TradingTech Insight Blogs The latest content from across the platform
Canuck Exchanges Take Solace in Data Distribution
So Toronto’s TMX Group just let it be known that it’s using Solace Systems’ message routers to distribute its market data. That makes it the second Canadian exchange group to go public with such news, following CNSX Markets, which revealed its planned adoption last September. Neither exchange group had to travel far to find their…
Latency Monitoring Revs Up to Nanoseconds
“The Value of a Millisecond” – the title of a widely quoted April 2008 white paper by my esteemed industry colleague Larry Tabb – is now as obsolete a discussion as is the Renault F1 car that graced its cover. In the world of low latency – just as in F1 – three years of…
Q&A: Fidessa’s Justin Llewellyn-Jones on Hosting and Latency
An increasing number of execution systems vendors are now offering their products as hosted services, running them from their own data centres, and taking on the job of managing them, including keeping their latency low. Fidessa has been doing this for some time. IntelligentTradingTechnology.com caught up with the company’s managed services head Justin Llewellyn-Jones to…
UK FSA’s Response to MiFID Warns Against a One Size Fits All Approach to Data Standardisation
The recent joint response by the UK Financial Services Authority (FSA) and the UK Treasury to the European Commission’s MiFID proposals indicates that the regulators are concerned that a “one size fits all” approach towards data standards may be applied to non-equity instruments, as the directive is expanded beyond equities. The response, which comes in…
Precise Time – A Data Centre Utility
Endace suggests the Commission should require any of these venues that offer co-location services to make GPS timing signals available to users of the venues at a “reasonable cost”. This has already been advocated in an article I wrote for Equinix’s Winter 2010/2011 Newsletter. If you missed it first time around, here’s a ‘reprint’: We’ve…
New Commodity Derivatives IDs Likely to Prove a Headache for Both the Industry and Regulators
As well as highlighting the legal entity identification challenges that the industry is likely to face as a result of the MiFID review, attendees to this week’s MiFID Transaction Reporting Group meeting also elaborated on the instrument identification challenges of the European Commission’s planned extension of the directive to cover the OTC and commodity derivatives….
CFTC’s Dunn Admits That Key Market Definitions are Missing from Reforms at the Outset
The Commodity Futures Trading Commission (CFTC) has spent most of the start of this year complaining about its dire situation with regards to funding, but this week saw definitive proof that the regulatory reform process is starting off down the wrong track, with the admission by CFTC commissioner Michael Dunn that the regulator is pushing…
Angela Merkel’s Trading Platform Decision
If you think Angela Merkel had a tough time convincing the German public to bail out Greece, think what she’s facing as she prepares to tell them that their beloved Xetra trading platform is relocating to a former Ford car park in Basildon, a desolate corner of Southeast Essex. For that is what almost certainly…
MiFID Transaction Reporting Group Meeting Highlights UK Specific Client and Counterparty ID Challenges
The UK is likely to face a significant challenge in the identification of clients and counterparties at an individual level on a national basis, as specified by the current proposals under the auspices of the MiFID review, according to participants at this week’s MiFID Transaction Reporting Group meeting. Rather than opting for firm level identification…
Aux Temps Perdus en Fleet Street
Just because we could, we took lunch on Fleet Street yesterday. I managed to squeeze in a quick haircut at the hairdressers just across the street from the Punch Tavern, then ambled over to Lutyens, the newish chi-chi restaurant housed at – yes, you guessed it – 85 Fleet Street. This building – designed by…