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
From Traders Magazine, June 1998 issue As STRIKE, the name on the hottest new electronic communications network (ECN) simply suggests, Bear, Stearns & Co. is planning for war – a price war. STRIKE, the ECN sponsored by Bear Stearns, is going live this summer backed by some of the New York-based firm’s Wall Street peers. … Continue reading A Price War Planned By New STRIKE ECN: Bear Stearns’ ECN is Taking Aim at Rival Systems
From Traders Magazine, April 1998 issue Traders hate rude interruptions. A breakdown in market-data systems leads to pandemonium. A faulty telephone connection is taboo. So it is with a certain resignation that Nasdaq market makers are bracing for another interruption, and with nary a word of protest the implementation of the Order Audit Trail System, … Continue reading A New System Promises To Police Trading Abuse:But Sending Real-Time Trade Data to Regulators Will Be Costly
From Traders Magazine, February 1998 issue Traders are busy people, swamped in market data. So how do they find time to use this data effectively? Try market-data systems that are open, interactive and easily welded to other systems and information sources. Speed and flexibility are the big kahuna. In what may be a backlash against … Continue reading Market Vendors Making Information More Usable: Open and Flexible Systems Are the Ticket for Busy Traders
From Traders Magazine, October 1997 issue When the Pacific Stock Exchange (PCX) received Securities and Exchange Commission approval last month to operate the OptiMark trading system, the pioneer of the new electronic facility, William Lupien, breathed a sigh of relief. This was one of the many hurdles Lupien had to overcome before his latest brainchild, … Continue reading : Will OptiMark Support the Super-Anonymous Hype?