Wall Street Letter Volume XLV Issue 18 | Page 3

NEWS 6 – 12 JUNE 2013 TECHNOLOGY Published by Pageant Media London Thavies Inn House London EC1N 2HA T [phone] F [phone] EDITORIAL Jeanene Timberlake Managing editor [phone] [email protected] Ryan Gorman Reporter [phone] [email protected] Gwyn Roberts Group head of content [phone] [email protected] Indira Peters-DiDio Data manager [phone] [email protected] PRODUCTION Claudia Honerjager Head of production c.honerjager@ pageantmedia.com New York 240 W 37th St. Suite 302, NY 10018 T [phone] F [phone] COMMERCIAL Lucy Churchill Group commercial manager [phone] [email protected] Stefano Giacoia Content Sales Manager [phone] [email protected] EVENTS Beth Hall Head of events [phone] [email protected] DISTRIBUTION Fay Muddle Circulation manager [phone] [email protected] PAGEANT MEDIA Charlie Kerr Chief executive Printed by The Manson Group MathWorks to build financial industry awareness MathWorks is looking to build financial industry awareness of its existence among bigger banks, hedge funds, regulators and other market participants in the coming year, according to Steve Wilcockson, industry manager, financial services. Less than 10% of the client base for MathWorks’ business, which has traditionally focused on automobile manufacturers and defense contractors, comes from the financial industry. The vendor’s practice for financial firms is focused on big data analytics and algorithmic automation, according to Wilcockson. The vendor intends to sponsor and participate in conferences, as well as hold virtual summits, Wilcockson said. He added these activities can build enough momentum for MathWorks to start building a formidable financial services stable, though he declined to detail the vendor’s goals for growth. Clients are looking for customizations such as integration of services with Interactive Brokers, ACTIV Financial and S&P Capital IQ Quanthouse, Wilcockson shared. He added the vendor wants to add more execution management systems to the two MathWorks has already integrated, Bloomberg’s EMSX and AxTrader. MathWorks is also looking to move further into the production environment by building out an offering that one bank has already used to automate algorithm coding and testing, Wilcockson said. The automation allowed the bank to reduce the time from initial coding to production from two to three months to only two weeks, and allows them to trade with less than nine milliseconds of latency, Wilcockson added. 03 01 CONTINUED... Sub-editor Eleanor Stanley Sub-editor Luke Tuchscherer Sub-editor ISSN# 726-98790 © 2013 Pageant Media Ltd. All rights reserved. COPYRIGHT NOTICE: No part of this publication may be copied, photocopied or duplicated in any form or by any means without Pageant Media’s prior written consent. Copying of this publication is in violation of the Federal Copyright Law (17 USC 101 et seq.). Violators may be subject to criminal penalties as well as liability for substantial monetary damages, including statutory damages up to $100,000 per infringement, costs and attorney’s fees. The next will be available the week of WALL STREET LETTER 06/10/13 The upcoming issue will feature our regular ???????????????????U?????????????????????????????????????????????????????????????????() ????e???????????????????5?????M??????]?????5????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????d???????????M??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????%??????????????????????????????????????????q???e??????????????????????????m????t?????????????????????????????????????????????????????????????????????????????????t???????????e??????????????????????????????????????????????????????????????????????????????????????????????????q%?e??????????????????()?????$??????????????????????????????????????????????????%?????????????????????????????????????????t???????????????????5?????M????????????????????????????????????????? ????????????????????5????????????????????????????????????????????qQ??????????????????????????????????????????????????????????????????????????????????????????????????????????e???????????????????????????????t??????I????????????????????????Q?????????????????????????e??????????????????????Q???Q?????????????????????????????????????????????????????????????????????????????????????q]????????????????????????????????????????????????????????????????????????????????????????????????t?????????????????????????????????????????????????????????????????????((0