Friday, May 6, 2011

upstreams (SG gov) for next 10 years - wall St tech

(See also blog post on 2010 GS annual report.) Singapore government is smart to always look out for upstream domains. Similarly, in financial IT, there are some upstream *domains* too.

Upstream: real time risk -- upstream in derivative risk
Upstream: grid -- Memory virtualization, grid computing
Upstream: Eq(and FX) HFT and algo trading is upstream to other asset classes
Upstream: Option-related (including mtg) analytics tend to be more advanced, and probably upstream. Any derivative with optinality tends to be dominated by vol in terms of pricing complexity.
Upstream: connectivity -- collocation, streaming,
Upstream: latency -- sub-m, multi-core, non-blocking...
Upstream: voluminous market data processing -- storage, distribution...FX and eq option has the highest volume, and often dominates entire infrastructure. Many asset classes are far behind
Upstream: SecDB -- firmwide singleton mkt risk engine. Upstream in m-risk technology. Most shops have data silos.

However, upstream technologies often become fads.
- C++? not really upstream. A strong c++ guy isn't necessarily strong in java or C#.
- web service
- solace-like messaging hardware
- CEP? How much real value does it add?
- rule engines
- MortgageBackedSecurity pricing? Not really upstream, though most complex analytically.
- ETL?
- hibernate?
- python?

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New York (Time Square), NY, United States
http://www.linkedin.com/in/tanbin