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lyra


Total Posts: 2
Joined: Jun 2019
 
Posted: 2019-06-13 07:03
My employer is trying to be like Google and making a massive push to modularize all of our internal software into standalone platforms. Now I have the unfortunate task of spec'ing out one of these projects. I took a good look at the ecosystem of vendor solutions out there but it feels like everything is commoditized.

With symmetry to this thread on the interesting things left on the trading side, I'm curious to hear what everyone thinks is interesting work left on the financial software side? Most common pain points that you're experiencing that you wish there open source or vendor solutions for?

A few things that I'm bearish on:
- Low touch execution seems like the obvious place for consolidation, I think the ORC, RTS, SR Labs, QuantHouse M&A movement is expected and we'll see more of it.
- Blockchain for settlements is ridiculously overhyped. I don't think I've come across any blockchain developer that has worked with Traiana, which is such a massive beast that already behaves like a blockchain.
- Backtesting software. Quantopian and QuantConnect appear to have saturated their reach here but still don't have a scalable business model.
- Time series databases. Tired of seeing the (n+1)th reiteration of column-oriented serialization. I think the most interesting projects here are driven by web-based companies with distributed, cloud-based architectures (like ClickHouse).

robertadixon


Total Posts: 1
Joined: Oct 2019
 
Posted: 2019-10-28 07:52
I am also knowing some important things about financial software as a developer in offshore software development company , i also appropriate you new idea which you have given in this post.

JTDerp


Total Posts: 58
Joined: Nov 2013
 
Posted: 2019-10-29 16:23
I'm retail; can't speak *at all* for any trading outfit with at least $5k per year to spend on more 'enterprise-grade' platforms & feeds, but on the lower-end, although brokers like IBKR, ADM, etc claim software is fully compliant with FIX/FAST/MDP protocols, the data feeds of sources like IBKR are notoriously bad (incomplete, filtered, etc) in certain instruments like stock or futures options (IBKR excels at sucking there). Sierra Chart developers published their 'DTC Protocol' which attempts to address lack of standardization across platform APIs, but it's a matter of getting the bandwagon rolling.


Re: blockchain for settlements, have you looked at IBM/Linux Hyperledger at all? There have been some notable non-finance companies sign onto their Foundation as members, and there's a few open-source projects linked from the IBM site for blockchain contract/payment gateways, but the actual traction (or lack thereof) that this stuff is getting looks quite opaque.

Re: Quantopian and Quantconnect, both have more than a few limitations on data resolution and exchange access (options, int'l markets, etc). Nice start tho.

"How dreadful...to be caught up in a game and have no idea of the rules." - C.S.
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