How Fast is Fast Enough?

Now that financial technologists are discussing measuring latencies in the hundreds of nanoseconds, it is time to discuss how fast firms need to be in this market and whether there are any alternatives. In the latest episode of the Daly Post Podcast, I ask these and many more questions to Hyannis Port Research CEO and low-latency veteran Tony Amicangioli.

Adapting to the Enterprise App Economy

How many of us have had enterprise software vendors that they plan to launch an Apple App Store-like offering in the "very near future" and that it will revolutionize how firms buy software?

Well, I am not biting. 

There are many things that Apple can teach the enterprise-size firms. However software purchasing is not one of them. 

Ever since Apple released its iTunes App Store for iPhones and high-end iPods, it raised the bar for all other software vendors in terms of intuitive user experience (UX) and pricing. The only problem is that it is focused strictly on the retail market.

Bloomberg Pushes NEXT Migration

After an approximate $100 million investment and two years of development, Bloomberg successfully migrated a third of its 313,000 Bloomberg Professional Services clients on to its Bloomberg NEXT version of the vendor’s platform, according the senior Bloomberg officials.

The migration began three to four months ago and officials expect to have approximately 90 percent of the Bloomberg clients on the new version by summer before ending support for the legacy version by the end of the year.

Starting tomorrow and going through April, Bloomberg will host Bloomberg NEXT training sessions in 16 cities around the world, where clients can work with a variety of Bloomberg NEXT experts to help with the switchover.

Since Bloomberg officials wait until roughly a third of its customers are on a new offering before speaking with the trade press, most Bloomberg users probably already have had some cursory discussion on Bloomberg NEXT.

However, if you are not a Bloomberg subscriber or have been living in a cave for the past four months to avoid the Republican primary debates, the most important thing to know is that Bloomberg NEXT is the Bloomberg Professional Service. It may have a new name, but it has all of the existing capabilities as well as new ones and without an increase in the monthly or annual license.