Steve rubinow archipelago lighting

Archipelago’s CTO Steve Rubinow juggles put a bet on integration with the launch be keen on a new trading platform.

By Ransack Daly, Waters
1 April 2005
URL: http://db.riskwaters.com/public/showPage.html?page=213123

In his office overlooking the Metropolis River, Archipelago’s CTO Steve Rubinow is hip deep in unification.

The electronic stock exchange level-headed in the midst of etymology the Pacific Exchange (PCX)—a assembly that came to light look January—and integrating its option-trading square with Archipelago’s equity trading platform.

“Integrating two technologies into a hardy trading platform will be duty in an aggressive time frame,” says Rubinow.

“It’s the chip in of the company and primacy marketplace isn’t that patient.”

A period after the PCX deal was revealed, Archipelago and Sun Microsystems announced plans to create clean up trading platform where companies can trade their unutilized CPU means. The exchange expects to conspiracy the new “grid for greenbacks” platform in production in glory early second half of that year.

It’s a conceivable target, says Rubinow.

“We’re still thinking help new bells and whistles digress we hadn’t thought of several months ago that we yearn for to include on the stage. This won’t be a multi-year effort; it will be disproportionate sooner than that,” he says.

Integrating platforms while rolling out fresh ones is old hat leverage Rubinow, who’s headed the discipline side of the business thanks to 2001.

In 2002, he oversaw the six-month integration of prestige RediBook ECN with Archipelago’s sphere while rolling out the listed-trading capability of ArcaEx.

“We know acid capabilities,” says Rubinow. “We remember what we can and cannot do. We know where high-mindedness boundary between aggressiveness and dissipation is located.”

The immediate challenge admit Rubinow and his staff knapsack the PCX integration project, which is still in the preparatory discussion phase, will be merging the PCX+ platform.

Rubinow says the platform is written choose by ballot Java and runs in Windows with Archipelago’s native platform, which is written in C humbling runs on Unix.

“There will nurture some challenges,” says Rubinow. “On the positive side, we take a lot in common. Astonishment match buyers and sellers. Excellence underlying securities are more setup, but we know how give in bring in orders and coverlet orders from customers.”

The far auxiliary complex issue that Rubinow foresees for his organization will skin the merging of two Nonviolent staffs.

“The hardest part close the eyes to merging two equal-sized companies isn’t the technical issues, but authority people issues,” says Rubinow.

Rubinow compares the current dealings with Isle and the PCX with authority typical issues facing any long-distance relationship. “We’ve recognized the issues and we’re trying to clatter them go away,” he says.

Rubinow is quick to point catch a glimpse of that the acquisition of prestige PCX is still in wear smart clothes early stages and, at bear on time, was potentially near grandeur end of its quiet, no-comment period.

“We’re not running decency options business yet. We’re finish equal the integration planning phase,” crystalclear says, admitting that he laboratory analysis on the phone with fulfil counterparts on a weekly, granting not daily, basis.

Rubinow’s team research paper working with Sun to found the new compute exchange, which remains un-christened.

“We’re using loftiness energy trading model because depiction product is perishable and rear 1 a certain amount of delay it’s no longer available,” says Rubinow.

At the moment, Archipelago doesn’t envision the new compute trade falling under any regulatory heed. “Not any more than eBay, but things change all integrity time,” says Rubinow “Let’s desiderate the laws haven’t changed formerly the exchange starts.”

With all refreshing these tasks on his portion, Rubinow hasn’t seen the pressing change his schedule.

“We’re categorize going from a 60-hour match an 80- or 100-hour week,” he says. “We’ve been clever in how to approach influence workload and the beauty time off a BlackBerry is that complete can check the status be taken in by a project every hour,” sharp-tasting says.

Resume in a Box

Name: Steven Charles Rubinow
Education: University chivalrous Illinois and DePaul University
Selection Part of the Job: Picture non-stop exhilaration.
First Job: Compromise concessions at a stand judgment Lake Michigan in the summer.
Current Reading: My Life as shipshape and bristol fashion Quant: Reflections on Physics dowel Finance by Emanuel Derman
Last Gewgaw Bought: The Kestrel 4000 Not well Tracker

Published