Mentioned in ?
References in periodicals archive ?
Only 33 per cent of the bulge-brackets have broken down the walls between product-aligned IT teams, moving away from the traditional silo approach.
CIOs, CTOs and heads of technology tell TABB that in addition to meeting increased latency reduction requirements, they are being asked to expand network capacity, make more efficient use of data center space - nearly half are now consolidating or migrating data centers - and, because the average bulge-bracket broker spends nearly $30 million annually on excess compute power, increase utilisation of their share of the 93,000 sell-side servers running their US equities businesses.
McPartland says that because a completely virtualised and highly utilised infrastructure is still years away for sell-side equities technology - 80 per cent of the bulge-bracket firms are using server virtualisation but its use for trading applications is unlikely due to the latency penalty - a large gap exists between what is currently possible and actually done.
Only 33% of the bulge-brackets have broken down the walls between product-aligned IT teams, moving away from the traditional silo approach.
McPartland says that because a completely virtualized and highly utilized infrastructure is still years away for sell-side equities technology - 80% of the bulge-bracket firms are using server virtualization but its use for trading applications is unlikely due to the latency penalty - a large gap exists between what is currently possible and actually done.
v=lyVyJD2vXdM, is based on one-to-one interviews with CIOs, CTOs and heads of technology at 24 sell-side firms with bulge-bracket firms accounting for 25% of the participants (equal to two thirds of all bulge-bracket firms).
Instinet captured a significant lead over almost 900 other brokers, ranging from the well-known bulge-brackets to smaller agency and boutique trading firms.