Orient Securities Implements Orc Trading Bricks for Options Market Making in China
Orient Securities has implemented Orc’s Trading Bricks platform to support its options market making operations on the Shanghai Stock Exchange. The securities firm chose Orc’s turnkey market making solution in a competitive selection process and on the basis of Orc’s market reputation and its platform’s rich feature set. Orient, one of the largest securities firms...
Thomson Reuters Offers Three Open Source APIs and Plans More
Thomson Reuters has simplified access to its data feeds and services with a family of open source application programming interfaces (APIs) that are designed to help developers create innovative applications quickly and more easily than was previously possible. The Elektron API family is a response to customer interest in open source APIs that can be...
Fidessa Moves Into Low Latency Technology with Direct Market Access Platform
Fidessa has made its first move into the low-latency, low-touch trading technology market with a low-latency direct market access (DMA) platform that is delivered as a managed service and aims to provide brokers with high-performance, scalable and consistent access to global equity and derivatives markets. The platform is the first service to emerge from Fidessa’s...
Orc Teams Up with Galaxy Futures to Offer Access to Chinese Markets
Orc has teamed up with Galaxy Futures Co. to allow its customers to trade on Chinese markets using Galaxy’s exchange memberships. This is Orc’s first joint offering with a local broker in China and builds out its Asia-Pacific strategy of developing close cooperation with regional brokers. The cooperation between Orc and Galaxy integrates Galaxy’s gateways...
Talking Intelligent Trading with Andrew Delaney: Approaching the Low-Latency Endgame?
We’ve been tracking the developments in the high frequency trading technology space since the launch of Low-Latency.com in 2006 or thereabouts. Now retired and living near Heathrow – or rather, reincarnated as Intelligent Trading Technology – she watches with interest as the superfast aspect of our marketplace finally approaches the endgame, where physics finally says...
Mirror Blockchain-Based Trading Platform Gets $8.8 Million Funding
By Zoe Schiff The idea that blockchain technology can aid in the development of real world trading technology gained more credence this month with the news that Mirror – a trading platform operator formerly known as Vaurum – has received $8.8 million in Series A funding from investors led by Route 66 Ventures. San Francisco-based...
Symbiont Sets Out Plans for its Smart Securities Technology
Symbiont is planning to issue its first private equity shares as smart securities on the bitcoin blockchain next month with a view to demonstrating its capabilities to financial institutions interested in programmable securities that are stored on a cryptographic distributed ledger called a blockchain. Beyond the demonstration, the company aims to offer a service based...
Electronifie Provides All-to-All Platform for Corporate Bond Trading
Electronifie is challenging problems of liquidity and information leakage in the US corporate bond market with an electronic trading platform that connects buyers and sellers directly but anonymously, limits market impact and generates liquidity. The company was set up by former Goldman Sachs trader and SEC executive Amar Kuchinad in downtown New York in March...
Talking Intelligent Trading with Andrew Delaney: The Flash Crash Blame Game
As you know, we don’t often wade in on macro market structure issues, preferring instead to stick to our proverbial knitting: trading infrastructure that uses high-performance technologies to introduce some smarts. But the recent arrest of a culprit in the authorities’ long-running efforts to assign blame for the May 6, 2010, so-called Flash Crash –...
NanoSpeed Cuts Trading Latency with FPGA Based Nano-Gateway
NanoSpeed has halved the latency of its first FPGA based trading gateway with the addition of Nano-Gateway, an FPGA including interfaces for up to 32,000 trading algos, market data feed handlers, pre-trade risk checks, limits that can be changed on the fly, and the ability to deliver client orders to an exchange in less than...