TradingTech Insight Blogs The latest content from across the platform
Thomson Reuters Markets: Biff, Bang, Pow(ell)
No sooner had the ink dried – metaphorically speaking – on Shanker Ramamurthy’s appointment as head of Thomson Reuters Markets’ Sales & Trading group, than news wafted its way across the Atlantic of Roseann Palmieri’s departure as head of Enterprise content. Palmieri, you’ll remember, was hired as part of Thomson Reuters’ drive to bring those…
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…
High Volume, Low Anxiety
In the time that it takes you to read this sentence, approximately 10,000 equity orders and quotes will be sent to the main European equity venues. Approximately 75% of those messages, according to the Financial Times, will be high-frequency trades: short-term positions held for a period of milliseconds or, at most, seconds, and every one…
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…
Thomson Reuters Finally Fills S&T Top Slot
Filling a longstanding void at the top of its Sales & Trading business unit, Thomson Reuters has named former IBM general manager for banking and financial markets Shanker Ramamurthy as president, Sales & Trading, effective June 20. The top slot at Thomson Reuters’ largest operating unit, with revenues of $3.5 billion and 2,700 staff, had…
GS1 Continues its Campaign to be Selected as OFR’s Standards Administrator
ISO may be the bookie’s favourite to be selected as the Office of Financial Research’s (OFR) standards provider, given its expedited drafting of a legal entity ID standard and its recent selection of Swift as its registration authority for that standard, but that has not deterred standards body GS1 in its own bid to become…
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…
SEC Proposes Amendments to Remove Credit Ratings References in Several Rules Under the Exchange Act
In keeping with its ongoing crackdown on the credit ratings agencies, the Securities and Exchange Commission (SEC) has this week voted unanimously to propose amendments that would remove references to credit ratings in several rules under the Exchange Act. This is all part of the requirements contained in Dodd Frank to remove references to credit…
SIX Telekurs’ Filanowski Highlights the Biggest Data Challenges of Dodd Frank
The Dodd Frank Act contains a whole host of new and different data requirements in terms of reporting formats and potential standards, but how will all of this impact the practitioner and vendor communities directly? Reference Data Review speaks to Paul Filanowski, US product development at SIX Telekurs, about the changing US regulatory scene and how it…