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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…
Q&A: Telx’s Michael Cattell on Co-Lo in Chicago, and Trading Ecospheres
With a recent expansion of its Chicago facility, Telx is continuing to make news in the hot market for co-location services. IntelligentTradingTechnology.com caught up with the company’s vice president for financial services Michael Cattell to get the background to the Chicago expansion, and to find out more about Telx’s trading ecosphere. Q: You recently announced…
FinCen Proposes New Electronic Format and Data Field Amendments for Unified Currency Transaction Reports in the US
In keeping with its work to move from paper-based to electronic reporting formats, the Financial Crimes Enforcement Network (FinCen) has published a list of proposed new data fields to be added to firms’ currency transaction reports, as required under the US Bank Secrecy Act (BSA). Industry participants have until 28 March to provide feedback on…
Q&A: Cogeco Data Services’ Virginia Brailey on Low Latency North of the Border
When it comes to low-latency hot spots, it’s not all about NYC, and not even just about the US. Our neighbors to the north have plenty going on too in terms of electronic exchanges and new marketplaces. And there are local vendors, such a Cogeco Data Services. IntelligentTradingTechnology.com talked to Virginia Brailey, vice president, marketing…
A Dose of Latency Nourishment
Plenty of food for thought this week for those of us who need to think deeply about latency. No, A-Team isn’t wrestling with how to squeeze out interparty latency, cut the tails of its jitter curves or ensure ROI on new high-speed venue connections (although we know many of you are). No, our current deep…
Q&A: SpryWare’s Daniel May on Boosting Ticker Plant Performance
Chicago-based SpryWare recently announced its ticker plant can process 10 million messages per second. IntelligentTradingTechnology.com talked to the company’s co-founder Daniel May about the market data explosion, how SpryWare is responding, and trends for 2011. Q: The latest capacity test on your MIS ticker plant show that it can process 10 million messages per second….
Smoke or Fire in Latency M&A?
It’s surprising how market downtime – that is to say the just-passed holiday period – continued to generate tittle-tattle, which of course we were able to monitor from the southern tip of Europe thanks to the modern marvel that is the iPhone. Tittle-tattle it may be, but something is afoot in the low-latency connectivity space….
Hibernia Secures $250 Million for Project Express
Hibernia Atlantic has secured a $250 million financing commitment for Project Express, its planned transatlantic low-latency connection for high frequency traders. The funding, from one of its vendors, Huawei Marine Networks Co., allows Hibernia to proceed with what it anticipates to be the fastest trading link between New York and London with expected latency of…
What to Expect in 2011
What a year it has been for reference data management. Data quality has been such a high profile topic that it was discussed during one of the US House-Senate conference committees and, across the pond, was also championed by the European Central Bank’s (ECB) president Jean-Claude Trichet during a number of speeches over the course…
Trading Places
The poaching of industry execs by the regulators has been a frequent occurrence over the course of this year and, if recent comments made by the Commodity Futures Trading Commission’s (CFTC) Scott O’Malia are anything to go by, a data management exec is soon to be poached to become the chief data officer (CDO) of…