Datacom Taps Formby, Releases Matrix Switch for Co-Lo
Datacom Systems – a vendor of network taps and matrix switches – has appointed Kevin Formby as its new president and CEO. Formby joins from packet capture/latency monitoring specialist Endace, and as such brings with him much experience of the financial markets vertical in general, and low-latency infrastructure in particular. On the heels of Formby’s on-boarding,...
Direct Edge Taps Xignite for Historical Data Cloud
Stock exchange Direct Edge has launched EdgeBook Cloud, an on-demand service providing depth-of-book historical trade and quote data from its EDGA and EDGX markets. The data is delivered via Xignite’s cloud-based infrastructure, and is targeted at market analysis, back-testing, and compliance applications. There are three delivery options: “Our goal is to make EdgeBook Cloud the...
Exchange Co-Lo Update: CME, Nasdaq
The last week or so has seen significant action in the world of exchange co-location – a space (excuse the pun) that as a whole is hotter than ever – with happenings at CME Group and Nasdaq OMX. The news – though there was no actual news release – from CME Group was the planned...
Q&A: Alice Botis of Fidessa on Latam Trading – Opportunities and Challenges
Electronic trading in Latin America continues to be a hot subject, with action moving beyond Brazil to other countries. IntelligentTradingTechnology.com spoke to Fidessa’s head of business development for the region, Alice Botis, to get an update, and a handle on low-latency initiatives in the marketplace. Q: Can you start by some scene setting – where...
Brennan’s Back – To Head Elektron Platform
Brennan Carley is back at Reuters, albeit it’s now Thomson Reuters and no doubt it has changed a bit since he was last there in a strategy role, around 1999/2000. His new job is as global head of the Elektron platform, the company’s low-latency managed hosting/co-location business. Since his first stint at the company, Carley...
Bloomberg Opens Up Market Data Interfaces
As anticipated, Bloomberg is opening up the interface via which it provides market data to other market data and application vendors, on a free-use basis. It’s part of the vendor’s Open Market Data Initiative, which also extends to market data symbology, as previously announced. The interface in play is BLPAPI, which is already widely used...
Intel Expands Networking Clout with QLogic Buy … But What Impact on Trading Systems?
Intel’s planned acquisition of QLogic’s InfiniBand business – announced last week – further advances its general ‘world domination’ plans in networking. And while its aspirations go way beyond low-latency trading, expect a trickle down that will over time impact how automated trading systems are implemented. QLogic’s InfiniBand offerings – shortly to be owned by Intel...
Lime Brokerage Rolls LimeDirect Pre-Trade Risk; Minimises Latency, Shuns FPGA Technology
Lime Brokerage has rolled out its LimeDirect pre-trade risk service – providing compliance for SEC rule 15c3-5 while adding minimal latency. But unlike competitive services, the offering – which Lime officials say is based on an “innovative blend of hardware and software” – does not leverage FPGA technology, because Lime technologists believe it is too...
NYSE Technologies Goes Live with Dual Liquidity Centres in Toronto
NYSE Technologies has gone live with dual Liquidity Centres in Toronto, the latest in the rollout of its network of trading hubs, following on from its primary operations in Mahwah, NJ, and Basildon, UK, and the more recent opening in Tokyo. The Toronto liquidity centres provide co-located low-latency access to local markets, with one at...
Bats Sets Chi-X Europe Migration Sched; Taps Savvis Chicago for U.S. Backup
Bats Europe has set an end of April go-live date for migration of Chi-X Europe’s trading system, running on Bats technology at Equinix, near London. Separately, Bats Global Markets in the U.S. says it will house its backup trading systems at a Savvis data centre in downtown Chicago. Following the completed acquisition of Chi-X Europe...