Businesses
A trading room serves two types of business:
- trading, and arbitrage, a business of investment banks and brokers, often referred to as the sell side.
- portfolio management, a business of asset management companies and institutional investors, often referred to as the buy side.
Brokers and investment banks set up their trading rooms first and large asset-management firms subsequently followed them.
The business type determines peculiarities in the organisation and the software environment inside the trading room.
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Famous quotes containing the word businesses:
“One of the first businesses of a sensible man is to know when he is beaten, and to leave off fighting at once.”
—Samuel Butler (1835–1902)