With PI Systems Gone, Bierbaum Turned To Telerate For Help
MANAGEMENT AND STRATEGY
Cantor Fitzgerald L.P.'s 1992 decision to buy out system integrator PI Systems Ltd. -- and hire away its founder Marshall Caro -- left Cantor competitor Bierbaum Martin Inc. with a trading room full of unsupported data distribution software (TST, Oct. 19, 1992). Specifically, Bierbaum was stuck with an aging PI-built platform which it used to distribute prices both internally, among its own brokers, and to Dow Jones Telerate, for dissemination to would-be customers. The interdealer-broker has
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: https://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.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
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. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
FactSet and JP Morgan’s new tool, Broadridge’s proxy voting play, Fitch’s new MCP, and more
A recap of the major tech and data news from the past week in the capital markets.
Capital markets’ demand for Google’s chips buoys cloud business
Google will begin delivering its TPUs to a select group of clients in their own datacenters later this year.
Waters Wavelength Ep. 351: MarketAxess’s Lee and Alexandre
This week, Spencer Lee and Julien Alexandre from MarketAxess join the podcast to discuss AI in fixed income trading.
Quants like Andrew Ang are making the case for AI agents
AI agents can boost human managers by analyzing investments, risks and portfolio choices at scale
Stuck in the sandbox: Why bank stablecoin projects struggle to get off the ground
Five years after a wave of banks announced stablecoin ambitions, most projects remain stuck in testing. WatersTechnology spoke to more than 25 experts to find out why an increasingly mature technology has yet to translate into production-grade bank infrastructure.
Northern Trust details its AI strategy
CEO Michael O’Grady says the firm’s strategy is anchored in hyper-personalization, AI-generated alpha, and infinite scalability.
The race to ‘financialize’ GPU compute set to ratchet up
The Waters Wrap: Anthony looks at two companies aiming to bring efficiency and transparency to the GPU compute market.
Deutsche Börse invests $200M in Kraken, DTCC advances cloud strategy, and more
A recap of this week’s major tech and data news in the capital markets.
