Artha Provides Glimpse into Planned Trading Appliances; Will Leverage FPGAs and Network Packet Processors
Startup Artha Financial Technology is emerging a little from stealth mode to provide a few details of what it plans to be shipping early in 2012. Founded by Manoj Viswambharan, former head of the FPGA development team for the Global Arbitrage Trading group at Credit Suisse, Artha plans to deliver trading system appliances based on...
Nasdaq OMX Creating Ecosystem for Trading Tools Vendors, Licensing OMnet
Nasdaq OMX is creating a partner ecosystem of vendors that provide trading infrastructure tools, such as for latency monitoring and FIX testing, and has begun to license its OMnet messaging protocols to this community – including early members Correlix and Corvil. Ann Neidenbach, senior vice president of global technology products and services at Nasdaq OMX,...
London’s Big Bang in 1986 … The Beginning of the End
Note: This is a slightly updated version of an article I wrote five years ago for A-Team Insight, on the 20th anniversary of London’s Big Bang. I thought it was worth another airing … and while the latency of the time was more slow and low, some lessons in capacity planning can still be learned...
Q&A: Vikram Mehta of IBM System Networking – One Year In … New Low-Latency Products, OpenFlow, Comparisons to InfiniBand
Remember Blade Network Technologies? Well, a year ago it was snapped up by IBM, and given the charter to network IBM’s enterprise server and storage products, to provide a unified system. Trading firms – and exchanges – were big customers of BNT, so IntelligentTradingTechnology.com chatted to the company’s founder Vikram Mehta, now vice president, System...
Ullink Reduces Latency with Ouch, Teams with Fiberblaze
Ullink has added Ouch support to its UL IRIS+ pre-trade risk offering, reducing latency of checks from 3.5 microseconds previously attainable for the FIX protocol to just two microseconds. Ullink is leveraging FPGA-based network interface cards from Denmark’s Fiberblaze as part of its solution. Ouch is binary protocol developed by Nasdaq OMX, and supported by...
All Happening, Down Under
Having been granted the regulatory green light, Chi-X Australia is set to go live at the end of this month, as a competitor to the incumbent Australian Stock Exchange. The soft launch phase will begin with the trading of eight securities, and will then be expanded to all S&P/ASX 200 component securities and ASX-listed ETFs....
Q&A: Sidera Networks’ Maura Mahoney on Partnerships and New Data Centres
Barely a day goes by when there isn’t an announcement from one of several wide area connectivity players, which underpin the world of low-latency trading. Sidera Networks is one of those at the centre of the action, and IntelligentTradingTechnology.com caught up with Maura Mahoney, vice president for marketing and business development at the company, to...
CME’s Aurora Co-Lo: Quick Facts
The Chicago Mercantile Exchange opened its new data centre – housing the Globex matching engine – in August, 2010. Now it’s planning to add co-location services, beginning January 29, 2012. Here’s some more information … – The data centre is located in Aurora, IL – 40 miles west of the city. – It is a...
Options IT Taps Celoxica for Managed Futures HFT
Managed data and transactions service provider Options IT has tapped Celoxica to provide HFT trading services for futures trading in the U.S. and Europe. By leveraging Celoxica’s Container technology and providing requisite server hardware and connectivity, Options IT customers need just to provide the algorithm code, and can be operational within days. Celoxica’s recently-introduced Container...
Citi Deal Puts Fidessa Derivatives Platform on Global Map
Fidessa just bagged a big one. While its derivative platform has done well in Europe – around 50 customers to date – today’s announcement, made during the Futures Industry Association’s annual expo here in Chicago, of a worldwide rollout by Citi has put it on the global map. The managed service will provide initial low-latency...