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Creating Reliable Trading Systems

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There have been a number of recent incidents involving systems glitches at major trading firms including the Chicago Board of Options Exchange (CBOE) and before that at Knight Capital Group. The incident at Knight resulted in a $440 million dollar loss and Knight Capital has recently finalized their merger with Getco. This is a polite way to note that a major company essential ceased to exist as an independant organization because of what has been reported to be a configuration management error. The truth is that there never should an outage of any major trading system. We have the techniques to prevent these mistakes and trading firms certainly have the resources to be able to afford software engineers with the skillset required to maintain reliable systems. So then why do we continue to hear about these problems on an ongoing basis?

I believe that we have failed to approach our work with what Edwards Deming called a constancy of purpose. This means that we need to focus on the long term plan and, as Deming also pointed out. we need to build quality in from the beginning. The first essential requirement is to have excellent source code management procedures. In my opinion, it is unacceptable that so many trading firms lack support and training for world class version control systems that include workflow automation (to help with traceability). Similarly, companies need to have support for automated application build, package and deployment including continuous (or at least frequent) integation and continuous delivery. DevOps has much to offer in terms of industry strength best practices and ultimately organizations needs to commit to creating the secure trusted base.

Creating reliable trading systems is very doable and also very cost effective. I would like to network with other technology professionals who are interested in understanding and promoting the exact details of how to create secure and reliable trading systems. It is no suprise that many of these same techniques are also essential for creating safety systems including life support systems and essential utilities such as Nuclear Power plants.

We can do this. let's work together to make this happen!


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Micro Focus Completes Acquisition of Serena Software, Inc. Application Lifecycle Management Acquisition Boosts Micro Focus’s DevOps Capability ROCKVILLE, Md., May 2, 2016 /PRNewswire/ -- Micro Focus (LSE: MCRO.L) today announced the completion of its acquisition of Serena Software, a leading provider of Application Lifecycle Management (ALM) software, under the terms of the definitive agreement disclosed on March 22, 2016. "Our customers continue to look at DevOps as a way to deploy critical applications and services quickly and with greater reliability to meet business demands," said Stephen Murdoch, CEO, Micro Focus. "The Serena acquisition extends our ability to help customers meet these challenges so they can drive greater innovation faster with lower risk." According to industry analyst firm Gartner, "DevOps implementations utilize technology, especially automation tools, that can leverage an increasingly programmable and dynamic infrastructure from a life cycle perspective."1  The experience and expertise which the Serena business brings will enable Micro Focus to help its customers develop and release applications and services faster, with greater speed and accuracy. Serena adds capabilities in software application development; software configuration and change management; and business process management to Micro Focus's portfolio of ALM solutions spanning mainframe environments, distributed systems and cloud. The combination of Micro Focus and Serena allows companies to better: Design and build business applications and services with greater accuracy, reliability and predictability; Continuously deploy existing core business applications on a wider variety of platforms to meet changing business needs; and Improve the speed and efficiency of new business services through automated release and deployment solutions. About Serena Software Serena is among the largest Application Lifecycle Management vendors with more than 2,500 enterprise customers. Serena helps the highly regulated large enterprise move fast without breaking things – increasing velocity of the software development lifecycle while enhancing security, compliance, and performance. More information is available at www.serena.com. About Micro Focus Micro Focus (LSE: MCRO.L) is a global enterprise software company helping customers innovate faster with lower risk. Our software helps customers build, operate and secure IT systems that bring together existing business logic and applications with emerging technologies to meet increasingly complex business demands. For more information, visit: www.microfocus.com. 1I&O Must Combine ITIL and DevOps to Deliver Business Value for Bimodal IT," by George Spafford and Ian Head, March 18, 2016.
Hi, I am excited to invite you to subscribe to our new online publication which provides guidance on Configuration Management Best Practices, Agile Application Lifecycle Management (including videos) and, of course DevOps. Our publication explains hands-on best practices required to implement just enough process to ensure that you can build software and systems that are reliable and secure. Based upon our new book, Agile Application Lifecycle Management - Using DevOps to Drive Process Improvement, the Agile ALM DevOps Journal seeks to promote a dialogue that is really needed in the industry today. We will discuss practical approaches to implementing the Agile ALM using DevOps best practices including continuous integration, delivery and deployment. We will also discuss process improvement strategies that work in large organizations that must comply with federal regulatory guidelines, along with smaller teams that may very well grow as they become successful. We are taking this journey together and our goal is to ensure that you have a voice and can share your experiences along with learning from other colleagues too. Enjoy Leslie Sachs's amazing column: Personality Matters and Bob Aiello's column: Behaviorally Speaking. We will also report on major incidents where organizations clearly need to improve on their ability to develop and deliver software effectively, including the recent Southwest systems glitches which resulted in thousands of flights being cancelled and thousands more being delayed. We will also bring you exciting technical product announcements such as jfrog's new xray, which helps to scan your runtime objects, including docker images, for vulnerabilities. This is an exciting time to be in the technology field. Join the revolution! You can submit your articles for publication to share your own knowledge and experience!  Subscribe to receive your copy and register so that you can comment online Bob Aiello http://www.linkedin.com/in/BobAiello @bobaiello, @agilealmdevops, @cmbestpractices This e-mail address is being protected from spambots. You need JavaScript enabled to view it  
 
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