Keeping Technology Simple
For as long as there have been third-party vendors creating new technologies, there has always been one nagging question: Should I make my solution complex and expansive or simple and specialized?
This week we produced a case study on how Rohatyn Group, a New York-based hedge fund with $2.5 billion under management, went about taming its historical data. Warren Master, the firm's chief technology officer, chose Ingres' VectorWise database solution because of how easy it was to implement.
"They gave me a sample piece of code [in order] to run the application; I ran my simple test, which typically takes about a half-a-day to load-up and run, and it ran. I was amazed," he says. "I could not say that for the other proof-of-concepts, to be honest with you. In some cases I had to learn a completely different dialect of query language - I had to learn different ways of how data gets into the database, and all these other issues."
Master told me that he always advises his vendor partners not to include everything but the kitchen sink in their products. "A lot of these database servers become so heavy and fat with all this other stuff that they forget what they are really trying to solve - data retrieval and storage," he says.
I speak with vendors all the time and all too often when they are trying to explain their solution at its most basic level, the conversation turns into a convoluted, scatterbrained exercise in futility.
Sure, there is a place for 'all-singing-all-dancing' products, but most of the time the KISS approach is preferable to that where you're trying to create an industry panacea - Keep It Simple Stupid.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
WatersTechnology latest edition
Check out our latest edition, plus more than 10 years of our best content.
Getting aggressive: Overbond uses AI to assess dealer axes
The fixed-income analytics specialist has developed a new tool to help buy-side firms decide if they’re getting a good price from their dealers.
TS Imagine integrates LTX’s pre-trade analytics tool
Users of the fixed-income EMS will now have access to LTX’s Liquidity Cloud tool, which provides a pre-trade score for the likelihood of trading success.
European exchanges turn to dark trading in battle for flow
The EU’s two biggest exchanges are launching dark pools this year. The apparent change in their stances on dark trading reflects a profound shift in equities markets.
After contentious Opra upgrades, vendors brace for a faster future
Upgrades to the datafeed widely used to gauge the current market price for options contracts went into effect in February after three separate delays, which market participants say were caused by persistent bandwidth issues at some important recipients.
The IMD Wrap: No more turf wars, or why CDOs should heed the Voice of the CTO
Max reviews how our recent Voice of the CTO series has implications for those beyond a firm’s technology function, and how communication and collaboration between tech, data, and leadership will deliver better results.
Dark horse: Deutsche Börse building dark pool
New functionality allowing exchange members to execute sweep trades comes hot on the heels of European rival Euronext launching its own dark pool.
Waters Wrap: The tough climb for startups
Anthony speaks with two seasoned technologists to better understand why startups have such a tough time getting banks and asset managers to sign on the dotted line.
Most read
- Women in Technology & Data Awards 2024: All the winners and why they won
- Witad Awards 2024: Above and beyond award (vendor)—Susan Bennett, Tradeweb
- Fighting FAIRR: Inside the bill aiming to keep AI and algos honest