Software Equipment
From the late 1980s, worksheets have been rapidly proliferating on traders' desktops while the head of the trading room still had to rely on consolidated positions that lacked both real time and accuracy. The diversity of valuation algorithms, the fragility of worksheets incurring the risk of loss of critical data, the mediocre response times delivered by PCs when running heavy calculations, the lack of visibility of the traders' goings-on, have all raised the need for shared information technology, or enterprise applications as the industry later called it.
But institutions have other requirements that depend on their business, whether it is trading or investment.
Read more about this topic: Trading Room
Famous quotes containing the word equipment:
“Dr. Scofield’s equipment, which you have just seen, radiated waves direct to Professor Houghland’s laboratory. When these waves came in contact with those the professor’s equipment was radiating, they created the interstellar frequency, which is the death ray.”
—Joseph O’Donnell, and Clifford Sanforth. Arthur Perry (Bela Lugosi)