While fast is good, smart is better, and with untold resources of computing power and memory banks in the clouds, the new frontier in electronic trading combines sophisticated intelligent software with rapid-fire processing, enabling traders to stay one step ahead of the regulators. “What’s the difference between pure speed and adding intelligence to that speed?” asked Terry Keene, head of iSys, a technology integration firm, at a conference focused on high performance computing. The answer is “big data analytics” that brings decision-making and trading to a “near-time” environment, he added. Companies small and large, including IBM, are at the forefront of leveraging so-called “big data” and ever faster and more powerful computing power. The outcome for market participants, particularly buy-side firms, is an environment that makes millisecond trading decisions more dependent on analytics and information scoured from a variety of sources. “Over the past 18 months people started
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