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Firms Await Web Services Standards

TTW 2003 PREVIEW

Although it has been heavily hyped by mainstream hardware and software vendors such as Microsoft, IBM, Sun Microsystems and BEA Systems, and by boutiques such as UDIco (TTW, April 22, 2002), Web services may take some time to take root in the securities trading industry, mostly due to the fact that standards have yet to be solidified, industry analysts say.

"You may see a few projects but it’s hardly going to take over the industry," says Michael Haney, an analyst with Celent Communications. "You

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