Realtime via GTalk at Morgan

Fitting into my thesis that open instant message platforms are the best vehicle for the next generation of realtime systems — even if they end up looking nothing like IM — is this news yesterday from J.P. Morgan:

JPMorgan’s Electronic Client Solutions (ECS) announced today the launch of AlgoAlert, an instant messaging service that provides unique charts as well as real-time updates of algorithmic trading performance and trading conditions such as halts and oversized orders. AlgoAlert can be received via a variety of email and instant messaging platforms including, AOL’s AIM service, the BLOOMBERG PROFESSIONAL® service’s messaging system, and the Google Talk â„¢ instant messaging service.

Mind you, their mention of “dark pool” algorithms later in the release is more than a litlte spooky.

Related posts:

  1. The “Young People Don’t Use Email” Canard
  2. Are Rumors of Email’s Death Exaggerated?
  3. The Open Platforms Paradox
  4. Tools, We’ve Got Tools
  5. Rumors of Email’s Death, etc.

Comments

  1. Gordon Mohr says:

    Hmm, neither [dark pool algorithms] nor [dark pool algorithm] have any Google hits.
    Any idea what these are, and where JPMorgan might have “recently announced” same in such a way to avoid notice by the all-seeing googly eye?

  2. anon says:

    http://investor.shareholder.com/jpmorganchase/press/releasedetail.cfm?ReleaseID=210277&ReleaseType=Current
    found by a search for [aqua arid].
    seems that dark pool probably refers to dark liquidity which are non public trading networks.