Commentary

Ronald Jordan
Traders Magazine Online News

Understanding Your Data is No Longer Optional

In this contributed article from Global Markets Advisory Group, the advisory discusses the importance of data and how organizations should augment existing skill sets and capabilities to add a data-focused perspective to their operating fabric.

Traders Poll

Do you expect SEC Chairman Jay Clayton to push for regulation in the cryptocurrency issuance and trading markets?

Yes

74%

No

5%

The CFTC will push for regulation

21%

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May 26, 2005

AOL Relief for Sales Traders

By Peter Chapman

American Online has agreed to integrate its instant messaging service with broker dealers' order management systems. The largest instant messaging network used by the equity trading community is allowing a technology vendor to build a bridge between AOL's AIM service and various sellside order management systems. "Trading desks are overwhelmed by all these messages," says Furqan Nazeeri, chief executive of IMTrader, the vendor certified by AOL to build the bridge. The arrangement will allow sellside desks to automatically convert trading instructions received from customers over AIM into orders on their blotters. The deal is considered a boon to harried sales traders.

IMTrader has signed up small and mid-sized broker dealers, including LaBranche Financial Services and Williams Trading. The service integrates AIM with order management systems built by SunGard Trading Systems, Lava Trading and Tradeware.