Architects of Electronic Trading: Technology Leaders Who Are Shaping Today's Financial Markets
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  • Wiley

More About This Title Architects of Electronic Trading: Technology Leaders Who Are Shaping Today's Financial Markets

English

Insights that can help you improve your technology edge

Featuring contributions from technology visionaries at leading alternative investors, hedge funds, trading firms, exchanges, and vendors, this book covers current trends in trading technology. The book features interviews with the leaders responsible for the technology that is shaping today's electronic financial markets. You'll hear the views of CIOs, CTOs, and other technology leaders on emerging technologies, innovation in the financial sector, and how technology is enhancing markets in ways other than just speed. Their perspectives on harnessing technology to enhance computing power, reduce time to market, bolster risk management, and much more offer valuable lessons for readers.

  • Includes a wealth of practical insights on how to improve your technology edge
  • Features interviews with leading technology professionals in the financial industry across an array of asset classes and markets
  • Serves as a topical guide to the latest developments, enhancements and applications of technology to tackle trading and risk management challenges
  • Includes insights from top technology professionals on evaluating and adopting technology solutions
  • Looks at the effects of technology on finance professionals and their businesses as well as the global finance industry generally

English

Stephanie Hammer is a professional marketer and freelance writer. She has fifteen years of experience in the listed derivatives markets including time as a trader at a proprietary trading firm. She began her career at Eurex Exchange and also served as head of communications for the exchange in Frankfurt, Germany. Stephanie holds a bachelor's degree from Bryn Mawr College and a master's degree in international relations from the London School of Economics and Political Science. She is fluent in both Spanish and German. Stephanie lives in Chicago with her husband and two daughters.

English

Foreword vii

Acknowledgments xi

About the Author xiii

CHAPTER 1 Meet the Architects 1

Agents of Change

CHAPTER 2 Business Challenges 7

Driving New Technology

CHAPTER 3 Laying a Strong Foundation with 13

Transformational Technology

Suhit Gupta, Technology Consultant 14

CHAPTER 4 Hardware Acceleration with FPGAs 23

Jan-Dirk Lueders, CMT, Capital Markets Trading, and Robert Walker, xCelor 24

CHAPTER 5 GPUs 33

Affordable Desktop Supercomputing

Gerald Hanweck, Jr., PhD: Hanweck Associates 34

CHAPTER 6 Microwaves in Trading 45

Conquering Resistance

Mike Persico, CEO and Founder, Anova Technologies 46

CHAPTER 7 Cloud Computing 59

Moving toward Acceptance

Ken Barnes, Options IT 60

CHAPTER 8 Globalization and Automation 69

Unfinished Business

Justin Llewellyn-Jones, Fidessa Corporation 70

CHAPTER 9 Room for Improvement in Risk Control 81

Mark Gorton, Tower Research Capital 81

CHAPTER 10 Trading Systems 89

Dealing with Velocity

Kevin Kometer, David Hoag, and Ian Wall, CME Group 91

CHAPTER 11 Technology and Alternatives 99

Benefits of Better Data

William Murphy, The Blackstone Group 100

CHAPTER 12 Data Centers 107

Harnessing Networks

John Knuff, Equinix 108

CHAPTER 13 Evolution 121

The New Revolution in Trading Systems Design

Jürg Spillmann and Wolfgang Eholzer, Eurex Exchange 122

CHAPTER 14 FIX 131

The Power of Standardization

W. Brennan Carley, Thomson Reuters 132

CHAPTER 15 Big Data, Big Opportunities 143

David Siegel, Alan Choyna, and Clara Bonaccorsi, Bottom Line Metrics 144

CHAPTER 16 Social Media in Trading 153

Making Sense of It

Joe Gits, Social Market Analytics 156

CHAPTER 17 The View from Emerging Markets, China 167

Ming Hua, Southwest Securities Company 168

CHAPTER 18 Special Focus 177

The Shortage of IT Talent

Daryan Dehghanpisheh, NYSE Technologies 178

CONCLUSION A Call for Continued Education 187

Index 189

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