Mostly… fixed income and cross product eTrading

March 21, 2010

Google eTrading

Filed under: 2015, etrading, FIX, Nuts and Bolts, OMS / EMS — holky @ 9:15 am

With Google hiring the former global head of FX at Bloomberg you can sense the anticipation that this could be the point that Google steps up with a Bloomberg-challenging capital markets offering.

While there is plenty for the market data lovers to expect from this, I wonder where etrading functionality sits in the roadmap, and whether those plans are all d-i-y within Google or whether there are any exploratory conversations going on with guys like marketcetera about creation and distribution possibilities regarding getting that Google OMS going? I know that if I was pushing FPL, I’d be all over Google to ensure FIX is high on Google’s radar as the api of choice for orderflow, as the wave of adoption that would create would be enormous.

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4 Comments »

  1. Interesting indeed!

    Comment by börshacker — March 21, 2010 @ 9:32 am

  2. […] comments on google hires the former global head of FX at […]

    Pingback by Random Reading: Silverlight 4 Sockets, Google FX, Marketcetera, Runtime LINQ « Tales from a Trading Desk — March 21, 2010 @ 4:46 pm

  3. I notice Bloomberg trading is mentioned in the Google advert for Fixed Income traders at their Mountain View office (thx @parkparadigm for the tweet) – but will Google just use everyone else’s platforms for this trading role; surely some desire to use their own joined-up platform that can leverage their access to data?

    http://www.google.com/intl/en/jobs/uslocations/mountain-view/finance/taxtreasury/trader-foreign-government-bonds-mountain-view/index.html

    Comment by holky — March 22, 2010 @ 8:08 pm

  4. Sounds like that google job is just a dude in the treasury office making sure that they don’t sit their money in a bank account and at least try and make a few bucks with the vast amounts of cash they generate out of Adwords.

    I recall that Google hired an ex-JPMorgan fella to work on the google spreadsheets tool – Jonathan someone-or-other.

    I could not see that google would be that interested in such a small business?

    What would be interesting would be if google could sprinkle some of their magic dust on monte carlo server farms and such like to run some of that compute heavy lifting using mainly OSS kit….

    I just cannot see institutional finance as a vertical that would be on the google radar.

    How bad would HELP HELP be on google market data – just a text recognition algorithm 😉

    Comment by John Greenan — March 24, 2010 @ 3:38 pm


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