TradingTech Insight Blogs The latest content from across the platform
Q&A: Activ Financial’s Frank Piasecki on Growth in 2010 and 2011
Activ Financial Systems had a busy year in 2010, adding customers, launching updated products and building out its internal network. IntelligentTradingTechnology.com talked to the company’s president and co-founder Frank Piasecki to find out more. Q: Activ added 90+ customers in 2010. Can you clarify that, and point to any key growth areas? A: Activ saw…
Trading on Unstructured Data 101 at SXSW
SXSW – for South by Southwest – is a massive festival of music, film and web-related technology that just got going here in Austin, TX. I’ve been attending now for a few years for the music shows, where the event got its start, 25 years ago. But nowadays the ‘Interactive’ side is bigger, and this…
Wall Street FPGA Applies Hardware Acceleration to FIX
Well, FIX Cancel messages, to be precise. A just-released white paper from Wall Street FPGA – a company whose focus is pretty self explanatory from its name – details how Field Programmable Gate Arrays (or FPGAs) can be used along with the open source QuickFIX engine to rapidly fire off cancel messages to matching engines….
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…