Commentary

Brian Decker
Traders Magazine Online News

Three Reasons the "Downs" Have Greater Impact In An "Up and Down" Stock Market

Brian Decker, a financial planner and founder of Decker Retirement Planning Inc., argues that it is much more important for investors to consider the downside in turbulent markets than the upside.

Traders Poll

Is the adoption of electronic trading in fixed income on par of that in the FX sector?




Free Site Registration

May 9, 2008

AlgoServer Expands Buyside's Horizon

By James Ramage

Buyside traders seeking more power and control over their algorithm generation and trading strategies have a new helper. Spooz Inc. introduced a new tool, AlgoServer, to accompany its middleware platform for developing and launching algo trading systems, called SpoozToolz. AlgoServer, an application that resides on a server, lets buyside traders create algos on the fly, according to Darryl Dennis, Spooz's chief marketing officer.

But AlgoServer doesn't have to be used by traders. "You can have an OMS database running into it," Dennis said. "You can have a matching engine working with it. You can use a FIX server with it. You can use it to control order flow. You can attach a scripter to it."

Likewise, a broker could load AlgoServer into its server to push algorithms relevant to current market conditions out to buyside clients using SpoozToolz. Brokers could also give the buyside trader a choice of trading with certain algos automatically.

AlgoServer could be co-located at an exchange or ECN's data center. So, a trader can be sitting at home using a low-latency, high-speed algorithm to scalp the market, Dennis said. Meanwhile, the trade execution "is being done server-side." The trader can also adjust that algo from a remote location.

(c) 2008 Traders Magazine and SourceMedia, Inc. All Rights Reserved.

http://www.tradersmagazine.com http://www.sourcemedia.com