Q&A: Corvil’s Donal Byrne Puts Latency Under The Lens
Latency management specialist Corvil has introduced its Trade Lens functionality, designed to map the technicalities of latency management onto trading business operations. IntelligentTradingTechnology.com spoke to Corvil CEO Donal Byrne to get the details. Q: Can you describe what Trade Lens does, and why it’s of benefit to trading operations? A: The Trade Lens transforms the...
Q&A: NovaSparks’ Yves Charles on Doing It All on FPGAs!
FPGAs are growing up and spreading their wings. Only a couple of years ago, their use for market data handling was considered cutting edge, whereas now it’s almost mainstream. But what about using them for more complex functionality? IntelligentTradingTechnology.com spoke to NovaSparks CEO Yves Charles on pushing the complexity, and the challenges involved. Q: You...
Molten Markets Launches FX ECN; Leverages Technology from First Derivatives, Kx Systems
Startup Molten Markets has launched MoltenFX, a new ECN for the foreign exchange markets. The venture is led by Simon Wilson-Taylor, most recently head of FICC eCommerce at UBS, and leverages technology developed by First Derivatives, based on Kx Systems’ kdb+ database. Wilson-Taylor says it is “an ideal time” to launch a new FX ECN,...
EMS Functionality, Increased Footprint are Key Drivers in Mantara’s Acquisition of UNX
Customer requests for increased desktop functionality, as well as the opportunity to increase the footprint for its pre-trade risk and connectivity services, were key drivers for Mantara’s acquisition of UNX, says president and CEO Michael Chin. UNX’s installed base for its Catalyst EMS offers Mantara a “valuable desktop presence” says Chin, providing a ready platform...
London Low-Latency Summit Just One Week Away
With just a week to go before the London Low-Latency Summit, I thought it was the right time to preview what the agenda will bring. Space at the new venue – the America Square Conference Centre – is limited but there’s room for a few more delegates, so be sure to register today. Now, with...
Options IT Deploys Virtual Exchange from FIN
Managed services provider Options IT has gone live with an order matching service from Fundamental Interactions, with two initial customers – a broker/dealer and an Alternative Trading System – with early trade flow of around 60 million shares per day. Deployed on the Options PIPE managed infrastructure – which offers co-located infrastructure, access to market...
Summit Report – Latency Measurement Vendors – Nasdaq Wants You!
If you work for a vendor of latency measurement technology, then you should have attended the Low-Latency Summit in New York City the other week. During the pre-lunch keynote, Nasdaq OMX principal technologist Dominick Paniscotti outlined efforts at the exchange group to measure – and so reduce – latency, and also put out a call...
Ahead of the Low-Latency Summit, Here’s Some Background Reading
Unless you’ve been living on Mars (and sadly it looks like a Russian space probe will not be visiting soon), then you’ll know that next Thursday I am hosting the Low-Latency Summit in New York City. If you are in fact a Mars resident, then you’ve just a few days to register online (it closes...
Bats Adds Binary
Bats Europe that is, which just added a binary protocol for order execution to the FIX protocol that it already supports. The new facility reduces latency that’s inherent in the more verbose FIX connectivity. A full suite of order types will be available using Binary Order Entry, so trading firms can opt for one or...
SIFMA 2011 – Booth 1101 – What to Expect
Today is the first day of the annual SIFMA show. And each year since it’s been run at the Hilton, Booth 1101 is the very first one that punters encounter following registration. So in some respects, it sets the tone for the entire trade show, and perhaps what is hot in the financial technology marketplace....