AI-driven anomaly detection, and unified reconciliation frameworks are expected to strengthen both resilience and transparency.
The integrity of electronic markets depends on continuous engineering refinement. By improving infrastructure, monitoring, and operational processes, professionals like Gangani contribute to market stability, liquidity, and investor confidence.
