Oracle is focusing on building a Java-based pre-engineered trading bundle this year in order to facilitate fast deployment and “fewer moving parts” to deal with for its customers, explained Ian Pearl, global lead of the vendor’s Capital Markets business, to delegates at this week’s Business & Technology of Low-Latency Trading (BTLLT) event in London. This development is aimed at tackling the challenge of performance versus time to market in the low latency trading architecture space.
The Vienna Stock Exchange has introduced the Last Trade Product for realtime end users for cash market data. It contains post trade data, defined as trade information with prices and sizes at strongly reduced prices per end-user.
SpryWare, a premier provider of Ultra Low Latency feed handlers and direct market data technology, today announced the general availability of their feed handler for real-time processing of Brazil’s BM&F Bovespa exchange’s new Unified Market Data Feed (UMDF). The new feed handler development was driven by increasing client demand and growth in Latin American markets. The feed utilizes FIX/FAST protocol and is included with the latest version of the SpryWare Market Information Server (MIS).
Eleven New Record Peaks over the 1 second interval: UTDF, UQDF, PSX TotalView ITCH 3.2, BONO, TotalView ITCH 3.2 from NASDAQ, CTS, CQS and OPRA from SIAC, Deutsche Börse CEF Ultra+Xetra, NYSE ArcaBook Options and Direct Edge EDGA.
Regulatory change is pushing the industry towards a central utility model for market and real-time data, according to Alan Dean, global head of cross asset FIX connectivity at HSBC Global Banking and Markets. Speaking at A-Team Group’s Business & Technology of Low-Latency Trading (BTLLT) event in London this week, Dean indicated that the onslaught of regulation is squeezing firms’ budgets and the logical extension of a cost saving approach would be to opt for a utility infrastructure via a consolidated European data centre.
BATS Global Markets, a global stock market operator, today announced the availability of its Multicast PITCH real-time depth of book data feed for all of its U.S. markets via ultra low latency exchange and order routing connectivity services provided by Interactive Data 7ticks.
The Securities and Exchange Commission’s (SEC) 14 July deadline for compliance with its Rule 15c3-5, which governs pre-trade risk management, and the ongoing MiFID Review in Europe were highlighted as key concerns by panelists at A-Team Group’s Business & Technology of Low-Latency Trading (BTLLT) event in London this week. High frequency traders are especially concerned about the extension of MiFID to many new areas as a result of the review process, said Benjamin Stephens, electronic trading and quantitative prime brokerage origination at Nomura International.
Corvil, a provider of latency management systems for high performance trading and market data, today announced that Nomura, the global investment bank, is using Corvil’s latency management system to monitor the European performance of NXT Direct its global ultra-low latency trading platform. Following a comprehensive evaluation process, Corvil was selected and used to measure the latency of Nomura’s platform at 2.8 microseconds, creating a new benchmark for trading system speed in Europe.
NASDAQ OMX and IntercontinentalExchange (ICE) today announced they have taken a series of steps demonstrating their commitment to pursuing their superior proposal with NYSE Euronext and providing greater certainty to the NYSE Euronext Board.
TIBCO Software Inc. today announced a collaboration with Arista Networks, Inc.; Dell; and Mellanox Technologies, Ltd. to deliver an end-to-end solution based on TIBCO FTL to enable financial trading market customers to rapidly turn millions of messages per second into actionable information on the trading room floor.