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?




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December 14, 2007

Pivot Goes Beyond Instant Messaging

By Mealnie Wold

Pivot, a communications software company, is launching Pivot 360, a platform for managing instant messaging. The company says the software will make a trader's workflow and workday easier. Pivot 360 allows users to communicate internally or externally via IM, and can integrate middle office and other applications to ensure any trades or trade-related activities are compliant. Also, Pivot 360 allows users to access market data, news or research from the same window. Pivot's original product, IM Trader, software that recognizes and captures trades from instant messaging platforms on its network for fund managers and brokers, is incorporated into Pivot 360.

About 85 percent of capital markets firms are using instant messaging, said Pivot's chairman and chief executive, Lou Eccleston, who joined the company in April from Thomson Financial. Eccleston said the idea is to offer as much information as possible within the confines of one conversation window.

A trader can manage IM conversations with any number of people, send or receive research reports and news stories, and even sweep dark pools for liquidity from one window. Users can initiate phone calls, pull down reports or do transactions without leaving the conversation.