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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: LPS5 who wrote (8667)	1/22/2001 11:05:59 PM
From: Jon Tara	Respond to of 12617

LPS5, the irony here is that, IMO, the ECNs are better able to handle data surges than NASDAQ. Once you get away from the primary data sources (NQDS and the direct ECN feeds) it becomes a holy mess in some cases, but in other cases, they actually are better able to handle data surges than NASDAQ itself - but - garbage in, garbage out! They do have some wiggle-room, as they could probably have MCI reconfigure their network, and increase the bandwidth of the sub-channels from 90Kbit/sec to something higher, and just require reconfiguration of routers. They are only using 512K of the T-1 at this point. (Though I think some of the remaining bandwidth is reserved for bond data for those customers that also need bond data.) (fiddling with the goofy letters-of-the-alphabet stuff would require reprogramming by customers, and wouldn't be a good option. I guess this permits some customers to use separate computers to handle the 3 ranges of first letters.)

To: LPS5 who wrote (8667)	1/23/2001 9:23:31 AM
From: TFF	Respond to of 12617

Merrill's Key Says Currencies to Be Exchange-Traded: Comment London, Jan. 23 (Bloomberg) -- John Key, European head of e- commerce at Merrill Lynch & Co., comments on currency markets. He spoke at an online foreign exchange conference. ``An exchange-type model is inevitable,'' he said. ``The markets are changing, and the pace is very quick -- and irreversible.'' ``It's evolution'' for currencies to be traded on electronic exchanges, he said. ``Platforms like Atriax, FXall, and Currenex will form the basis of an exchange-type model.'' Currently most banks trade with clients on the phone, using electronic systems to buy and sell currencies from other banks. That's likely to change, Key said. ``Spending on e-commerce is skyrocketing.'' Merrill will spend $4 billion on information technology this year, he said. Some 75 percent of foreign exchange will be traded online by 2002, from 12 percent currently, Key said, citing a report by Tower Group. ``If you don't go down that route, as a bank you'll lose your business, and as a client you'll pay too much.'' The top 10 banks earned currency revenues of $10 billion last year, and they're keen to hold on to that, he said. ``Electronic trading is a defensive measure,'' he said. ``Technology could cut them out. If the banks don't do it, competitors will.''