A-Team Insight Blogs The latest content from across the platform
SIX Financial Information Prepares Data Solution for Fatca Compliance
SIX Financial Information has joined the growing band of market data vendors preparing to meet the reference data requirements of the US Foreign Account Tax Compliance Act (Fatca). While Fatca regulation is not expected to be finalised until next year, ahead of the act coming into effect on 1 January 2014, SIX Financial Information is…
Talking Reference Data with Andrew Delaney: LEI Progress Report 4
In a fourth progress note on the development of a global legal entity identifier (LEI) system, the Financial Stability Board (FSB) has named Switzerland as the likely home of the global LEI foundation that will operate the LEI system’s Central Operating Unit (COU). It also set out the preliminary criteria for the selection of a…
Emulex Expands Low-Latency Offerings
Emulex isn’t the first company that comes to mind when thinking of low-latency network vendors, but through a series of actions it’s making an increasing contribution to the technology underpinning automated trading. The latest development was last week’s announcement that it is to acquire latency monitoring specialist Endace. Founded in 1979 and with current revenue…
Messaging Challenges Over The WAN
Many global companies, especially in the front office of capital markets, have a strategic need to send real-time data from one location to another, often thousands of miles away, over a Wide Area Network (or WAN) connection. With foreign exchange, for example, global investment banks send dealable streaming prices, orders, trades, and reference data across…
Broadridge’s Access Data Accelerates Processing with EMC Greenplum
Broadridge Financial’s Access Data unit is speeding up its data processing using EMC’s Greenplum Unified Analytics Platform. Using Greenplum, processing of a four billion record data store that once took eight hours to complete now just takes minutes, enabling Access Data to provide its clients with greater visibility into how assets are generated, allowing them…
Cloudera Raises $65 million For Enterprise Expansion
Hadoop platform distributor Cloudera has raised $65 million in additional funding to support global expansion, product development and enterprise adoption of its platform. The funding round was led by early backer Accel Partners, with support from existing investors Greylock Partners, Ignition Partners, In-Q-Tel and Meritech Capital Partners. This new funding brings to $140 million the…
Dell Boosts Server Performance For Algo Trading
Dell has introduced a self-installable firmware upgrade to its PowerEdge servers that boosts their CPU performance by 13% to 31%, while also reducing jitter. The Dell Processor Acceleration Technology (DPAT) upgrade has already been tested by firms engaged in algorithmic trading with significant results. Oh, and the upgrade is free. The upgrade consists of a…
Interactive Data Adds Corporate Actions Options to Apex Delivery Platform
Interactive Data is migrating its corporate actions data services to the Apex XML-based reference data delivery platform it introduced in October with a view to meeting growing market demand for automated solutions and emerging demand for corporate actions information not only in the back-office, but also in front-office trading and risk management applications. The company’s…
Talking Reference Data With Andrew Delaney: If It Ain’t STP, It Ain’t Worth a F*%£!
Elvis Costello is playing Southend Cliffs Pavilion next June and I’m getting tickets. Last time I saw him at the Cliffs was probably 1980 or thereabouts. (Last time I saw Chelsea lose 3-1 to West Ham [Yes, we were there Saturday] was 1973; Bobby Moore scored. But that’s a different matter….) Needless to say, he…
NLX Leverages Genium Inet, Equinix For Low Latency
Nasdaq OMX’s planned London-based NLX derivatives exchange will leverage the exchange group’s own Genium Inet technology to ensure low-latency matching. The exchange will base its primary matching engine at Equinix’s popular LD4 facility in Slough, west of London, where co-lo facilities will be available. When it begins operating in Q1 of 2013 (if the regulators…