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Market Participants Fund Research in Supercomputing/Data Intensive Science For Financial Markets
A number of financial market participants are funding research into the use of supercomputing and data intensive science directed at improving the stability, regulation and enforcement of U.S. markets. The $100,000 funding is being directed to the Centre for Innovative Financial Technology at Lawrence Berkeley National Laboratory. The funders are Tudor Investment Corp., AJO Partners,…
IBM Grabs Texas Memory Systems
IBM is acquiring Texas Memory Systems, which sells RamSan solid state memory appliances and PCIe cards. Terms were not disclosed, though privately-held TMS has been looking for an acquirer for some months in order to scale its business. IBM is already a reseller of TMS products, though TMS has such relationships with many companies, including…
Corvil Pushes Latency Management Towards Big Data
With an effective storage capacity of 60 terabytes, Corvil’s new CNE-7300 latency measurement appliance can retain tick data over an extended period, potentially making it useful as a data archive for ‘big data’ applications beyond latency management. According to Donal O’Sullivan, head of product management at Corvil, the CNE-7300 will likely be able to store…
Considerations for Low Latency in Asia Pacific – Part 1 – Growth and Drivers
Asian markets are undergoing a paradigm shift as they mature, grow and react to the redistribution of global wealth. Markets in the US and Europe have been undergoing rapid change over the last few years with volumes rising, spreads tightening, and significant growth in high frequency and algorithmic trading, together with widespread regulatory change. Some…
CICI Utility Goes Live in Preparation for CFTC’s October OTC Reporting Rule
The initial implementation of the DTCC’s and Swift’s CICI Utility Portal has gone live at https://ciciutility.org. The release of the site – which aims to support Phase 1 of global assignment of the CFTC’s Interim Compliant Identifiers by providing timely and accurate entity records – comes a month after the DTCC and Swift were named…
New AvoxData Legal Entity Portal to Host Value-Added Data Sets
Avox’s new enhanced legal entity data portal, released last week at www.avoxdata.com, will provide the preferred delivery system for Avox as it integrates value-added data sets to its core identifier offerings. The new capability – not to be confused with parent DTCC’s planned legal entity identifier utility scheduled for imminent release – gives clients secure…
Q&A: August’s Low Down on Latency with Pete Harris
Continuing the monthly Q&A where I cover some of the questions I get asked as I interact with the IntelligentTradingTechnology.com community … from Knight Capital to Correlix to wireless. Q: How much was low latency technology to blame for the huge trading loss at Knight Capital? A: Blame? Not at all in my book. For…
Cisco Readying New Nexus 3500 Low-Latency Switch
Details are scarce but a mid-September launch for Cisco Systems’ new Nexus 3500 top-of-rack switch is in the cards, a product that will reduce latency significantly compared to its current offerings. Cisco execs aren’t denying the switch is coming, but neither are they spilling the beans. Press coverage suggests the 3500 will have port-to-port latency…
Big Data – The Other Side of Low Latency
We write a lot here about the latency of moving data from point A to point B. But latency is also inherent in the processing of that data at points A and B. Most likely, the processing of data is a more complex undertaking than transporting it. And that’s where big data comes in. For…
Infochimps Rolls Platform Update; Adds Realtime, Streaming Capabilities
Infochimps has released version 1.1 of its cloud-hosted Big Data Platform, adding the capability to connect to streaming data. The updated Data Delivery Service – based on Apache Flume – allows the platform to connect to enterprise data sources via either out-of-the-box or custom-developed connectors. Within the DDS is the ability to process data streams,…