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Sybase and QuantHouse Team On Algorithmic Trading Strategies

Sybase and QuantHouse have formed a strategic alliance to jointly deliver a solution for back testing and regression testing for algorithmic trading strategies. The solution will enable financial services organizations to manage back testing on virtually any set of real-time and historic market data, the partners say. Central to this offering will be the ability…

The Low Latency Canary

The one constant in the world of financial markets IT is that nothing stays the same for very long. The world of market data feeds and the applications that process them is no exception. As data rates increase, and as processing systems (or any component of them) are upgraded and modified, performance can be hit….

The New Cross-Asset Trading Challenge

The traditional separation of asset classes into distinct business organizations with incompatible trading systems is an idea whose time has ended. Today the growing quest to automate every variety of asset trading – and in so doing to make possible the trading of assets among different classes – has created a growing business case for…

Low Latency Crowd Braces For Hardware Acceleration

The era of software-based market data systems running on generic server and desktop hardware is now well through its second decade. The lifeblood of any large trading floor flows through the veins of its digital data distribution system. When the flow stops, all hell breaks loose. Our firm, TSAssociates, is in the business of preventing…

2007: A good year for EDM?

The good news to kick off the year with is that reference data is getting more important. It is a major component of the recently announced wide-ranging HSBC enterprise data and technology deal we are told. Elsewhere in this issue of Reference Data Review there are further indications of this positive trend: a rock solid…

Bank Deploys Aleri Stream-Processing Platform for Ref Data

Stream-processing technology is big news in the market data world, where the demands of algorithmic trading are driving investment in solutions to support high-volume, low-latency, fast-moving environments. To date, it has not been widely suggested that low latency was so important in the context of reference data, but an early sign that streaming technology could…

Progress with MiFID as First Working Group Held

The MiFID – Markets in Financial Instruments Directive – Joint Working Group efforts (Reference Data Review, April 2005) were kicked off earlier this month with the first meeting being held in London, and tasks being assigned to participants. The forward-looking objectives of the group, according to the group’s chairman Chris Pickles, are four-fold. They are,…

RDUG Joins ISITC, FPL, FISD To Forge MiFID Working Group

The Reference Data Users Group (RDUG) has thrown in its cards with three other industry lobby groups to form a joint working group to address compliance issues spurred by the European Union’s Markets in Financial Instruments Directive (MiFID), whose implementation date of early 2007 is causing ructions within the securities industry operations community. Writing exclusively…

MiFID: Will Firms be Ready by April 30, 2007? By Dr. Anthony W. Kirby, Founder, RDUG

The European Union’s pending MiFID initiative, or the Markets in Financial Instruments Directive, replaces the Investment Services Directive (ISD), which was originally adopted in 1993. The ISD defined “home” and “host” state regulators, establishing the conditions under which authorized investment firms and banks could provide specified services in other EU member states on the basis…

Case Study: Henderson Global Centralizes Using DISL Integral

Henderson Global Investors, a mid-sized U.K. investment management firm, is about a third of the way through an almost three-year project to revamp its data management procedures across the board. With its back office outsourced to Cogent, Henderson’s focus was on the data used to support its front and middle offices, including the investment management,…