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....
Q&A: Brennan Carley of Spread Networks on New Services for New Customers
is rolling another connectivity service between Chicago and the NYC metro area – this time one that addresses the market that does not need the lowest latency, and which is more price sensitive. IntelligentTradingTechnology.com caught up with the company’s senior vice president of product marketing Brennan Carley to discuss the new service, the different requirements...
How Buying Fixnetix Is Truly a Risky Business
Hot on the heels of Colt’s protracted courtship of MarketPrizm comes yet another corporate action in our beloved low-latency infrastructure segment. This one caught us by surprise, but not because it was unexpected. It’s been expected for so long that we’d forgotten about it, to be honest. That Fixnetix was ‘for sale’ has been a...
With New Switches, Cisco Weaves a Low-Latency Trading Fabric
Moving up the value chain from networking provider to low-latency solutions partner, Cisco Systems will tomorrow announce its “High-Performance Trading Fabric” initiative, which provides reference architectures for “each step of an automated trade” for financial markets participants. Cisco’s architectures combine networking, compute and storage, and are based on the company’s recently introduced Nexus 3064 and...
The Race to Zero – Three Rules for Winning
Deutsche Boerse Group, one of the world’s leading financial exchanges, recently developed a new ultra-low-latency trading infrastructure linking Frankfurt to five other key worldwide trading centres. The target for the Frankfurt-London link was 5 milliseconds (0.005 seconds). Pushing the limits of how quickly computers can process instructions is the new battleground in finance. True zero...
Seeing Colt Through a Different ‘Prizm
While it may not be the biggest transaction, Colt’s agreement to acquire a majority stake in MarketPrizm, which finally materialised this week after months of speculation, gives the UK telecom services provider some teeth with which it hopes to bite off a larger chunk of the trading connectivity marketplace. No cash will change hands as...
Will NYSE Tussle Turn NASD?
Keeping abreast of the to’ing and fro’ing between the various entities vying for control of NYSE Euronext has added a certain piquancy to simultaneously hosting a panel discussion on Optimising Latency in a Fragmented World at our Business & Technology of Low Latency Trading events this month in London and New York. Assessing the connectivity...
A Low Latency Cocktail from The Brewery
Last week, I chaired A-Team’s first Business & Technology of Low-Latency Trading event – #BTLLT for the twittersphere – at The Brewery (a former Whitbread Brewery, it’s now an established events venue), and these are a few geeky highlights from my day. Starting with the toy I wanted for Easter … it’s called RoboTrader from...
More on Recent News from Spread Networks
I’m pretty focused on A-Team’s “Business & Technology of Low-Latency Trading” events coming up in London in less than two weeks, and in New York City at the month end. We’ll have Brennan Carley of Spread Networks on a panel in NYC, and so I’m reminded that Spread has put out a couple of interesting...
NYSE+Nasdaq … The Platform Play
So as somewhat expected, Nasdaq OMX is making a play for NYSE Euronext, pulling in IntercontinentalExchange as a partner, and offering a good premium over Deutsche Boerse’s bid. Regulatory issues – which are likely to be significant for both bids – aside, the Nasdaq/ICE bid looks credible on paper. But what does it say –...