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Quantitative Finance · Glossary

What is Platform team, product team?

Also known as: product team · platform team

Definition 19.4 The Desk and the Firm · Chapter 19 — Technology Strategy

A product team builds and runs what one business uses to make money, such as a strategy’s trading system, and is measured on that business’s results. A platform team builds and runs shared capabilities that product teams use as a service, such as market data, order gateways, the research platform or deployment, and is measured on their reliability and on the product teams’ speed of delivery.

Platform and product teams for the chapter’s firm: three racing strategies share a low-latency platform; the statistical arbitrage team uses only the base platform. Schematic.
Figure 19.4. Platform and product teams for the chapter’s firm: three racing strategies share a low-latency platform; the statistical arbitrage team uses only the base platform. Schematic.
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