1998: The Year Of Connectivity, Committees And Convergence

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Connectivity was all the rage on Wall Street last year. A peek under the hood of most major initiatives will turn up these words: open and connectivity. In fact, the industry's push to make ends meet resulted in the creation of a whole new job category, one that tied the business and IT function together.

A primary driver: the Financial Information Exchange (FIX) protocol, which had its most progressive year to date. Widespread adoption of the protocol spilled over from larger firms to mid-sized

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Where have all the exchange platform providers gone?

The IMD Wrap: Running an exchange is a profitable business. The margins on market data sales alone can be staggering. And since every exchange needs a reliable and efficient exchange technology stack, Max asks why more vendors aren’t diving into this space.

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