Mostly… fixed income and cross product eTrading

October 26, 2011

Ball of Confusion (That’s What the World is Today)

Filed under: etrading — John Greenan @ 12:47 pm

Some light relief from the normal postings about electronic trading and suchlike….

People movin’ out
People movin’ in
Why, because of the colour of their skin
Run, run, run, but you sho’ can’t hide
An eye for an eye
A tooth for a tooth
Vote for me, and I’ll set you free
Rap on brother, rap on
Well, the only person talkin’
‘Bout love thy brother is the preacher
And it seems,
Nobody is interested in learnin’
But the teacher
Segregation, determination, demonstration,
Integration, aggravation,
Humiliation, obligation to our nation
Ball of Confusion
That’s what the world is today…

The sale of pills are at an all time high
Young folks walk around with
Their heads in the sky
Cities aflame in the summer time
And, the beat goes on…

Air pollution, revolution, gun control,
Sound of soul
Shootin’ rockets to the moon
Kids growin’ up too soon
Politicians say more taxes will
Solve everything
And the band played on…
So round ‘n’ round ‘n’ round we go
Where the world’s headed, nobody knows
Just a Ball of Confusion
Oh yeah, that’s what the world is today

Fear in the air, tension everywhere
Unemployment rising fast,
The Beatles’ new record’s a gas
And the only safe place to live is
On an Indian reservation
And the band played on…
Eve of destruction, tax deduction
City inspectors, bill collectors
Mod clothes in demand,
Population out of hand
Suicide, too many bills,

Hippies movin’ to the hills
People all over the world, are shoutin’
“End the war”
And the band played on…

Copyright 1970 Jobete Music Company, Inc.

That’s the lyrics for the Temptations song Ball of Confusion (That’s What the World is Today).  You may have heard the song played over one of the scenes in the film “Tropic Thunder”.

Forty one years later everything still seems relevant. Apart from no-one is firing rockets at the moon.

October 14, 2011

Fidessa vs Sungard…the endgame begins?

So, it’s now public information that Citi have signed up with Fidessa to deliver a global solution:

“Fidessa will provide Citi with an order management and distributed low-latency execution platform along with BlueBox, Fidessa’s integrated algorithmic trading engine. The Fidessa solution will also deliver risk management functionality, comprehensive market data and a global order routing service. ”

http://www.automatedtrader.net/headlines/91529/fidessa-to-deliver-global-derivatives-platform-for-citi

So, a big bank takes a chance on Fidessa to deliver a comprehensive futures platform.  Citi acquired a lot of people to build up this business and they are looking to deliver something impressive.

So – what  has that got to do with Sungard vs Fidessa?

Well, remember that Fidessa started by using GL Trade gateways to markets until they built up EMMA.  Fidessa built up an equities business and they never really hit the sweet spot in the futures space.

Now they have a top tier client that has publicised this decision.  So, what happens next?  The existing GLTrade client base now sit down and think “hmmm, if Citi can do it, so can I, get Steve Barrow on the phone”.

I really want to quote Sir Winston Churchill here, but I will resist the temptation.

Now, what do Sungard do?  I refer the honourable reader to my post of some moments ago – link here

https://mostly.wordpress.com/2011/08/15/sungard-gltradebrassfront-arena-what-now/

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