Wall Street buy-side traders face a blizzard of information
that they must assimilate and contextualize in order to make trading decisions.
Often this information must be sought out, many times from fellow traders
inside the organization, and from outside sell-side peers, who are happy to
provide tailored information on the securities they are offering. Establishing
and maintaining relationships inside and outside a firm and getting information
in a timely manner can be a difficult and time-consuming process for a trader.
To solve this problem, P2P startup WorldStreet created
WorldStreet Net™, a P2P information management and publishing application
targeted at the financial industry. Developed with WorldStreet’s eXtensible Integration
Architecture (XIA), an XML-based integration methodology, WorldStreet Net
enables users to capture, manage, and modify their business relationships
on-line. The application also offers structured message types that use standard
financial industry terminology. Every user can be a publisher and can create
new workflows using the system.
There's more on WorldStreet in Part 2 of CTOMentor's peer-to-peer white paper:
Peer-to-Peer Computing and Business Networks:
More Than Meets the Ear, Part 2 – How Are Businesses Using P2P? Part 2 is available at
MindCrossing
for a fee of $50. Part 1 - What is P2P? is available for free at
CTOMentor.
.