Tales from a Trading Desk's Blog
Confusion over Stories, Epics and Themes
May 24, 2012
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I’m still unclear why in this day and age there is confusion around Stories, Epics and Themes. Mike’s posting from 2011 should have made it quite clear to the masses what the difference was between an Stories, Epics and Themes. So to anyone who is shamefully unclear still on the difference between an Stories, Epics and Themes, please read Mike Cohn’s posting, and consider spending a large amount of time reading the other articles he has posted, coupled with his books to...
JPM: Risk Model Pain
May 22, 2012
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Wall Street & Technology’s article “JPMorgan To Be Haunted by Change in Risk Model” touches on a few items I mentioned in my European Trading Architecture Summit last year.
Microsoft Industry Reference Architecture for Banking (MIRA-B)
May 16, 2012
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Overview available here. The PDF is available is you are interested in the full read. After a view brief read, my initial comments would be that some of the diagram are interesting, but its a little to high level for me.
Java final keyword – View?
May 16, 2012
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The debate appears to be still raging on if/when the Java final keyword should be be used It reminds me of the OS debate of the 90′s. What’s your view?
The iPad Train
May 15, 2012
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Wall Street & Technologies article “Financial Firms Can’t Ignore iPad and Android Tablet Apps” provides insight into how the financial vertical is leverage the uptake of the iPad. I wonder if the financial sector will embrace Windows 8 Metro in the same way? Likewise, will all new Single Bank/Dealer Platforms be released first on the iPad before the desktop browser multi-window version is offered?
Outdated Core Systems
May 11, 2012
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Finextra has an interesting article titled “Outdated core systems a drag on growth for European banks”. Essentially this means that the European banks need to spend and improve their core system to improve gains in the Single Dealer/Bank Platform space. providing a unified customer experience across channels is an issue for about half of European banks, impacting their ability to effectively cross-sell
FX Liquidity, “Follow The Sun”, and Price Engines Thoughts
May 10, 2012
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First, lets clear up what “Follow the Sun” trading means. The spot FX market is unique to any other market in the world, as trading is available 24-hours a day. Somewhere around the world, a financial center is open for business, and banks and other institutions exchange currencies, every hour of the day and night with generally only minor gaps on the weekend. Essentially foreign exchange markets follow the sun around the world, giving traders the flexibility of determining their...
FX Risk in the Cloud
May 10, 2012
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e-Forex’s article “Utilizing cloud computing architectures for improved control over risk and FX back-office operations” offers a few views on cloud usage by the Foreign Exchange space. The main just of the article being the value of compute power to calculate FX risk in almost real-time, especially with the increase in HFT: HFT in FX is a rapidly changing market where strategies need to be adapted to changing market conditions, and hosted solutions provide a suitable...
Success With a Proprietary Platform
May 10, 2012
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Wall St & Technology offers an interesting read on Rosenblatt Securities proprietary platform that analysis and visualizes big data. Of interest: Tableau for visualization GPU powered server to process tick and quotes from US exchanges EC2 for storage Proprietary database
