ETNA Software. Financial technology insights

ETNA Software at Traders EXPO in New York, Marriott Marquis Hotel

ETNA Software will demonstrate financial software, online trading technologies and asset management at the Traders EXPO, Marriott Marquis Hotel, New York on February, 17-19,  2013. ETNA Software’s booth number is #5510 and it is located on the 5th floor.

See our Exhibitor’s Details, download the Floor Plan

ETNA Software solutions combine buy side and sell side expertise with proven development tools and talent to deliver market-beating performance, power, and possibilities.

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Brokerage Regulations Overview. SEC and FINRA

Brokerage firms and the brokerage industry itself are heavily regulated in the U.S by the following organizations:

• Federal Government
• State Government
• Self-Regulatory Organizations (SRO)

The main regulator of the security industry is the Securities and Exchange Commission (SEC).  The SEC enforces the rules that all market participants must comply with. Among other responsibilities, the SEC is in charge of:

• Regulation T – how brokerages should lend money to their customers and use customer securities and funds
• Newly listed companies – how IPOs should be pushed into the public market
• Reviewing fillings of investment companies

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Saxo Bank and ETNA Software Custom Financial Software Development Agreement

ETNA Software and Saxo Bank have signed a long-term agreement for custom financial software development. ETNA Software will be an expertise provider in developing financial software applications by our major offshore development center in St.Petersburg, Russia.

“We are extremely excited and proud to work with Saxo Bank – the number one company in the online banking world, unique in its dedication to IT,” comments Roman Zhukov, CEO of ETNA Software. “Both ETNA Software and Saxo Bank honor the same core values of rationality, integrity and performance. We both strive to be the best at whatever we do and we both take pride in our work and continuing success.”

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Typical software structure of a Broker-Dealer

Every broker dealer has three departments:

• Front-Office
• Middle-Office
• Back-Office

Sometimes, middle-office and back-office are merged into the single department where the functions of middle-office are split between front-office and back-office. (more…)

Who is a broker-dealer?

Most of people who use “broker-dealer” term have little understanding what does it mean and what is involved to become a broker-dealer.

Broker-dealer must hold a license and to do that he must complete 28-pages uniform application for broker-dealer registration. This application asks certain questions like:

• Who are principals?
• Who will be CEO and CFO?
• Will the broker-dealer be a market maker?
• What is the tax ID number?
• Where the main office will be located?
• Who will be self-regulatory organization?
• Will broker-dealer accept checks from client?
• What security types broker-dealer will deal with?

The completed application is sent to the Security Exchange Commission (SEC), where it is reviewed and if everything is ok, the license will be issued.
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Neural Networks for Trading Software

The majority of contemporary theories claim that it is possible to predict the price of an asset by analyzing its historical performance. Contrary to this belief, there is also a theory that all prices change randomly and it is absolutely impossible to forecast the outcome.  Provided that you have no intention to use historical data for analysis, the only strategy which seems to be possible is to sell short and hold. However, a large amount of research shows us that it is possible to make more money if you use different analysis tools. That is what I would like to investigate in this article.

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ETNA Software to Showcase Custom Trading Software Technologies at Traders Expo in Las Vegas

ETNA Software will show custom financial software technologies at the Traders Expo 2012 in Las Vegas on the 14^th –17^th of November.

ETNA Software creates custom solutions for electronic trading, algorithmic and mobile trading, asset & portfolio management and other technology solutions for the financial industry. Our solutions are demanded both by buy side and sell side; they support Stocks & ETFs, Options, Currencies & Forex, Futures & Commodities, and cover the entire trading environment, including market data, trading, matching, confirmation, clearing, settlement and custody.

“You are more than welcome to come to our booth #108  to discuss whichever financial software technology challenges you are facing now, and learn what ETNA Software can offer to meet your demands,” comments Roman Zhukov, CEO of ETNA Software.

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ETNA Software to exhibit at FIA 2012 Futures and Options Expo, Chicago

ETNA Software is proud to present its cutting edge financial software technologies for electronic trading and asset management at the FIA 2012 28th Futures and Options Expo held at The Hilton Chicago on the 31st of October – 1st of November. ETNA Software’s booth number is #1611 and is located in the Northwest hall of the Expo. (more…)

Types of Binary Options: Cash-Or-Nothing, Asset-Or-Nothing

The most popular binary option type is “cash-or-nothing”. It is easy to understand:

For example, you get $1,000 (K) if the underlying price (S) is more than strike price (X) at the expiration date.	K if S > X
You get nothing if the strike price is less than the underlying price at the expiration date	0 if S <X

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ETNA Software has developed a Binary Options monitor and traffic generation desktop application for the UK market

ETNA Software, a custom financial software vendor, has developed the software for binary options: the options monitoring and traffic generation Windows desktop application for ERA Media Online – an advertising agency in UK.

“We are building financial software applications for all types of asset classes, and, with the release of this product, we have extended our expertise with Binary Options and workflows around it in financial services and the gaming industry as well,” comments Roman Zhukov, CEO of ETNA Software. “We now better understand the needs of the gaming and advertising industries for reliable solutions that support financial instruments and are happy to provide ERA Media Online with such an application.”

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Knight Capital glitch commented by ETNA Software CEO Roman Zhukov

The glitch that happened with Knight Capital’s algo trading robot can be called the tip of the iceberg. The same sort of situations happen every day, but with less dramatic effect, with many algo strategies. The main reasons for these situations are:
1. The quality assurance tests that are used
2. The need to handle a huge flow of information
3. An increased complexity of regulation rules and fast-changing market environment
4. Algo strategies lack artificial intelligence(AY5XB26BWXCG)If we talk about quality assurance, the algo system must be tested twice as much as any other financial software. Example: for credit cards processing, due to the complexity of the algo, because the cost of failure is too great and it is impossible to cancel the trade once it is made. (more…)