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Erik Hoel
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Will The Bitcoin Bubble Pop Or Will It Envelop Us All?

Guest contributor Erik Hoel asks the question whether the worst is over for bitcoin holders, or still yet to come, what is yet to come? And why.

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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March 9, 2009

youDevise Pushes Ideas Straight to Black Boxes

By James Ramage

Good trading ideas and information can never reach high-frequency traders fast enough. One technology vendor, youDevise, which started in London and has a New York office, added a feature to its investment research tool to "push" brokers' ideas directly to high-speed and black-box traders almost instantaneously.

youDevise designed the feature for its Trade Ideas Monitor-a service that enables analysts and sales traders to send their stock recommendations and trading ideas to targeted buyside clients through a Web-based, front-end system. The new "push" XML technology feeds those ideas into the algo and black-box trading systems that have signed up for them, said Timothy Murphy, U.S. general manager for the TIM, with youDevise.

"The modus operandi of some high-frequency traders is looking to see what's moving the market; they're looking for news headlines, anything new, like sentiment change," Murphy said. "With the TIM's XML feed, sales traders transmit ideas and recommendations into a client's database, letting a high-frequency trader execute on them immediately."

The XML feed, according to youDevise, is much faster and more reliable than email or phone calls-the traditional methods used to deliver ideas.

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