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Issue 5: Low Latency – Are You Performing?

Market data rates are skyrocketing. Just a few milliseconds make the difference between an optimal order fill and enough slippage to wipe out profit. New opportunities are opening up to leverage high frequency markets. New applications are being deployed atop of low latency architectures. Performance – in every sense – is key to playing in…

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…

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…

Issue 4: Low Latency – Are You Performing?

Market data rates are skyrocketing. Just a few milliseconds make the difference between an optimal order fill and enough slippage to wipe out profit. New opportunities are opening up to leverage high frequency markets. New applications are being deployed atop of low latency architectures. Performance – in every sense – is key to playing in…

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…

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…

Issue 3: Low Latency – Are You Performing?

Market data rates are skyrocketing. Just a few milliseconds make the difference between an optimal order fill and enough slippage to wipe out profit. New opportunities are opening up to leverage high frequency markets. New applications are being deployed atop of low latency architectures. Performance – in every sense – is key to playing in…