TradingTech Insight Blogs The latest content from across the platform
McObject Adds Partners in U.K. and India
McObject, developer of the eXtremeDB in-memory database, is extending its sales reach and integration capability by partnering with Spreadbrokers in the U.K. and NSE.IT in India. Spreadbrokers based in London specialises in low-latency technology for financial markets, and will target buy-side and sell-side firms, with a focus on the data management aspects of portfolio optimisation,…
S&P Returns to Real-time with QuantHouse Acquisition
It was at the beginning of 2003 that Standard & Poor’s sold its real-time data feeds business – Comstock – to what was to become Interactive Data Corporation in order to concentrate on its then core businesses – ratings, evaluated pricing, reference data. Now, with a lot of water under the bridge, it’s back in…
Actian/Lenovo Team for Vectorwise Appliance
Actian and Lenova have announced the Vectorwise Data Mart Appliance, a hardware/software appliance aimed at hosting big data analytics. The package combines Actian’s Vectorwise columnar database, which has been tuned to run on Lenovo’s ThinkServer platform. Vectorwise has been written to leverage vector-based parallel processing and on-chip cache memory, which is faster to access than…
Taking Stock – The True Cost of Data
By David Renn, Principal Consultant, Citisoft The size of the data spend in financial services is astounding, but even more incredible is the lack of transparency and knowledge around these costs. Citisoft believes that the true cost of ownership of data is often unknown, inaccurate or poorly calculated. At a time when regulatory, client due…
Q&A – From Yesterday’s London Low-Latency Summit
Industry experts in the morning panels at yesterday’s Low-Latency Summit in London responded to a number of questions posed by moderator Pete Harris of IntelligentTradingTechnology.com. Here is some of the wisdom shared … Q: Trading firms want to be smarter, leveraging technology to be wiser with respect to their trading strategies. Do you agree? Where…
Arista Debuts Application Switch; Embeds FPGAs Into Network for Lowest Latency
Sun Microsystems might have coined the the slogan “The Network Is The Computer” but it is Arista Networks that is today delivering on the concept with its first Application Switch, which embeds FPGA processing into a switch so that business logic can really be run in the networking fabric itself with lowest-latency data access. With…
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…
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…