Latency Monitoring Revs Up to Nanoseconds
“The Value of a Millisecond” – the title of a widely quoted April 2008 white paper by my esteemed industry colleague Larry Tabb – is now as obsolete a discussion as is the Renault F1 car that graced its cover. In the world of low latency – just as in F1 – three years of...
Q&A: SpryWare’s Daniel May on Boosting Ticker Plant Performance
Chicago-based SpryWare recently announced its ticker plant can process 10 million messages per second. IntelligentTradingTechnology.com talked to the company’s co-founder Daniel May about the market data explosion, how SpryWare is responding, and trends for 2011. Q: The latest capacity test on your MIS ticker plant show that it can process 10 million messages per second....
The Need for Speed – More Than Just Bullock?
US Futures Commodity Trading Commissioner Bart Chilton offered a broad assessment of the high frequency trading landscape at the recent High Frequency Trading World USA 2010 Conference in New York. His entertaining speech, transcribed here, offers great insight and raises a number of poignant questions about the future of high-speed market access: Introduction Today, I’m...
FPGAs, Established for Market Data, Now Being Leveraged for Transactions, Pre-Trade Risk
Field Programmable Gate Arrays (FPGAs) – providing hardware-based acceleration for processing typically performed in software – are being increasingly adopted for financial markets applications, with signs that their use is moving beyond boosting market data delivery, to address transactional performance as well. Fixnetix and Wall Street FPGA are providing two such examples, as hardware acceleration...
Q&A: CSI’s Emilio Mercado on the Release of MDAL
Emilio Mercado is director, financial services product & strategy at the Collaborative Software Initiative. IntelligentTradingTechnology.com talked to him about the recent release of MDAL – The Market Data Abstraction Layer – which has a goal of providing a single API to access market data across an enterprise, avoiding vendor lock-in. Q: Why is MDAL needed?...
Scaling New Market Data Peaks
It’s becoming quite a frequent event – that being the press release from marketdatapeaks.com about a new record high as measured using the Exegy ticker plant appliance that powers it. Today, the release said the record had been pushed up to 3,732,957 messages per second at 9.54am. The previous peak was 3,449,856 mps, which was...
The Future is in the Memory for Tibco
I’m in Las Vegas, at Tucon, the Tibco User Conference, and it’s been a great experience. Incredibly, I am a Vegas virgin, so I indeed marveled at the re-creation of St. Mark’s Square – complete with its expansive blue sky, a canal and gondolas – all on the second floor of the Venetian. And it...
Intel’s Nehalem EX Changes the Game for Low Latency
Intel calls its chip release strategy “Tick Tock” which means better, faster, cheaper chips every year. A year ago, the groundbreaking Nehalem chip was introduced, and this past week saw the introduction of a high-end version of that, Nehalem EX. Featuring more cores, better memory I/O and larger memory addressability, the Xeon 7500 as it’s...
Market Data Capacity – 2009 Review, 2010 Outlook
From the safe distance of February 2010, we can look back at 2009, rake over the coals and think carefully about what lies ahead in 2010. Before I start my survey, I must point out that I am indebted to the Financial Information Forum and its membership, especially the exchanges, for providing a vast array...
Now it Makes Sense … Blade and NYSE Euronext
A few inquiring minds have been asking me lately about a company called Blade Network Technologies, and specifically why it is participating in a panel “Building the World’s Fastest Trading Network” at next week’s High Performance Computing on Wall Street conference – it’s a panel that I am moderating, and also includes Stanley Young from...