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Q&A: RTI’s Sun on Latency, Throughput and Jitter in Volatile Markets
The financial markets haven’t seen anything like the last couple of months. But what does the shakeup mean for the world of low latency and the vendors servicing it? IntelligentTradingTechnology.com talked with Realtime Innovations‘ Director of Financial Services Strategy and Product Management Henry Sun to find out where the action is now. IntelligentTradingTechnology.com: The last…
American Bankers Association and SEC Discuss Fair Value Accounting
The American Bankers Association (ABA) is currently engaged in discussions with the Securities and Exchange Commission (SEC) regarding fair value accounting under the current market conditions. The two bodies are conducting the talks during two scheduled roundtable discussions this week. Aubrey Patterson and Randy Ferrell, both representatives from the ABA, have voiced concerns over the…
McCreevy Adds His Voice to Debate on CDS Clearing Counterparty
Originally appeared in MiFID Monitor European Union internal markets commissioner Charlie McCreevy has added his two pennies worth to the debate on the introduction of a clearing counterparty for the credit default swap (CDS) market by urging European players to get involved. McCreevy is concerned that Europe may be left behind in the race to…
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…