Perseus Rolls Certified Time Service for Regulatory Compliance, Algo Trading
Perseus Telecom has rolled out a certified time service to allow trading firms to accurately timestamp market data and transactions for regulatory and algorithmic trading purposes. The service taps technology from Certichron, which Perseus is now selling and maintaining at a number of market data centres, with more to come. Certified time is a proprietary and...
DDN Touts STAC Benchmark Performance
Storage vendor DataDirect Networks is pointing to new record benchmark results for financial analytics for its SFA12K-40 platform. The benchmark in question in the STAC-M3 suite, covering a number of operations on a time series of data. DDN says its hybrid spinning disk and flash memory platform outperformed “traditional storage” by a factor of eight,...
MapR Sets New MinuteSort Record; Grabs $30 Million
Hadoop distributor MapR Technologies recently announced that it had set a new world MinuteSort record using Google’s cloud-based compute offering. Following up on that, the company just raised a further $30 million in investment. The MinuteSort record saw MapR’s Hadoop offering sorting 15 billion 100-byte records (or 1.5 TB) in 60 seconds, using the Google...
Intel Enters Hadoop Fray
Intel has introduced its own distribution of Hadoop, incorporating enterprise level features for security, performance and management. The IT giant has also announced a number of partners for its offering, which it will sell on a subscription basis, ranging from the likes of Cisco Systems and Dell, to MarkLogic, SAP and Teradata. As part of...
Q&A: Vibhoosh Gupta of GE Intelligent Platforms on Packet Processors for Low Latency HFT Applications
Hardware acceleration means more than FPGAs. Network packet processors are also being adopted in the financial markets to boost the performance of trading applications. IntelligentTradingTechnology.com talked to Vibhoosh Gupta, business leader at GE Intelligent Platforms, to find out more. Q: Let’s begin with the basics: What is a packet processor, and how does it compare functionally...
NYSE Technologies to Distribute SMA Social Media Sentiment Analytics
NYSE Technologies has teamed with Chicago’s Social Market Analytics (SMA) to distribute the latter’s sentiment statistics, derived from social media, via its SFTI Network and its SuperFeed consolidated data feed. SMA’s engine extracts, evaluates and calculates data in real-time to attempt to generate directional and volatility indications on individual stocks, ETFs, sectors, and indices by...
Zeptonics Hit By Legal Ruling; Cannot Sell Ultra-Low-Latency Products
Australian financial trading technology vendor Zeptonics has been directed by the Federal Court of Australia to assign the ownership of certain of its products – including its ZeptoLink fanout device and ZeptoMatch matching engine – to proprietary trading firm Zomojo, which claimed ownership of them. It is considering appealing the decision, but for now it...
Trading Ecosystems and Liquidity
Liquidity is King Liquidity is a vital, if nebulous, conundrum. For a securities exchange, it is of the essence. Traders love it. Corporate issuers consider it crucial when choosing where to list. Yet at times it can depend on nothing more substantial than market sentiment. It is proverbially ‘sticky’ – liquidity attracts liquidity, yet it...
Q&A: John Lockwood of Algo-Logic Systems on Reducing Time-to-Market for FPGA Apps
While the debate on whether to leverage FPGAs versus travel the Intel CPU roadmap for cutting-edge performance continues, there seems to be a common view that developing for FPGAs can be challenging. Looking to overcome that challenge is Algo-Logic Systems, with pre-built functionality for automated trading functions. IntelligentTradingTechnology.com spoke to the company’s founder and CEO...
Q&A: HPCC Systems’ Flavio Villanustre on Not Map Reduce and Open Source
HPCC Systems – a unit of LexisNexis – has been quietly building out a big data processing platform for several years, using it internally to power several of its parent’s services and applications. Now, it’s open sourcing the not-map reduce platform, and selling a commercial version to third parties. We got the detail from Dr....