whether that is good or not is of course mostly a function of the quality of the IT team. A fool-proof front-facing app is in my opinion much more stable and better than letting traders work with Excel Add-ins which are often unstable. I used an app in one of the previous banks, I traded at, which submitted requests to an in-house server and returned analytics, computed utilizing market data and other sentiment data. It was a fantastic app and worked all the time unless their internal market-data server had issues. The few times there were outages it was generally an issue on the market data vendor side (RMDS and Bloomberg) and not on the bank's end. On the other hand, I frequently had issues as trader with the derivatives pricer add-ins that sometimes "magically" disappeared from the Excel app or had issues connecting to messages buses or the likes. As soon as an RMD server is involved or UDF functions in Excel add-ins you are asking for trouble. At least that has been my experience...
Yup, they do. In most cases it would be better if they did not![]()