Commentary

Robert Schuessler
Traders Magazine Online News

A Smarter Monkey

In this contributed piece, TIM noted that some traders do better than others when using data that has been run through certain analysis - that is, have used some form of machine learning to assist them.

Traders Poll

In his first public speech, SEC Chair Jay Clayton deviated from his prepared remarks and offered his own "off the cuff" comments on market issues. Do you like this change of pace?




Free Site Registration

April 30, 1998

Technology Squeeze

By John A. Byrne

Some of the major technology projects on trading desks are receiving the resources necessary for their completion. According to a study by Boston-based research firm The Tower Group, for the Securities Industry Association, securities firms are wasting no time or money preparing for the Order Audit Trail System, Year-2000 compliance, decimilization, T+1 and capacity expansion. The study, however, stresses that implementing the Year-2000 and other projects - which have Dec. 31, 1999 deadlines - must not compromise separate projects.

"Information technology is critical to the strategic direction and the day-to-day operation of securities firms," said Marc Lackritz, president of the SIA, in a prepared statement. "Industry participants must work together to clearly define project scopes and develop realistic implementation schedules."

ART-