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CTO Interview: Our guest today is Jeffrey Kutler, Editor-in-Chief of Risk Professional, the publication of the Global Association of Risk Professionals (GARP). Jeff is the author of Institutional Investors “2014 Trading Technology 40.”
He discusses:
- The criteria went into compiling the “Trading Tech 40”?
- Is the race to zero over or is this just a brief hiatus?
- Did the growing impact of HFT on the marketplace factor into the Trading Tech 40?
- How did the many high-profile financial technology failures of 2013 factor into the 2014 list?
- How did the creation of a host of new SEF firms impact the list?
Notable names on the list:
#1: ICE
#2: CME
#8: BATS
The Inbox: In which the listeners dictate the conversation.
- Question from Adam Boies, Ontario -?Question for TTT – I would like to ask the TTT panel their opinion on the proliferation of private exchanges and marketplaces. These essentially create liquidity and access to capital for privately-held firms without the need for an IPO. What sort of tech hurdles are posed by a private marketplace vs. a traditional exchange? Will this new trend render the traditional IPO irrelevant? I enjoy your fine program and look forward to each new episode.
- Question from Alessandro Nici – From Google Glasses to Fitbit, the technology world is obsessed with wearables. Most of the focus in on the consumer tech space, but I am more interested in the potential in the financial space. Do you expect wearables to become a factor in the financial space in the near future? For example – trading via Google Glasses or perhaps managing your firms IT infrastructure at a glance from your Smartwatch? Is this perhaps an area where the retail sector might lead the institutional sector in adoption and implementation of a new technology? I for one look forward to the day when I can buy a few contracts with a simple nod of my head or the blink of an eye.
- Comment from Mr. Charles – Looks like TTT hit the nail on the head. From the Mt. Gox fiasco to other recent disasters, looks like Bitcoin is on the way out. ?