Friday, May 6, 2011

which "Technology" are relevant to 2010 GS annual report (upstream)

XR,
(Another blog post. See also the post on Upstream)

Re the GS annual report page about Technology... When yet another market goes electronic, commissions drop, bid/ask spreads drop, profit margins drop, trade volumes increase, competitions intensify. So which IT systems will rise?

market data - tends to explode when a market goes electronic.
* tick data
trade execution including
* order state management
* order matching, order book
real time risk assessment
real time deal pricing
offer/bid price adjustment upon market events
database performance tuning
distributed cache
MOM ie Message-oriented-middleware
multi-processor machines
grid computing

How about back office systems? If volumes escalate, I feel back office systems will need higher capacity but no stringent real time requirements.

On the other hand, what IT systems will shrink, fade away, phase out? Not sure, but overall business user population may drop as system goes low-touch. If that happens, then IT budget for some departments will shrink, even though overall IT budget may rise.

In a nutshell, some systems will rise in prominence, while others fall.

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