2004: A Return to Innovation

DWT 2004 ANNUAL REVIEW

While it is difficult to capture in a few pages all that a year represents, 2004 was, above all, a return to innovation. To recap only the highlights, we experienced the birth of algorithmic trading, a dramatic demand for low latency market data distribution, the New York Stock Exchange (NYSE) embracing an electronic future, the challenge of new terrorist threats upon Wall Street, Sun Microsystems firing back in the Lintel War, a merger mania among vendors, SunGard splitting in two, the spread

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