TradingTech Insight Blogs The latest content from across the platform
Financial Information Forum Highlights the US$250m Cost of New Options Symbology, Finds Industry Dissatisfaction with Lack of Agreed Standards
The majority of industry participants are disappointed and frustrated that an agreement has not been reached on an alternative standard to the Options Price Reporting Authority (Opra) code, according to a recent study by the Financial Information Forum (FIF). Mary Lou Von Kaenel, managing director, management consulting at New York-based consultancy Jordan & Jordan, which…
MTF Operators Join Forces to Form Pricing Data Working Group
Originally appeared in MiFID Monitor Multilateral trading facility (MTF) operators Chi-X, Turquoise, Plus Markets and Nasdaq OMX have formed an informal working group to examine the potential of establishing an alternative source for pricing and market data. The agreement between the various parties is a reaction to the fragmentation of the equity markets under the…
Firms Should Review Data Management in Light of Increasing Volumes, Says JWG-IT
Originally appeared in MiFID Monitor A new white paper published by London-based think tank, JWG-IT, calls on firms to change the way they look at data management in light of ever-increasing equity order volumes and execution venues. It includes findings from recent surveys in London and Frankfurt where 78% of firms rated overcoming the cost…
A Closer Look at Achieving Low Latency in Real-Market Environments
In the new era of microsecond latency, is the quickest path between two points a straight line? Traditionally, messaging implementations aim to move information between publishers and subscribers by the most direct means possible, which often becomes the argument against legacy centralised, middleware messaging and queuing systems. Proponents of direct-connect, peer-to-peer messaging systems contend that…
Messaging Platforms and Hardware Choices: General Purpose or Accelerated?
Hardware-only vs hybrid vs software-only approaches to handling high data volumes with ultra low latency – Is there a clear winning approach or is the solution dependent on the specific application? Everybody uses hardware for messaging. The real question is: general-purpose or special-purpose hardware? Even special-purpose hardware starts life as software (e.g. VHDL code) which…
Q&A: Endace’s Paul Doyle on IEEE1588 and More …
Before one can accurately measure latency across a network, it’s important to make sure that all the devices connected to that network are running to precisely the same time. Endace recently rolled out support for the IEEE1588 specification, designed to achieve that synchronisation. And alongside the technology, the company also launched its new positioning as…
ISDA Approves BGC Partners’ Swaps Pages as Pricing References
The International Swaps and Derivative Association (ISDA) has formally recognised interdealer broker BGC Partners’ euro interest rate swap (EUR) and US dollar (USD) interest rate swap pages as price references. The pages will be snapshots of real-time BGC screens taken at a predetermined time daily. ISDA documentation governs the terms to confirm, mark, assign and…
NewRiver Joins XBRL US as Part of Plan to Simplify Financial Disclosure
NewRiver, a US provider of a central repository of mutual fund documents and data for financial services firms, has joined XBRL US, the national consortium for XML business reporting standards. The firm has joined the consortium in order to help the industry simplify financial disclosure, according to Russ Planitzer, president and CEO of NewRiver. The…
FOW Tradedata Launches MiFID Compliant Futures and Options Symbology
Originally appeared in MiFID Monitor Futures and options reference data vendor FOW Tradedata has added symbology for prescribed European futures and options markets under MiFID’s mandatory transaction reporting requirements to its Xymbology service of Alternative Instrument Identification (AII). Gregg Whitbread, product manager for Xymbology, explains: “It was a natural extension of FOW Tradedata’s service offering…
Check Out the New Intel fasterFS Website
The timing could not be better for the relaunch of Intel’s financial services website – IntelfasterFS.com. Not only is it going live just in time for the Sifma show, where Intel will be holding both breakfast and evening events focused on low latency technologies, but it also has the latest Intelligence in Finance newsletter for…