Sell-Side Technology/Feature

Divining the Future for Exchanges

With the number of multilateral trading facilities (MTFs) on the rise, can primary exchanges survive by following a "business as usual" strategy? DWT asks Ian-Patrick Lauder, Head of Trading Services at PLUS stock exchange, what exchanges must do to...

Navigating the European Markets in 2010

As 2010 sets to unwind, market participants continue to face the challenges of finding liquidity and achieving best execution in a fragmented marketplace. DWT sits down with Michael Krogmann, Executive Director, Head of Sales, Xetra Market Development...

Weaving It All Together

If there is one misunderstood technology in the market today, it has to be complex event processing (CEP). Due to the bespoke nature of the environments in which CEP engines are deployed, it's hard to get objective performance benchmark numbers without...

A Very Green Holiday Season

Wall Street has gone green. No, I'm not referring to the flashes of green from employees blowing their year-end bonuses, but rather the industry's growing appetite for emissions trading.

Time to Boot the Grid?

Comments emanating from last week's CityGrid conference in London make me wonder how many quarters it will be before we see industry members simply get rid of the day-to-day management of their grids and start to outsource it.

Toffler, We Are Here

A reader took me to task for The Daly Open column I wrote last month on Web 2.0 ( DWT , Nov. 12), arguing that mashups and social networking platforms should not be avoided-as I suggested in my editorial-but rather, should be adopted because of their...

The Coming Datacenter Dearth

There's a saying among students of military history: Good generals think in terms of strategies, but great generals think in terms of logistics. This axiom can be easily applied to any IT department, especially when it comes to planning datacenters.

How the Hell Did We Get Here?

Exactly 12 months ago, I had a bit of a rude awakening as I moved from a features-driven monthly to a news-driven weekly when I took over the editorship of DWT . Since then, the market has suffered its own rude awakening as well.

The Monster Mashup

After reading the latest industry journals and blogs, I am beginning to wonder if I am the only one who is really uncomfortable with the extent to which Web 2.0 technology has infiltrated the enterprise.

Gentlemen, Start Your Engines

Now that the E.U.'s Markets in Financial Instruments Directive (Mifid) launch date is upon us, the race into the 21st century financial markets appears as if it will begin with a cautious start rather than a frantic land rush. Most firms seem to be taking...

STP Through the Front Door?

This spring, at an industry event, I learned of a new C-level title-the chief optimization officer. I didn't get to meet the person, but one of his colleagues told me that his role is to make sure that every trading system within the investment bank delivers...

Turning Back the Clock

Now that we are in the midst of autumn, it is just a matter of a few short weeks before we in the U.S. turn back the clocks by an hour as we leave Daylight Saving Time and get that extra hour of sleep.

Nasdaq's New Toy

Ever since the Nasdaq Stock Market announced the purchases it made at the Boston Stock Exchange's (BSE's) estate sale the last week, one thing that puzzles many in the industry is what Nasdaq will do with its new clearing license.

Gaining Momentum

It's remarkable how quickly Swift has responded to the gauntlet thrown down by JPMorgan's Heidi Miller during her keynote speech in Atlanta in 2004. The industry cooperative's entire strategy for 2010 appears to be a response to questions posed during...

Life, the Universe and STAC

Selecting which new technology to adopt is often more of an art than a science for most investment banks. The lack of objective benchmarks has left departments making choices based more on personal relationships with salespeople than on the technology....

Making Hay While the Sun Shines

Speaking with financial technologists lately, most aren't too concerned about the sub-prime mortgage meltdown. "As long as you're making the bank money, it will take care of you," has been a common refrain.

So Passes the Old Order

A part of history ended last week as the Boston Stock Exchange, the third oldest exchange in the U.S. behind the Philadelphia Stock Exchange (PHLX) and the New York Stock Exchange (NYSE), closed its doors for equities trading after being in business for...