Wall Street & Technology in History

1 year ago

THE CIO FILES: WS&T’s second annual ranking of The Street’s top technology executives reveals important trends and issues in the marketplace today and in the future. Questionnaires compiled and scored by Gomez Advisors found Dawn Lepore of Charles Schwab to be the top sell side scorer, while Robert Sauvageau of American Century Investments took top honors in the buy side rankings. Balancing business issues and technology costs was an important theme for this year’s CIO Elite, which rated each CIO’s vision, efficiency and corporate achievements.
See “The CIO Files: Uncovering the Mystique Behind Wall Street’s Most Innovative Technology Leaders,” p. 26, April 1999

5 years ago

UNLOCKING ORDER FLOW: Buy and Sell side firms rally behind a new protocol for sending and receiving equity trading information as the Financial Information Exchange or FIX committee is formed. The missing link may be the vendors, who are going to be tapped to build the protocol into their trade routing systems. As a communications standard and not simply a piece of hardware or software, FIX has seen some uncertain times since the concept was introduced. But as more firms support its development and look to vendors to embrace the protocol and develop the necessary technology, FIX is slated to be the next big thing in automation on The Street.
See “Fix: A Protocol Unlocks The Street’s Order Flow,” p. 40, April 1995

10 years ago

MARKET DATA EVOLVES: The market data arena sees an evolution in products and services as clients move away from giants such as Quotron and ADP to newcomers such as ILX. Customers begin eyeing entrepreneurial vendors broadcasting data feeds directly onto networks to be displayed on intelligent workstations where users can manipulate and analyze the data. The old standards could deliver the data, but have been coming up short in terms of applications and the ability to incorporate data onto one screen. The move toward market data in the form of open architecture systems and real-time data was catching on. See “Market Data Feeds: Time Running Out for Old Technologies,” p. 14, April 1990