Let’s not debate the merits of the enormous regulatory changes from the SEC today, but take it as a given that we all need to deal with it. Today’s unheralded announcement, as well as the 2 week expiration date, represent lightning-fast time frames in an industry that is typically given years to prepare for such large structural changes.
The software you use should be able to adapt – quickly. It touches every part of your trading business from regulatory (obviously), to trading strategy formulation, to risk management. When even extra-loud value investor Jim Cramer is suggesting short-term trading strategies because of these changes, you know this represents a fundamental shift.
So how are your systems faring? What would you like to see them do better? And, what would you like to be able to change right now?