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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…
Will NYSE Tussle Turn NASD?
Keeping abreast of the to’ing and fro’ing between the various entities vying for control of NYSE Euronext has added a certain piquancy to simultaneously hosting a panel discussion on Optimising Latency in a Fragmented World at our Business & Technology of Low Latency Trading events this month in London and New York. Assessing the connectivity…
A Low Latency Cocktail from The Brewery
Last week, I chaired A-Team’s first Business & Technology of Low-Latency Trading event – #BTLLT for the twittersphere – at The Brewery (a former Whitbread Brewery, it’s now an established events venue), and these are a few geeky highlights from my day. Starting with the toy I wanted for Easter … it’s called RoboTrader from…
Data Quality on the Brain
The last thing I expected to hear during a panel on low latency technology deployment at this week’s Business & Technology of Low-Latency Trading (catchily dubbed BTLLT by fellow A-Teamers) conference in London was speakers talking about reference data quality. But that’s what happened. Everywhere I go people are talking about data quality. They might…
Would Google Really Buy Thomson Reuters Markets?
The idea that Google would be interested in – and is indeed seeking to – acquire Thomson Reuters Markets first came to my attention at the London Stock Exchange, oddly enough. I was there for a function, and after a panel discussion about the future of the exchange marketplace, I got chatting with a gentleman…
RIMES Joins the NASDAQ OMX Elite Index Data Partnership
RIMES Technologies Corporation today announced that it has become an Elite Index Data Partner of NASDAQ OMX, the world’s largest exchange company and benchmark index provider. All NASDAQ OMX indexes will be available via the RIMES Benchmark Data Service (BDS), the fully managed data service which takes care of clients’ entire benchmark data workflow, improving…
A Recurring Refrain
Pattern recognition is obviously a handy skill to have when dabbling in the financial markets, but it’s not something often applied to regulatory developments. However, the eagle eyed of you out there may have spotted a theme and a recurring refrain within a whole host of recent regulatory papers, including the MiFID Review, UCITS IV,…