Commentary

Marianne Brown
Traders Magazine Online News

The Surprising Factor Financial Firms Need to Invest in To Accelerate Growth

When it comes to people, a firm's success relies on more than just the top contributors to the bottom line, according to FIS. In its latest report, shared with Traders Magazine, the firm says it actually found firms that are prioritizing investments in digital expertise are growing nearly twice as fast as their peers.

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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April 1, 2014

Trading Via Handheld

By Phil Albinus

Buyside traders want their smartphones and tablets eventually to be able to execute trades.

That is not to say that death of the traditional desktop is coming any time soon, according to the researchers at Greenwich Associates. But given the demands on traders' time, being able to hit a bid or lift an offering from a conference would be nice, they added.

The research firm's latest report, "The Evolution of Market Data Desktop Technology," reveals that 69 percent of market data technology users around the world use their market data desktop solution's mobile capabilities.

Although the professionals surveyed assign relatively low importance and expectations to such mobile capabilities today, they have high hopes for sophisticated mobile functionality in the coming two years. They want functionality that they enjoy and use on the desktop solutions they use on the trading floor, including the ability to execute trades and perform advanced analytics, said the report's author.

The report's subjects were roundly dissatisfied with the ability of market data technology to integrate with other tools on the trading desk, such as order and execution management systems. This, traders said, is something they want to see corrected soon.

The study participants included buyside traders, portfolio managers and analysts.