Financial Services Industry
Industry: Email Alert RSS FeedMachine Liberates Multi-Tasking Traders: Software Is Designed to Monitor More Stocks With Fewer Pros.
Traders, January, 2001 by Chapman, Peter
Two vendors are pushing a technology that monitors the market for traders.
Neovest and Vhayu Technologies are competing to sell market-scanning software to market makers and proprietary traders. Their products track every trade in every stock and alert traders to significant changes in price and volume as well as news. Traders can use the technology to monitor the less-active stocks on their pads, freeing them to concentrate on the big-movers.
"Desks can watch more stocks with fewer traders," said Scott Gietler, vice president of business development at Los Gatos, Calif.-based Vhayu (pronounced vy-u) "They don't have to watch the market all day. We can tell them when something happens," he added.
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