Nexxcom Pushes Down Latency with Wireless Networks in NY/NJ and London Metros
With services aimed at the financial trading community, Nexxcom Wireless is rolling out its microwave wireless data network in the NYC/NJ and London, UK metro areas, beating the latency of fibre-optic wired services by a significant margin. The company has provided these latency figures for several popular routes: PATH LATENCY RTT* SPEED of LIGHT** Carteret,...
HKEx Announces Initial Hosting Ecosystem Members
Ahead of its Q4 launch for hosting services, Hong Kong Exchanges and Clearing Limited (HKEx) has announced 22 service providers that will set up to provide co-lo and connectivity to the exchange’s core trading platform. “The initial group of founding members, covering telecommunications, market data and financial technology services, provides an excellent base for our...
Hibernia Goes Live With NYSE/Nasdaq Link, Co-Lo
Hibernia Atlantic has gone live with a new fast fibre optic link, connecting Nasdaq’s data centre at 1400 Federal Boulevard in Carteret, NJ, with a popular carrier hotel at 165 Halsey Street in Newark, NJ, where NYSE Euronext maintains a point of presence for its SFTI network, which connects into its matching engines. Hibernia is...
Q&A – From Yesterday’s London Low-Latency Summit
Industry experts in the morning panels at yesterday’s Low-Latency Summit in London responded to a number of questions posed by moderator Pete Harris of IntelligentTradingTechnology.com. Here is some of the wisdom shared … Q: Trading firms want to be smarter, leveraging technology to be wiser with respect to their trading strategies. Do you agree? Where...
Coping with the Need for Speed
The need for fast trading is nothing new. The origins of low latency trading are traced to the arbitrage desks of the 1990s, where speed and firepower were directly used to ‘pick off’ mispriced products. It wasn’t long before other markets caught on. Equity markets require low latency because of the widespread use of algorithms...
Q&A: Interactive Data’s Scott Caudell on Co-Lo and Managed Services
Managed service delivery in the low-latency world is an increasing focus as trading firms begin to measure ROI for their IT investments. IntelligentTradingTechnology.com spoke to Scott Caudell, vice president, IT Infrastructure, at Interactive Data, about its 7ticks business, and where it fits in. Q: To begin with, can you outline what the Interactive Data 7ticks...
NYSE and Fixnetix Combo Accelerates Global Rollout of “Frictionless” Market Access
So, in the wake of NYSE Euronext’s failed merger with Deutsche Borse, executives at the exchange group are clearly embarking on a Plan B. Part of that is the deal it announced on February 16, which will see it take a 25% stake in Fixnetix, a provider of co-located, managed services for low-latency market data,...
Q&A: Art Novikov on the Sweet Spot of High Performance Market Data Processing
Building systems for low-latency market data integration with trading systems requires a rare combination of technology skills and financial markets understanding. IntelligentTradingTechnology.com talked to Art Novikov, founder of Trading Physics, which leverages that combination for its customers – whether they be vendors or market participants. Q: First off, can you explain what Trading Physics does,...
Datacom Taps Formby, Releases Matrix Switch for Co-Lo
Datacom Systems – a vendor of network taps and matrix switches – has appointed Kevin Formby as its new president and CEO. Formby joins from packet capture/latency monitoring specialist Endace, and as such brings with him much experience of the financial markets vertical in general, and low-latency infrastructure in particular. On the heels of Formby’s on-boarding,...
Direct Edge Taps Xignite for Historical Data Cloud
Stock exchange Direct Edge has launched EdgeBook Cloud, an on-demand service providing depth-of-book historical trade and quote data from its EDGA and EDGX markets. The data is delivered via Xignite’s cloud-based infrastructure, and is targeted at market analysis, back-testing, and compliance applications. There are three delivery options: “Our goal is to make EdgeBook Cloud the...