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Testing times

It can be expensive and time-consuming to evaluate new trading and market data technologies: there are more middleware and ticker plant providers than ever before, at least eight market data systems, several credible high performance messaging systems and a range of options on the execution side. As Peter Lankford, president of Technology Business Development Corporation (tbdCorp), says: “The good news is that there are a lot of new ways to accelerate things. The bad news is that there are a lot of new ways to accelerate things.” The Securities Technology Analysis Center (STAC) founded by tbdCorp late last year is seeking to reduce the barriers to technology evaluation with a toolset and methodology for measurement. The results of some of it activities can be seen in the charts on these pages. STAC is also working with customers and vendors to develop benchmark standards – application level benchmark specifications for market data, complex event processing and other domains. Watch this space.



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