Commentary

Brett Cenkus
Traders Magazine Online News

President Trump Won't Kill America, Bitcoin Will

In this blog, the author examines how the global cryptocurrency adds one more piece of the pie to a radical shift in the structure of worldwide governance.

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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."

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