Wireless Institutional Trading: Function over Fashion?

August 28, 2001

Abstract

Boston, MA, USA August 28, 2001

Institutional Wireless Trading: Fashion over Function?

In a new report entitled Institutional Wireless Trading: Fashion over Function? Celent Communications examines the potential for wireless trading at securities firms worldwide.

The report examines the use of wireless applications for internal users - traders, sales force, operations staff; and external users - institutional clients and correspondent brokers. 

The study presents a detailed market overview of the adoption of wireless trading in North America, Europe, and Asia-Pacific, as well as penetration for the various wireless applications. The major vendors in the space are briefly highlighted in two main categories -- wireless specific solutions and trading systems. In addition, the report contains a selected series of case studies, which reflect the different uses for wireless devices by both securities firms and stock exchanges. Finally, the study concludes with our future perspective on this market.

Case studies in the report include:


UBS Warburg
Dresdner Kleinwort Wasserstein
New Zealand Stock Exchange
New York Stock Exchange

Isabella Fonseca, co-author of the report , notes, "While current IT spending constraints and technology limitations are slowing the adoption of wireless by institutional brokerages, our survey has found a surprising amount of activity on the wireless front. Several stock exchanges, including the New York and New Zealand bourses, have also innovated ways to employ wireless technology to improve connectivity and efficiency. We expect that within fours years full-fledged wireless solutions will be deployed at virtually all major securities houses, as well as an increasing number of smaller and regional firms."

According to Neil Katkov, co-author of the report, "At present, the wireless applications most commonly deployed in the institutional trading context are mobile email, followed by market information and alerts, and finally by trade order entry. These will include applications such as contact management and order management systems. Adoption will be driven by improvements in wireless devices and software, as well as by the need to remain competitive with the early adopter firms who are already rolling out advanced wireless platforms."

A Table of Contents is available online.

of Celent Communication's Institutional Securities & Investments research services can download the report electronically by clicking on the icon to the left.

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

 

 

Boston, MA, USA August 28, 2001

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Return to report abstract

EXECUTIVE SUMMARY

3

INTRODUCTION

4

USES OF WIRELESS FOR INSTITUTIONAL BROKERAGE

6

 

Messaging/Contact Solutions

6

 

Information Solutions

7

 

Trading Solutions

7

 

External Users

9

MARKET OVERVIEW

11

MARKET PARTICIPANTS

15

 

Wireless-Specific

16

 

Trading Systems

18

SELECTED INITIATIVES

20

 

SECURITIES FIRMS

21

 

DRKW

21

 

UBS Warburg

22

 

STOCK EXCHANGES

23

 

NYSE

24

 

NZSE

25

FUTURE OUTLOOK 27
        

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