Why is foreign necessarily considered to be superior?
Whereas I am a strong proponent of businesses purchasing whatever they consider best for their needs, it confuses me when local financial institutions purchase software that is much more expensive simply because it has the “foreign” tag – especially when several local tried-and-tested solutions are available.
This website of JS Global irritates the hell out of me and, as a blogger, I don’t have to wait for a mainstream newspaper or television station to pick up this story and talk about it. JS Global proudly advertise:
Aren’t they aware that in this city, on Tariq Road in Karachi, there is a company with 100 bright talented individuals who have written every line of code for a FIX engine, FIX platform, Order Routing and Management System, etc.
And are they not aware that this solution is running not only on the floor of the New York Stock Exchange, the Philadelphia and Chicago Stock Exchanges and many other stock exchanges in the US, but also in 200 brokerage houses in the US of A.
If this locally made solution is good enough for the big boys in the US, why do businesses in Pakistan have to bother to look outside to purchase software that is not only more expensive but would require support from a distance should a problem arise?
Sure, it is their prerogative to buy what they choose to but I really fail to understand the logic behind these kind of business decisions, and I had to vent to get it out of my system.
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