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