algorithmic trading trends for the near future

Discussion in 'Automated Trading' started by asap, Apr 28, 2008.

  1. asap


    as seen by apama.
  2. Thank you for the article.

    My best regards,
  3. Thanks for that article. Some thoughts, from having worked in the field for the past couple of years:

    I've noticed that many of the tier 1 IBs (sell-side) have inhouse-developed platforms for algo trading (in C++ or Java), so I guess the vendors are competing for the smaller brokers' attention, and of course, the huge buy-side market.

    Whoever wins, Event Stream Processing (ESP) is a great concept and would really benefit the design of event-driven systems. Right now, the tier 1 IBs are stuck with older generation designs (typical OO) in which they have invested a lot of time and effort, and ESP will make it into their heads and code base only on the next iteration.

    IT/software design is important for scalability but lest the IT focus detract too much : what keeps tier 1 ahead of any 3rd party system is the quality of quants and their insight into the Efficient Trading Frontier principles & transaction cost analysis.