Keeping Technology Simple
For as long as there have been third-party vendors creating new technologies, there has always been one nagging question: Should I make my solution complex and expansive or simple and specialized?
This week we produced a case study on how Rohatyn Group, a New York-based hedge fund with $2.5 billion under management, went about taming its historical data. Warren Master, the firm's chief technology officer, chose Ingres' VectorWise database solution because of how easy it was to implement.
"They gave me a sample piece of code [in order] to run the application; I ran my simple test, which typically takes about a half-a-day to load-up and run, and it ran. I was amazed," he says. "I could not say that for the other proof-of-concepts, to be honest with you. In some cases I had to learn a completely different dialect of query language - I had to learn different ways of how data gets into the database, and all these other issues."
Master told me that he always advises his vendor partners not to include everything but the kitchen sink in their products. "A lot of these database servers become so heavy and fat with all this other stuff that they forget what they are really trying to solve - data retrieval and storage," he says.
I speak with vendors all the time and all too often when they are trying to explain their solution at its most basic level, the conversation turns into a convoluted, scatterbrained exercise in futility.
Sure, there is a place for 'all-singing-all-dancing' products, but most of the time the KISS approach is preferable to that where you're trying to create an industry panacea - Keep It Simple Stupid.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Artificial intelligence, like a CDO, needs to learn from its mistakes
The IMD Wrap: The value of good data professionals isn’t how many things they’ve got right, says Max Bowie, but how many things they got wrong and then fixed.
Symphony looks to cloud, AI for enhanced trader voice
The communication and collaboration platform provider is utilizing modern technology to grow its network of services and users.
Observations and lessons to learn from the move to T+1
The next few years will see other jurisdictions around the world look to North America for guidance on transitioning to shorter settlement cycles.
As US options market continued its inexorable climb, ‘plumbing’ issues persisted
Capacity concerns have lingered in the options market, but progress was made in 2024.
Doubts raised over new FX platform disclosures
New disclosure sheet template will require platforms to outline how they charge for data
Expanded oversight for tech or a rollback? 2025 set to be big for regulators
From GenAI oversight to DORA and the CAT to off-channel communication, the last 12 months set the stage for larger regulatory conversations in 2025.
DORA flood pitches banks against vendors
Firms ask vendors for late addendums sometimes unrelated to resiliency, requiring renegotiation
IPC’s C-suite shuffle signals bigger changes for trader voice tech
Waters Wrap: After a series of personnel changes at the legacy provider, WatersTechnology examines what these moves might mean for the future of turrets and trader voice.