Q&A – From Yesterday’s London Low-Latency Summit
Industry experts in the morning panels at yesterday’s Low-Latency Summit in London responded to a number of questions posed by moderator Pete Harris of IntelligentTradingTechnology.com. Here is some of the wisdom shared … Q: Trading firms want to be smarter, leveraging technology to be wiser with respect to their trading strategies. Do you agree? Where...
Bats Apologises for System Glitch; Confirms Opening of Own Symbol Was Cause
Bats Global Markets sent a message to its members from CEO Joe Ratterman on Sunday night, noting: “Bats experienced a serious technical failure Friday morning and I want to apologise for not measuring up to the level of excellence that you have come to expect from us. You undoubtedly have heard that we experienced a...
Coping with the Need for Speed
The need for fast trading is nothing new. The origins of low latency trading are traced to the arbitrage desks of the 1990s, where speed and firepower were directly used to ‘pick off’ mispriced products. It wasn’t long before other markets caught on. Equity markets require low latency because of the widespread use of algorithms...
Bats Glitch Caused by Own IPO?
It looks like the trading problem earlier today at Bats Global Markets was caused by commencement in trading of its own shares following its IPO. In a “Post-Mortem” message sent to its members, the exchange said that: “a single matching engine handling symbol range A-BFZZZ encountered a software bug related to IPO auctions which rendered...
Hardware Acceleration Targets FX HFT
Recent announcements by both Celoxica and Redline Trading Solutions point to increasingly latency-sensitive high frequency trading strategies being deployed in the foreign exchange markets. To date, hardware acceleration has been focused on equities, futures and options trading. Celoxica has in fact added support not only for FX but also fixed income markets to its Generalized...
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...
Q&A: Interactive Data’s Scott Caudell on Co-Lo and Managed Services
Managed service delivery in the low-latency world is an increasing focus as trading firms begin to measure ROI for their IT investments. IntelligentTradingTechnology.com spoke to Scott Caudell, vice president, IT Infrastructure, at Interactive Data, about its 7ticks business, and where it fits in. Q: To begin with, can you outline what the Interactive Data 7ticks...
Latency in Electronic Trading
With the majority of financial products trading electronically, latency tops the agenda for proprietary traders and market-makers, regardless of asset class. Latency has also become a major preoccupation for trading desks concerned with best execution compliance. 94% of sell-side firms and 80% of hedge funds currently single out “speed of execution” as the most important...
NYSE and Fixnetix Combo Accelerates Global Rollout of “Frictionless” Market Access
So, in the wake of NYSE Euronext’s failed merger with Deutsche Borse, executives at the exchange group are clearly embarking on a Plan B. Part of that is the deal it announced on February 16, which will see it take a 25% stake in Fixnetix, a provider of co-located, managed services for low-latency market data,...
Q&A: Art Novikov on the Sweet Spot of High Performance Market Data Processing
Building systems for low-latency market data integration with trading systems requires a rare combination of technology skills and financial markets understanding. IntelligentTradingTechnology.com talked to Art Novikov, founder of Trading Physics, which leverages that combination for its customers – whether they be vendors or market participants. Q: First off, can you explain what Trading Physics does,...