BM&F BOVESPA Unleashes Puma for Spot FX Today
Brazil’s BM&FBOVESPA exchange goes live today with the first phase of its Puma Trading System, a multi-asset platform, based on Globex technology from the Chicago Mercantile Exchange, with an aim to reduce trade execution to less than a millisecond. Today, the exchange is commencing trading on Puma with spot foreign exchange. Next up are derivatives...
NYSE Loosens Liquidity Centre Access
While there are no official statements being issued, inside word suggests that NYSE Euronext is loosening the restrictions previously in place on network access to its liquidity centres. Essentially, the exchange is now allowing remote access to its matching engines via networks other than its own SFTI. Since flipping the on switch at its liquidity...
FPGA Momentum Accelerates!
Perhaps it’s just me reacting to NIWeek, which just concluded here in Austin, but I seem to be noticing the F word – for FPGA (that’s Field Programmable Gate Array for you x86 guys) – cropping up more and more these days. Could it be that these specialised ‘go faster, run cooler’ chips that have...
TMX and Atrium – If You Can’t Join Them, Beat Them?
With a plan to expand internationally through a merger with the London Stock Exchange thwarted by a lack of shareholder support and a rival bid, Canada’s TMX Group – Toronto Stock Exchange, Montreal Exchange, and others – is extending its reach through the acquisition of Atrium Network. The move provides its markets with connectivity to...
Perseus Shaves Milliseconds to Sao Paulo
Just 106 milliseconds roundtrip, is the published latency for Perseus Telecom’s new low-latency connection between Nasdaq’s Carteret, NJ data centre and the Sao Paulo-based Brazilian securities, commodities and futures marketplace, awkwardly named BM&FBOVESPA. Perseus is leveraging GlobeNet’s submarine cable to go south. That’s the fastest we know of. Orange Business Services Trading Solutions (yeah, another...
Co-Lo + Connectivity. Just Add Community for Profit!
For those interested in trends in co-location and connectivity, and the emergence of the community effect fueled by these technologies, you might take a look at this feature that I authored for A-Team’s monthly Insight review. Download the PDF and enjoy!
Level 3 Goes Last Mile to LSE
A bit more insight into the Level 3/London Stock Exchange news today. After previously relying on others – competitors – to provide last mile connectivity to the LSE’s co-location centre, the connectivity provider now owns that segment. While that means slightly lower latency, the main benefit is related to control and management, so Level 3...
Wenig Departing Thomson Reuters in Reorg
Veteran Devin Wenig is leaving Thomson Reuters, where he was head of the Markets division (its focus being on financial information and trading systems) as part of a reorganisation that will see that division split in three. CEO Tom Glocer will take over Wenig’s responsibilities, and the division will now be organised as: Financial Professionals...
Bats Europe Goes West to Equinix’s Community
So, Bats Europe has officially signed on to relocate its matching engines to Equinix’s LD4 facility in Slough, west of London. If all goes well, it will be up and running at its new location in October, as a new member of the ‘community’ there. Of course, if all goes very well, by then the...
The Network Effect
Looking at the latest news from Sanford C. Bernstein, about them joining SunGard’s Global Network got me thinking a bit. First, what does the “C” stand for? Next, since I couldn’t find an answer to that first one, is where do networks from the likes of SunGard fit in the low-latency world? And it all...