About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

It’s Getting Better …

Subscribe to our newsletter

… Getting better all the time. That’s my assessment of the economy as far as spending on IT by Wall Street is concerned. Sorry, having just picked up the remastered Beatles classic Sgt. Pepper’s Lonely Hearts Club Band, I couldn’t resist tapping Lennon/McCartney’s track 4 title for this blog post.

I’ll offer just a couple of data points. First, near to home for me, the record numbers that attended last month’s High Performance Computing on Wall Street event. Nearly 20 world-class sponsors supported the day, the exhibit space was sold out, and the entire event was, as Intersect 360 Research’s analyst CEO Addison Snell put it, “packed.”

Another item of news piqued my attention the other day. Mellanox Technologies – a data centre networking vendor – is raising its third quarter financial guidance to a record $32 to $32.5 million – that’s up 26% on the second quarter, and 11% on its 2008 third quarter. We’ll have to wait until October 21 for the final figures but the news is very good. Mellanox’s InfiniBand and Gigabit Ethernet technology underpins low latency trading architectures, data centre virtualisation and cloud computing. Make the connection.

And to put these signals in context, think back just a year to the death of Lehman Brothers and those botched bailouts, and one would have had to then agree with Lennon’s pessimistic contribution to that song, that “It can’t get no worse.”

A final note, staying with the Beatles theme, is to say thanks to Blade Network Technologies CEO Vikram Mehta for gifting copies of The White Album to fellow participants in the HPC on WS panel on “Building The World’s Fastest Trading Network” … and of course – while the company is not allowed to mention it – we now know the role being played by Blade in NYSE Euronext’s ambitious plans, which represent its own vote for the future.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unlocking value: Harnessing modern data platforms for data integration, advanced investment analytics, visualisation and reporting

Modern data platforms are bringing efficiencies, scalability and powerful new capabilities to institutions and their data pipelines. They are enabling the use of new automation and analytical technologies that are also helping firms to derive more value from their data and reduce costs. Use cases of specific importance to the finance sector, such as data...

BLOG

Shifting from Traditional Buy-or-Build Models to a More Agile Buy-AND-Build Approach

In this special edition of FinTech Focus TV, recorded live at the TradingTech Briefing in New York City, Toby Babb from Harrington Starr speaks with Matt Rafalski, Head of Sales for North America at Velox. Matt shares his insights into how capital markets firms are moving beyond the traditional buy-or-build dilemma and embracing a more...

EVENT

TradingTech Summit London

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Putting the LEI into Practice

Hundreds of thousands of pre-Legal Entity Identifiers (LEIs) have been issued by pre-Local Operating Units (LOUs) in the Global LEI System (GLEIS), and the standard entity identifier has been mandated for use by regulators in both the US and Europe. As more pre-LEIs are issued ahead of the establishment of the global systems’ Central Operating...