A-Team Insight Author: A-Team
G20 Endorses Next Phase of Global LEI System Development as March 2013 Deadline Looms
The creation of a global legal entity identifier (LEI) system under the watchful eye of the Financial Stability Board has taken a major step forwards with the endorsement by G20 financial ministers and central bank governors on Monday 5 November of the Regulatory Oversight Committee (ROC) for the system. While G20 approval for the charter...
Talking Reference Data with Andrew Delaney: Frying Pan – Fire
Two major financial data providers announced their third-quarter results in the past few days. A bit of minor drill-down suggests that reference data and related services are playing a significant role and could point the way forward to future growth. The latest numbers from NYSE Euronext, which reported its third-quarter earnings this week, don’t look...
MarketAxess Pledges Investment in Xtrakter after Acquisition from Euroclear
The agreement between MarketAxess and Euroclear under which the former will acquire the latter’s Xtrakter subsidiary is expected to strengthen MarketAxess’ products and position in European markets, and clear the decks for Euroclear to concentrate on developing core services. The deal includes payment of £25 million ($42 million) in cash and the transfer of 70...
Infinigon Group Generating Realtime Trading Signals From Twitter
New York City-based Infinigon Group is emerging from stealth mode and is working with select trading firms to test their software, which provides trading signals by analysing Twitter activity in real time. Infinigon’s web-based platform taps into the 400 million tweets delivered via the Twitter Firehouse, a real-time feed of all tweets, and applies proprietary...
Nasdaq OMX Plans to Add Mergent’s Indxis Services as it Builds Out Index Business
Nasdaq OMX plans to build out its index provision through the acquisition of Mergent subsidiary Indxis, a vendor of index services including creation, licensing and calculation. Terms of the acquisition have not been disclosed, but the deal is described by Nasdaq OMX as a strategic move in a mission the company has been on over...
Cisco and Friends Publish Real World Latency Statistics for Nexus 3548 Switch
Cisco Systems has teamed with a group of market data feed handler, latency management and integration vendors to produce an early set of real world latency statistics for its recently introduced Nexus 3548 switch. Apart from Cisco, the latency testing – which comprised a proof-of-concept implementation to show end-to-end latency validated with real-time market data...
Financial Markets Data Centres Survive Sandy Devastation
Judging by feedback from various industry people in the New York City region, the principle data centres serving the financial markets survived the onslaught of Monday night’s Hurricane Sandy without any problems. One exception was a power issue at the 111 8th Avenue carrier hotel. Several data centres remain on generator power, though fuel deliveries...
Prescient Ridge Management Tries On Made-to-Measure From Connamara Systems
Managed futures fund Prescient Ridge Management (PRM) is turning to Connamara Systems and its Made-to-Measure trading suite to support its expansion into new markets, using new trading strategies. Made-to-Measure (MtM) bridges build versus buy development approaches by providing pre-built components that can be augmented by proprietary code to form complete trading systems. PRM currently trades...
Zeptonics Taps Mellanox For Ultra-Low-Latency Matching Engine
Sydney-based Zeptonics is integrating network interface cards from Mellanox Technologies into its ZeptoMatch matching engine. The integration boasts wire-to-wire matching for a million orders per second with a median wire-to-wire match time of 1.97 microseconds and a typical client roundtrip of three microseconds. ZeptoMatch is a software-only application, running on commodity x86/Red Hat Linux servers,...
TraFXpure Plans Random Latency FX Trading
Nope, the date is not April 1, though I had to double check. TraFXpure, a planned spot market for foreign exchange, has begun testing for an early 2013 go live, exercising a matching engine that features random latency execution. To be exact, the matching engine’s latency is not random, but orders submitted to it will be...