Angela Merkel’s Trading Platform Decision
If you think Angela Merkel had a tough time convincing the German public to bail out Greece, think what she’s facing as she prepares to tell them that their beloved Xetra trading platform is relocating to a former Ford car park in Basildon, a desolate corner of Southeast Essex. For that is what almost certainly...
Aux Temps Perdus en Fleet Street
Just because we could, we took lunch on Fleet Street yesterday. I managed to squeeze in a quick haircut at the hairdressers just across the street from the Punch Tavern, then ambled over to Lutyens, the newish chi-chi restaurant housed at – yes, you guessed it – 85 Fleet Street. This building – designed by...
Q&A: Telx’s Michael Cattell on Co-Lo in Chicago, and Trading Ecospheres
With a recent expansion of its Chicago facility, Telx is continuing to make news in the hot market for co-location services. IntelligentTradingTechnology.com caught up with the company’s vice president for financial services Michael Cattell to get the background to the Chicago expansion, and to find out more about Telx’s trading ecosphere. Q: You recently announced...
Q&A: Cogeco Data Services’ Virginia Brailey on Low Latency North of the Border
When it comes to low-latency hot spots, it’s not all about NYC, and not even just about the US. Our neighbors to the north have plenty going on too in terms of electronic exchanges and new marketplaces. And there are local vendors, such a Cogeco Data Services. IntelligentTradingTechnology.com talked to Virginia Brailey, vice president, marketing...
Smoke or Fire in Latency M&A?
It’s surprising how market downtime – that is to say the just-passed holiday period – continued to generate tittle-tattle, which of course we were able to monitor from the southern tip of Europe thanks to the modern marvel that is the iPhone. Tittle-tattle it may be, but something is afoot in the low-latency connectivity space....
Hibernia Secures $250 Million for Project Express
Hibernia Atlantic has secured a $250 million financing commitment for Project Express, its planned transatlantic low-latency connection for high frequency traders. The funding, from one of its vendors, Huawei Marine Networks Co., allows Hibernia to proceed with what it anticipates to be the fastest trading link between New York and London with expected latency of...
The Connected World of Connectivity
What is connectivity? How to define connectivity in the high-performance trading infrastructure segment depends on where you sit in what’s increasingly viewed as the financial ecosystem. At the FISD’s recent Low-Latency Roundtable event in London, I asked a group of esteemed supplier panellists how financial markets users should decide on which application type is the...
Go East Young Man
They say timing is everything, so perhaps it was fortuitous that I managed to catch up with David Stanton – Cable & Wireless Worldwide’s man in Singapore – just a few days before news of Singapore Exchange’s interest in the Australian Stock Exchange hit the wires. But as I’ve noted here in the past few...
A Random Walk Down Brick Lane
Having spent some time last year at Equinix’s LD4 data centre in Slough for a piece in our A-Team Insight Quarterly magazine – and getting an exclusive preview of the LD5 facility, then under construction, I jumped at the chance last week to tour Interxion’s Brick Lane site. To paraphrase (badly) Camper Van Beethoven’s Take the...
Hibernia Aims to Undercut Latency with Express New York to London Link
Hibernia Atlantic is planning a sub 60 millisecond latency cable link between New York and London, claiming that none of its competitors will be able to beat its speed in the timeframe before the cable carries low latency data for high frequency traders in mid-2012. Hibernia says the 60ms New York to London round trip...