TradingTech Insight Blogs The latest content from across the platform
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…
Q&A: Mohammad Darwish of AdvancedIO on FPGA Directions
The electronic trading marketplace has been an early adopter of FPGA technology, most often to accelerate I/O and basic feed handling. Now, firms are looking to use FPGAs for more complex business logic. IntelligentTradingTechnology.com spoke to Mohammad Darwish, president and CEO of AdvancedIO Systems, about this trend. Q: Firstly, let’s find out some more about…
Endace “To Review Options” After Revenue Hit
In a trading update issued on Monday, networking and latency monitoring specialist Endace said that expected full year revenues would fall short of estimates by 10% and that it had appointed Deutsche Bank to “review options for the future.” That usually means a company is open to being – or looking to be – acquired….
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: Sumerian’s Bryan Clark on Big Data Analytics and Operational IT
For Sumerian, the focus is not so much on capturing and storing big data, but much more on analysing it to provide insight into how IT systems – especially for electronic trading – are working, how they might perform under load and how to tune them to make them both high performance and efficient. We…
Q&A: Lee Staines of Celoxica on Low-Latency Beyond Equities
Celoxica recently extended its hardware accelerated data feed and execution platform to include foreign exchange and fixed income markets. IntelligentTradingTechnology.com caught up with president Lee Staines to find out what’s driving the development. Q: Celoxica has added support for foreign exchange and fixed income to its market data and trade execution technology. What are the…
Increasing Trade Performance: A Quest for Lower Latency, or Simply Improved Monitoring?
Performance. We all grow up assessed for it. But in today’s trading environment, how can organisations balance increased regulatory requirements and maximise the efficiency of their core trading functions? Less operational resources means firms are challenged with creating more sophisticated business logic that differentiates them from the competition in the never ending quest for lower…