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Tag Archives: ISV

Drew Shields, Trading Technologies – Next-Generation Product Development Feature,MarketsWiki Education,MWEd,Mwiki,video

“There will always be someone as smart or smarter than you and you have no control over that. The only thing you have control over is whether you have more drive, more passion than others.” As chief technology officer at Trading Technologies, Drew Shields has been instrumental in the implementation of the software vendor’s new top-to-bottom makeover. The new architecture required lots of technical talent, to be sure, but it also required two additional attributes – hunger, and the ability to challenge the status quo. In college Shields majored in theology, and he started in the business world with few…

Best of Both Worlds: Fidessa’s Steve Grob on Keeping Tech Costs Low Interview,Regulation,Tech / HFT,Video

With rapid changes in the financial industry, firms are challenged to keep their technology robust and resilient while at the same time being secure and compliant, says Steve Grob, director of group strategy for Fidessa, a London-based ISV that serves both the buy side and sell side. He spoke with John Lothian News at the FIA Boca conference about this technology balance as well as what companies like Fidessa are doing to address IT costs. “One of the things we’ve found with our customers is that owning the whole technology stack, building it themselves, is hugely duplicative for really very…

Riders on the Storm: Orc Group’s Troels Philip Jensen Looks at Consolidation in the Vendor Space Financials,Interview,Options,Video

The financial sector has been feeling the squeeze over the past few years. Lower trading volume, sustained low volatility and added expense from new regulations have combined to create a precarious situation for independent service vendors serving the listed derivatives space, and has led to a wave of consolidation among its players. One such vendor is Orc Group, a Stockholm-based provider of trading, execution, risk, compliance and other software solutions for the derivatives market. The company, which was purchased in 2012 by Nordic Capital and subsequently taken private, has used the private equity structure to its advantage while it weathers…

It’s Easier This Way: Justin Llewellyn-Jones of Fidessa Maps A Compliance Path for Firms Interview,Regulation,Tech / HFT,Video

Today, firms are dealing with three major issues: regulation, compliance and global economics. None of the three are friendly to brokers and trading firms, and that’s where Justin Llewellyn-Jones, chief operating officer of Fidessa, believes there is opportunity. Llewellyn-Jones spoke with JLN editor-in-chief Jim Kharouf last month at the IDX conference in London, about how Fidessa is developing new technology that will assist firms in making the trading, risk and account management, and compliance task easier. “We have that order management system and that global footprint around the global order management system as well,” he said. “But we are also…

JLN Options: Sprecher Has Tough Task Killing PFOF Newsletter,Options

Lead Stories Sprecher Has Tough Task Killing PFOFDan Collins – Dan Collins ReportIn doing research for an upcoming post—on one of the previous periods trend following was declared dead—I came across a story in an old issue of Futures that relates to Intercontinental Exchange Chairman and CEO Jeff Sprecher’s recent declaration to end payment-for-order-flow (PFOF) on the exchanges he is acquiring.http://jlne.ws/1aans4l Options Traders See Junk Bonds Falling Further  Kaitlyn Kiernan – The Wall Street JournalHigh-yield bonds have taken a big hit in recent sessions, in a selloff that some options traders think will continue.http://jlne.ws/11YymkC S&P 50-day MA Key LevelDan Collins –…

Jeremie Bacon on Taking the Reins at ORC Americas and Modular Technology Interview,Tech / HFT,Video

After a decade of running his own technology firm, Jeremie Bacon decided it was time for a new challenge. In May, he took the reins as president of Orc Americas, the Chicago-based subsidiary of Orc Group. Bacon sat down with JLN editor-in-chief Jim Kharouf to talk about why decided to leave the firm he co-founded, Backstop Solutions, a software-as-a-service company in the alternative investment space. Bacon said he was impressed with ORC’s established footprint in the industry and reputation it has built since its launch in 1987. He also likes the relatively new ownership structure of the firm. ORC, which…

Justin Llewellyn-Jones of Fidessa Talks ISVs, Regulation & Technology Interview,Tech / HFT,Video

Justin Llewellyn-Jones, chief operating officer of Fidessa, thinks globally and well, acts globally too. Llewellyn-Jones spoke with JLN editor-in-chief Jim Kharouf about how Fidessa is adapting to the new global marketplace and the demand for multi-asset class platforms and networks. The firm opened new data centers in Chicago, where the firm opened a new office in recent months, another in Brazil to support its Latin American initiatives and India. Fidessa continues to see strong growth in the derivatives space. Fidessa, founded as an equities platform, expanded into the derivatives space eight years ago. With a team imported from the derivatives…