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