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An Introduction to Trading In the Financial Markets: Technology: Systems, Data, and Networks by R. Tee Williams

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5

Organization

In describing the organization of systems and other technology departments, we focus on the tasks that must be accomplished, not on the exact organizational structure that may differ greatly from firm to firm. Whatever the actual structure and lines of authority, there are similarities in the tasks required to develop, or acquire and then maintain, systems through all types of entities in the trading markets.

In the early days of technology, applications were developed to support specific functional activities. Among the first and most straightforward applications of technology was customer reporting. Slowly, most of the functions in the trading process were automated, but the process was complex because each market and each instrument ...

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