Commentary

Marianne Brown
Traders Magazine Online News

The Surprising Factor Financial Firms Need to Invest in To Accelerate Growth

When it comes to people, a firm's success relies on more than just the top contributors to the bottom line, according to FIS. In its latest report, shared with Traders Magazine, the firm says it actually found firms that are prioritizing investments in digital expertise are growing nearly twice as fast as their peers.

Traders Poll

In your opinion, what is the biggest hurdle facing the blockchain?

Cost of implementation

17%

Too many systems available

23%

Not applicable to my business

3%

Uncomfortable with the technology

33%

Nobody else is using it

23%

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December 1, 2002

Nasdaq's Guinness Book of Records!

By Staff Reports

Nasdaq may be breaking speed records on the SuperMontage.

About 95 percent of all orders currently trading on SuperMontage are executed in up to two tenths of a second, Hardwick Simmons, Nasdaq's chief executive, told attendees at the annual Securities Industry Association conference in Boca Raton.

That compares with an average execution speed of 17 seconds for orders on another, "unnamed exchange in New York," he wisecracked. An actively traded stock like Cisco, for example, usually has "quote updates" ten times a second on an active day on Nasdaq.

If it took as long as the NYSE's slower 17 second pace to execute the same order, Simmons said, then 170 "quote updates" would occur between the time you buy and sell and actually complete the trade.