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A Recruiter’s View: Much Demand For FPGA Skills in 2013
2013 looks set to prove a dynamic year for hiring in the low-latency technology sector. With a growing diversity in the “end user” space, we here at Harrington Starr – a specialist financial IT recruiter – are predicting significantly increased demand for talent with the best candidates in high demand. 2012 has proved a very…
Emulex Expands Low-Latency Offerings
Emulex isn’t the first company that comes to mind when thinking of low-latency network vendors, but through a series of actions it’s making an increasing contribution to the technology underpinning automated trading. The latest development was last week’s announcement that it is to acquire latency monitoring specialist Endace. Founded in 1979 and with current revenue…
Cloudera Raises $65 million For Enterprise Expansion
Hadoop platform distributor Cloudera has raised $65 million in additional funding to support global expansion, product development and enterprise adoption of its platform. The funding round was led by early backer Accel Partners, with support from existing investors Greylock Partners, Ignition Partners, In-Q-Tel and Meritech Capital Partners. This new funding brings to $140 million the…
Dell Boosts Server Performance For Algo Trading
Dell has introduced a self-installable firmware upgrade to its PowerEdge servers that boosts their CPU performance by 13% to 31%, while also reducing jitter. The Dell Processor Acceleration Technology (DPAT) upgrade has already been tested by firms engaged in algorithmic trading with significant results. Oh, and the upgrade is free. The upgrade consists of a…
Coba Proposes Commercial Framework for European Consolidated Tape
The Coba Project, an organisation set up to propose a commercial framework for an industry-led pan-European consolidated tape, reports positive feedback from a letter outlining its plans that it sent to key industry stakeholders earlier this week. Coba’s proposal wraps up the standards recommended ahead of the letter by FIX Protocol Ltd. (FPL) for the…
Q&A: November’s Low Down on Latency with Pete Harris
The Low-Latency Summit in New York City the other week created a lot of discussion and lots of questions to me. So here is a sampling from that busy day, along with my thoughts. Q: One of the conference sessions was focused on latency reduction and ROI. What was your take away from that? A:…
FIX Protocol Proposes Standards to Support a European Consolidated Tape
FIX Protocol Ltd. (FPL) has recommended standards to support the consolidation of trade reports and market data in European equity markets. It suggests the standards could play into the European consolidated tape mandated by MiFID and accelerate discussion about similar standards for fixed income and derivatives markets. The recommended standards are the result of work…
Can Both Microwave and Fibre Turn Up The Heat on HFT?
With trading speeds of up to 40% faster, microwave transmission looks set to be an important technology tool for high frequency traders in search of a competitive advantage, but it won’t lead to a wholesale technology change across the industry. There are limitations to microwave and this is why a combination of low latency fibre…
Fixnetix and Asperatus Capital Tap NovaSparks For HFT
Fixnetix and its long-time customer Asperatus Capital have tapped NovaSparks to provide them with ultra-low-latency direct market data via its FPGA-accelerated Matrix appliances. That data is used to fuel HFT strategies. Founded in 2009 in London, Asperatus is an established customer of Fixnetix, which provides it with infrastructure, hosting, co-location and connectivity services to a…
Q&A: Bruce Tolley of Solarflare on Customised Compute
Marrying compute power with low-latency network communications is increasingly necessary for financial applications looking to combine intelligence with outright speed. IntelligentTradingTechnology.com spoke with Bruce Tolley, vice president of solutions marketing at Solarflare Communications to get his take on this emerging trend. Q: What is the ApplicationOnload Engine (AOE), and how is it related to your…