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Collaborating To Make FIX Go Fastest

It used to be that when FIX protocol communication was needed, a trading firm would simply buy an off-the-shelf gateway/engine, install it and treat it as a black box, much like a network router. But with the advent of multi-asset class automated trading – including algo and HFT – firms are looking to optimise the…

Options IT Deploys Virtual Exchange from FIN

Managed services provider Options IT has gone live with an order matching service from Fundamental Interactions, with two initial customers – a broker/dealer and an Alternative Trading System – with early trade flow of around 60 million shares per day. Deployed on the Options PIPE managed infrastructure – which offers co-located infrastructure, access to market…

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…

Ahead of the Low-Latency Summit, Here’s Some Background Reading

Unless you’ve been living on Mars (and sadly it looks like a Russian space probe will not be visiting soon), then you’ll know that next Thursday I am hosting the Low-Latency Summit in New York City. If you are in fact a Mars resident, then you’ve just a few days to register online (it closes…

Bats Adds Binary

Bats Europe that is, which just added a binary protocol for order execution to the FIX protocol that it already supports. The new facility reduces latency that’s inherent in the more verbose FIX connectivity. A full suite of order types will be available using Binary Order Entry, so trading firms can opt for one or…

A Replay of the London Low-Latency Summit …

We’ve uploaded audio from the morning sessions at the London Low-Latency Summit, which took place on September 26th … there’s some great listening and learning to be had … Also attached are slides from Bjorn Carlson of Nasdaq OMX, who presented a keynote. Keynote Discussion with Ben Stephens of Nomura International. Keynote with Bjorn Carlson…

Fast-Paced Futures

Whether you are trading Eurodollars in Chicago, FTSE 100 futures in London or Nikkei contracts in Tokyo, there is little to distinguish the style of listed futures and options trading or the regulatory requirements involved. From the trader’s perspective, the hundreds of thousands of instruments and the multitude of exchanges on which they trade are…

SIFMA 2011 – Booth 1101 – What to Expect

Today is the first day of the annual SIFMA show. And each year since it’s been run at the Hilton, Booth 1101 is the very first one that punters encounter following registration. So in some respects, it sets the tone for the entire trade show, and perhaps what is hot in the financial technology marketplace….

Viewpoints on Latency – I Am Not a Number – May 2011

The “Three Ms of Latency” are a set of essential steps that turn the data that’s derived from a roster of tools – including those from contributors Corvil and TS-Associates – into meaningful, actionable information that can be leveraged to boost one’s business. The Three Ms of Latency are: Measure, Monitor and Manage. It all…

A Low Latency Cocktail from The Brewery

Last week, I chaired A-Team’s first Business & Technology of Low-Latency Trading event – #BTLLT for the twittersphere – at The Brewery (a former Whitbread Brewery, it’s now an established events venue), and these are a few geeky highlights from my day. Starting with the toy I wanted for Easter … it’s called RoboTrader from…