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NYSE Technologies Names Connectivity Providers for Basildon Liquidity Centre

NYSE Technologies has named Colt, euNetworks and Verizon as connectivity providers for co-location customers accessing NYSE Euronext’s European liquidity centre in Basildon, Essex. The trio will supply connectivity to NYSE Euronext’s Secure Financial Transactions Infrastructure (SFTI) access centres, enabling co-location customers to then use the NYSE Technologies’ SFTI Optic service to ensure low latency access…

The Market Data Cloud @ SIFMA

Like many of you, I’ll be at SIFMA next week. I have a full schedule of meetings on Tuesday and Wednesday, but on Thursday I am at the A-Team booth (#2101) in the Grand Ballroom all morning – from 9am to Noon. So come by and say hello. Also, on Wednesday, I am taking part…

SEC’s HFT Proposals Could Boost Tech Vendors’ Fortunes

High-frequency trading is high on the agenda of the Securities and Exchange Commission (SEC) and two recently proposed rule changes could lead to a boon for technology providers. However, industry insiders caution that the SEC must be careful not to leak any intellectual property data it may gather from its increased surveillance of high frequency…

Nomura Launches Collocation Facility Using Colt’s Network Infrastructure

Nomura has selected Colt to provide network infrastructure for its new European connectivity and collocation service. The Nomura initiative comes as the Japanese firm seeks to build on the strong European equities position of Lehman Brothers, whose European and Asian operations it took over a year ago. Nomura calls its new infrastructure a “next-generation ultra-low-latency…

It’s Getting Better …

… Getting better all the time. That’s my assessment of the economy as far as spending on IT by Wall Street is concerned. Sorry, having just picked up the remastered Beatles classic Sgt. Pepper’s Lonely Hearts Club Band, I couldn’t resist tapping Lennon/McCartney’s track 4 title for this blog post. I’ll offer just a couple…

Issue 7: Low Latency – Are You Performing?

Low latency technologies continue to be deployed by the financial markets – driven by the need to adopt them simply to stay in the trading game, and hopefully win at it. But low latency covers a wide range of components – from networks, to server hardware, to operating systems and middleware, to middleware, and to…

NYSE Technologies to Facilitate Low-Latency Trading

Moving forward on a strategic vision championed by CEO Duncan Niederauer, NYSE Euronext has created NYSE Technologies, a new company with a remit to commercialise the exchange group’s technical solutions, intellectual property and operational capabilities and sell them to other exchanges, liquidity venues and market participants. The company is headed by industry veteran Stanley Young,…

Q&A: Steve Gleave of Endace on Latency Monitoring

In the news yesterday as a result of its global partnership with Reuters, Endace’s technology – coupled with that of partner Trading Metrics – underpins the Reuters Latency Monitor. But just who is Endace, and what does their technology really do? IntelligentTradingTechnology.com talked to Endace vice president of marketing Steve Gleave to find out more…

Standing Settlement Instructions: Bringing the Poor Relation of Reference Data into the Fold

Awareness of the fact that missing or inaccurate standing settlement instructions (SSIs) are a major inhibitor to true straight-through processing (STP) is as long-standing as the industry’s focus on STP itself. Problems with SSIs are still the biggest single cause of reference data-related trade fails, which themselves are the second biggest cause of fails behind…

The Impact of MiFID

Markets in Financial Instruments Directive (MiFID) has been described as pure cost pain for little liquidity gain by some. What might the impacts be for the financial services firms in terms of conduct of business, data management and best execution and order-handling processes? asks Dr Anthony W Kirby, Fellow of European Think Tank Promethee and…