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NovaSparks Partners Thesys to Deliver FPGA Based Market Data Service
NovaSparks has set up a partnership with Thesys Technologies to provide a low-latency market data service to Thesys customers. The service is based on NovaSpark’s field programmable gate array (FPGA) hardware architecture, including a feed handler that allows efficient and cost effective access to market data with minimal impact on the resiliency and latency of…
Fidessa Develops FIX-Based Affirmation Service for the Buy Side
Fidessa is pushing further into the post-trade space with the addition of an affirmation management service (AMS) for the buy side. The service is due to be available in the fourth quarter of 2014 and follows the introduction of Fidessa’s FIX-based Post-trade Hub for the confirmation of trades between buy-side and sell-side firms in August…
Quincy Expands QED with Equity and Energy Futures
Quincy Data has expanded its Quincy Extreme Data (QED) service with the addition of select equity and energy futures sourced from 350 East Cermak and cash treasuries sourced from Carteret. With this development, Quincy clients will not only benefit from additional data sources, but also Quincy’s broad distribution of data from eight exchanges to trading…
Fidessa Promotes David Polen to Global Head of Electronic Execution
Fidessa has appointed David Polen as global head of electronic execution with responsibility for developing the company’s platform and electronic execution capabilities across global markets. Reporting to Mark Ames, global head of sell side services, Polen will deliver a range of managed solutions that will allow brokers to present their clients with intelligent and cost-effective…
Tech Matters with Pete Harris: Flash For The Men, Not The Boys
In the search for increased financial application performance, systems architects are exploring a number of different hardware approaches. Parallel processing is one of them. Another is deploying Flash memory as a substitute for hard disk storage, which can be particularly effective where data throughput is a bottleneck. As it happens, quite a bit has been…
Gilbert Dupont Extends Use of SunGard Valdi Market Access to Reach Turquoise and Equiduct
Société de Bourse Gilbert Dupont is building on its relationship with SunGard and its use of the company’s Valdi Market Access software-as-a-service (SaaS) solution to extend its reach to Turquoise, the London Stock Exchange’s pan-European multilateral trading facility. Gilbert Dupont, a specialist in small and mid-sized company research and a wholly-owned subsidiary of Groupe Crédit…
How to Ensure the Integrity of Your Contributions Data
Do you worry about the validity and integrity of the data you contribute either to benchmarks like Libor or indexes, or to markets like the exchange-like Swap Execution Facilities (SEFs)? Or about the quality of the data you are selling to clients? With a marketplace growing in complexity, and more and more rules coming from…
Opinion: Piecing Together the Data Scientist Puzzle
By Dev Bhudia, Vice President, Product Management, GoldenSource Depending on whom you speak to, the definition of a data scientist seems to mean different things to different people. Some see it as a glorified number crunching role, while others believe the position requires someone more inquisitive to spot and respond to key trends. The role…
Talking Intelligent Trading With Andrew Delaney: Can Colt Grow Into a Cap Markets Stallion?
Colt’s creation of a dedicated capital markets team that integrates its now wholly owned MarketPrizm unit with its own hosting and connectivity offerings – announced last week – is a perhaps overdue logical next step in its acquisition of MarketPrizm, which was spun out of the former Cicada Cos. MarketPrizm became 100% owned by Colt…
Exegy Sets out Development Plans for Hardware Accelerated Appliances
Exegy, a provider of hardware accelerated appliances, has detailed product developments it will release later this year including a faster, feature-rich Java applications programming interface (API), improved integration of the company’s managed services infrastructure with Thomson Reuters’ Data Access Control System (DACS), and a fourth generation of the Exegy platform. These additions follow the release…