Commentary: Exchanges must improve technology processes

05/6/2013 | Wall Street Journal/CIO Journal, The

William Brodsky, CEO of the Chicago Board Options Exchange, said that after its recent technological glitches, the exchange will postpone a software update needed for extended trading on Volatility Index futures contracts. CBOE's decision exemplifies the ways in which the financial sector is struggling to modernize its technological processes, writes Steve Rosenbush. The industry needs to look toward consumer Internet companies as a model for how to achieve efficient technological outcomes, Rosenbush writes. You can choose your specialized track, including trading systems, when you register for SIFMA's Tech 2013. Check out all your options today.

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