Pink Sheet Company Is Seeing More Black An Old-Fashioned Marketplace Is Going High-Tech

From Traders Magazine, March 1999 issue Lured by the benefits of using digital technology instead of paper for publishing its stock quotes and obviously eyeing more subscribers the National Quotation Bureau’s (NQB) Pink Sheets are being automated. Beginning next month, the 3,000 companies traded on the Pink Sheets a subset of the non-Nasdaq over-the-counter market … Continue reading Pink Sheet Company Is Seeing More Black An Old-Fashioned Marketplace Is Going High-Tech

Nasdaq Prepares for Web Market Making: Pilot Program Is Prologue to Trading-Cost Reductions

From Trader’s Magazine, October 1998 issue Nasdaq will learn next year just how well an Internet-based market-making trading system performs. Several Nasdaq trading desks are among the guinea pigs for a pilot program aimed at testing the reliability and security of the Internet-based successor to Nasdaq’s Level II workstation. And the results of the pilot … Continue reading Nasdaq Prepares for Web Market Making: Pilot Program Is Prologue to Trading-Cost Reductions

Bright Side of Upheaval In Order Management: BRASS, the Industry Standard, Faces Competition

From Sept 1998 issue of Traders Magazine Ten years ago, Automated Securities Clearance was a small but pushy software company that competed for order-management business with TCAM Systems. How times have changed. Weehawken, N.J.-based Automated is no longer an upstart, peddling its core BRASS system and order-routing services. BRASS now overshadows the rival product of … Continue reading Bright Side of Upheaval In Order Management: BRASS, the Industry Standard, Faces Competition

Microsoft’s Competition With UNIX Is Heating Up:First Union Is Switching to Software Giant’s Windows NT

From Traders Magazine, August 1998 issue Wrestling with a long tradition of Wall Street competition, Microsoft is dipping into a $1 billion development budget hoping to snatch more lucrative broker-dealer business. The Redmond, Wash.-based software giant’s goal: getting technology departments to reverse their preference for UNIX-based software solutions over Microsoft products. Wall Street, to be … Continue reading Microsoft’s Competition With UNIX Is Heating Up:First Union Is Switching to Software Giant’s Windows NT

The Mixed Blessing of Technology Spending:Desks Must Spend on Technology to Remain Competitive

Huge mainframes. Fiber-optic networks. State-of-the-art telecommunication systems. Worldwide market news delivered real-time. Sound familiar? It should. These and more are at the very heart of a Nasdaq trading room. Back in the pioneer days, much of what is today’s Nasdaq trading-room technology did not exist. By contrast, some of today’s technology has a pedestrian aura. … Continue reading The Mixed Blessing of Technology Spending:Desks Must Spend on Technology to Remain Competitive