what’s the biggest shortcoming of software / systems for trading today?

(Last Updated On: August 16, 2011)
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In your personal view, what’s the biggest shortcoming of software / systems for trading today?
Today or in general? The biggest problem in general is curve fitting and having the wrong risk parameters.
I think the most common general shortcoming is outdated systems that can’t or don’t evolve with traders’ needs.
That’s true, too many firms have models that aren’t dynamic enough to handle changing conditions. Just because a system works over the last 10, it doesn’t guarantee the next 10 will be repeated exactly the same
It goes deeper, in fact it goes into their development model.We offer Agile training to help clients move to faster, more responsive development cycles etc. just little things like continuous build and test enables more frequent production ready drops. Many groups use the big bang approach versus incremental improvements. Big bang failures cause issues.No one notices when incremental improvements slip a bit.

Plus many development teams are fully engaged making what they have already developed work today. They do not have time to start up new projects. That is why engaging a development house that gets to know you and your systems can buy you time to market.

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
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About caustic

Hi i there My name is Bryan Downing. I am part of a company called QuantLabs.Net This is specifically a company with a high profile blog about technology, trading, financial, investment, quant, etc. It posts things on how to do job interviews with large companies like Morgan Stanley, Bloomberg, Citibank, and IBM. It also posts different unique tips and tricks on Java, C++, or C programming. It posts about different techniques in learning about Matlab and building models or strategies. There is a lot here if you are into venturing into the financial world like quant or technical analysis. It also discusses the future generation of trading and programming Specialties: C++, Java, C#, Matlab, quant, models, strategies, technical analysis, linux, windows P.S. I have been known to be the worst typist. Do not be offended by it as I like to bang stuff out and put priorty of what I do over typing. Maybe one day I can get a full time copy editor to help out. Do note I prefer videos as they are much easier to produce so check out my many video at youtube.com/quantlabs