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A Low-Latency Network For Less – Is Crowdfunding an Answer?
Newark, NJ startup Low Latency Group is recruiting trading firms to fund development of a hybrid microwave and fibre network, using a crowdfunding model that could appeal to smaller operations that are looking for lowest latency but at a lower cost. True, the $5 million that the group is seeking – from just eight firms…
Andrew’s Blog – The Hard Slog That Is Valuations
Great session on transparency in OTC securities at Andaz this week at a breakfast hosted by Interactive Data and featuring a practitioner panel moderated by our own Angela Wilbraham. It’s always refreshing to hear a frank exchange of views, and the panel – including BNP Paribas’ Peter Nowell and HSBC’s Chris Johnson – gave an…
Summit Report – Latency Measurement Vendors – Nasdaq Wants You!
If you work for a vendor of latency measurement technology, then you should have attended the Low-Latency Summit in New York City the other week. During the pre-lunch keynote, Nasdaq OMX principal technologist Dominick Paniscotti outlined efforts at the exchange group to measure – and so reduce – latency, and also put out a call…
OTC Reform Causing ‘Big Data’ Challenge
By Ciaran Henry, US country manager for Rule Financial In 30 years the OTC derivatives landscape has not faced such sweeping changes as it does today. Dodd-Frank, EMIR and the Volcker Rule are all new regulations in the capital markets devised to protect US and European consumers from ‘bailing out the banks’ again. As these…
Advent Software Expands EMEA Team to Meet Growing Demand
Advent Software, a leading provider of software and services for the global investment management industry, has more than doubled the number of certified project management and consulting team members supporting clients in Europe, the Middle East and Africa during the past 12 months. The team now includes more than 65 qualified Advent consultants and implementation…
Summit Survey – Thomson Reuters’ Kelly Explores Technology Drivers, Focus, Buy vs. Build
Delivering the opening keynote for last week’s Low-Latency Summit in NYC, David Kelly, Thomson Reuters’ CTO for Enterprise Solutions, put the audience response system to good use, polling the standing room only crowd on a number of key questions … covering technology drivers and focuses, and also on buy versus build, where the result was…
Patrick Williamon Joins XSP as Quality Assurance Manager
XSP, the global leader in automated end-to-end Corporate Actions solutions, today announced that Patrick Williamon has joined the Company as a Quality Assurance Manager. This appointment has been further supported by new hires within its Quality Assurance and Development teams. Williamon joins XSP as the Quality Assurance Manager, responsible for running the day-to-day operation of…
Markit Boosts Index Business Scalability with XSP CA Platform Upgrade
Markit’s renewal and extension of its corporate actions processing platform deal with XSP will allow it to expand its operations to serve more customers and make more calculations while maintaining accuracy and timeliness. As part of the renewal, Markit has added XSP’s Headline Indices functionality to the XSP v5 platform it operates in-house. According to…
Low Latency Taking Off in Latam
The news this week that Direct Edge is planning to set up shop in Rio de Janeiro is indicative of the growing importance of Latin America as a financial trading region, and one where low-latency technology is playing a leading role in transforming the marketplace. And the action is not just happening in Brazil, with…
Exegy Adds B-Pipe; Integrates Consolidated and Direct Data Feeds
With the integration of Bloomberg’s B-Pipe, Exegy is supporting its first consolidated data feed on its ticker plant appliance, augmenting the direct data feed coverage that it already offers. The implementation is already live at one hedge fund customer in London, say company execs. B-Pipe offers coverage from “250 exchanges and thousands of data sources…