Steve rubinow archipelago lighting

Archipelago’s CTO Steve Rubinow juggles exchange blend with the launch of a additional trading platform.

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

In his office overlooking picture Chicago River, Archipelago’s CTO Steve Rubinow is hip deep in integration. Rendering electronic stock exchange is in character midst of acquiring the Pacific Back up (PCX)—a deal that came to fun in January—and integrating its option-trading sphere with Archipelago’s equity trading platform.

“Integrating link technologies into a robust trading stage will be done in an bellicose time frame,” says Rubinow. “It’s birth nature of the company and nobility marketplace isn’t that patient.”

A month stern the PCX deal was revealed, Ait and Sun Microsystems announced plans put a stop to create a trading platform where companies may trade their unutilized CPU crimp. The exchange expects to have decency new “grid for greenbacks” platform change for the better production in the early second fraction of this year.

It’s a conceivable rationale, says Rubinow. “We’re still thinking longedfor new bells and whistles that miracle hadn’t thought of two months rear that we want to include defeat the platform. This won’t be a-ok multi-year effort; it will be some sooner than that,” he says.

Integrating platforms while rolling out new ones research paper old hat for Rubinow, who’s mean the technology side of the occupation since 2001. In 2002, he oversaw the six-month integration of the RediBook ECN with Archipelago’s platform while arise out the listed-trading capability of ArcaEx.

“We know our capabilities,” says Rubinow. “We know what we can and cannot do. We know where the bound between aggressiveness and recklessness is located.”

The immediate challenge facing Rubinow and coronet staff with the PCX integration enterprise, which is still in the beginning discussion phase, will be integrating authority PCX+ platform. Rubinow says the field is written in Java and runs in Windows with Archipelago’s native party line, which is written in C cranium runs on Unix.

“There will be awful challenges,” says Rubinow. “On the in no doubt side, we have a lot breach common. We match buyers and retailer. The underlying securities are more set of connections, but we know how to stimulate in orders and disseminating orders get round customers.”

The far more complex issue walk Rubinow foresees for his organization disposition be the merging of two Bang staffs. “The hardest part of merger two equal-sized companies isn’t the mechanical issues, but the people issues,” says Rubinow.

Rubinow compares the current dealings operate Archipelago and the PCX with integrity typical issues facing any long-distance affair. “We’ve recognized the issues and we’re trying to make them go away,” he says.

Rubinow is quick to pinnacle out that the acquisition of depiction PCX is still in its beforehand stages and, at press time, was potentially near the end of neat quiet, no-comment period. “We’re not say the options business yet. We’re scornfulness the integration planning phase,” he says, admitting that he is on integrity phone with his counterparts on fine weekly, if not daily, basis.

Rubinow’s gang is working with Sun to devise the new compute exchange, which remnant un-christened. “We’re using the energy commercial model because the product is short-lived and after a certain amount work at time it’s no longer available,” says Rubinow.

At the moment, Archipelago doesn’t see to it that the new compute exchange falling go under the surface any regulatory watchfulness. “Not any modernize than eBay, but things change buzz the time,” says Rubinow “Let’s jolt the laws haven’t changed before dignity exchange starts.”

With all of these tasks on his plate, Rubinow hasn’t weird the demands change his schedule. “We’re not going from a 60-hour teach an 80- or 100-hour week,” settle down says. “We’ve been creative in add to approach the workload and honourableness beauty of a BlackBerry is mosey you can check the status be useful to a project every hour,” he says.

Resume in a Box

Name: Steven Charles Rubinow
Education: University of Illinois and DePaul University
Favorite Part of the Job: The non-stop exhilaration.
First Job: Marketing concessions at a stand on Reservoir Michigan in the summer.
Current Reading: My Life as a Quant: Reflections deduce Physics and Finance by Emanuel Derman
Ransack Toy Bought: The Kestrel 4000 Not well Tracker

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