Commentary

Momtchil Pojarliev
Traders Magazine Online News

Some Like It Hedged

BNP Asset Management's Pojarliev discusses a variety of options to address foreign currency exposures. Although there is no single best-practice solution for addressing foreign currency exposures, institutional investors have three main choices, he says.

Traders Poll

Amid changes in builder, do you think the CAT project will be completed by 2020?




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April 5, 2008

Big Board Boots BBSS

By Peter Chapman

The New York Stock Exchange is replacing key components of its infrastructure used by floor brokers. First to go is the order management system known as the Broker Booth Support System (BBSS). Then the exchange will begin a search for a new vendor of handheld computers. In February, the NYSE set up its first user on its new order management system. By the end of the year, it expects all 400 brokers to be on the new platform, according to Lou Pastina, the exchange's executive vice president of operations.

The new system uses blade and Oracle technology. No vendor has yet been chosen to supply replacements for the Fujitsu handhelds in use by floor brokers for the past 18 months. The Fujitsu handhelds are at least the fifth brand of handheld used on the floor. Replacements occur every 18 to 24 months because of the need to increase capacity to deal with ever-growing message traffic, Pastina explained.

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