| Financial News’
second annual list of 21 technology companies for the
21st century picks out innovative businesses with the
potential to shape the industry landscape in the new
millennium.
To find the 21, we scoured the markets and asked for
recommendations from consultants and practitioners.
Stock exchanges were excluded, as they occupy too privileged
a position, as were investment banks.
We were looking for companies with innovative technology,
a clear vision of how they might improve the markets
in which they operate, and ideally some track record
of success, however short.
Two potentially transformational initiatives we ignored
were Projects Boat and Turquoise, the bank consortiums
formed to challenge the dominance of European stock
exchanges in trade reporting and execution.
As neither is yet operational it seemed premature to
include them in the list. Technology companies working
in all areas of the securities industry were considered.
We hope the list offers a glimpse of the future.
Trading Screen
Broker-neutral execution management system
Founded: 1999
Background: TradingScreen, a vendor of execution management
systems, has, like rival Ullink, won the backing of
some of the largest equity traders in Europe, including
Citi, Credit Suisse, Morgan Stanley and UBS, in a market
where broker-neutrality is becoming an increasing concern.
Richard Balarkas, the global head of advanced execution
service sales at Credit Suisse, said: “As the
leaders in algorithmic trading, having TradingScreen
as a partner provides our clients with the option of
a truly global multi-asset, broker neutral solution.”
Potential: The vendor has opened an office in Chicago
to tap into the expanding demand for algorithmic trading
in the derivatives market. It has offices in New York,
London, Paris, Tokyo, Hong Kong and Sao Paulo. |
Press
Releases 
