Mostly… fixed income and cross product eTrading

December 12, 2007

2008 (part 1) – Bachman, Turner, Overdrive

Filed under: 2015, etrading — holky @ 4:25 pm

WSJ article on TowerGroup’s predictions for 2008….

– Global remaking of the capital markets, led by the battle for global exchanges

– All things electronic trading. If you’re not trading electronically, you’re dead.  (as a result, 2008 will be the year that the impact of latency really rears its head)

 – Derivatives.

– Global Risk Modelling.

– Portals. (bloody hell – where did we park that tardis?)

…and to get more European ingredients in there, stick MiFID into the pot with the first challenge/test of a major firms best-execution policy.

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2 Comments »

  1. “If you’re not trading electronically, you’re dead”

    ………if only that were true of FI and related derivatives, he’s obviously talking equities.

    Comment by waratah — January 17, 2008 @ 2:25 pm

  2. Well said Waratah, but as I hear it from both sell side and buy side, STP is the goal of most large to medium size FI houses. The bigger buy side guys have engaged Bloomberg for making this happen. VCON is what they are calling it so it can handle electronic STP but its really for any lingering dinasaur traders who insist upon Voice trading…hence the STP system called VCON-Voice Confirmations. All FIX all the time…and there are some who think this will take hold considering SwapsWire is also being widely embraced.

    Ok now the other side. Given that the big houses have been hit so very hard in FI,I would agree, not much budget will be heading toward FI etrading.

    Comment by Lacidar — January 21, 2008 @ 2:23 pm


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