Pete Harris is Editor and Publisher of IntelligentTradingTechnology.com. He is also President, Americas and Editor-at-Large at A-Team Group, a publishing, research and events company focused on the deployment of information technologies in the global financial markets. IntelligentTradingTechnology is a service of A-Team.
Trading system vendor Mantara has filed for Chapter 11 bankruptcy protection and will see its technology pass to Deutsche Bank, one of its customers. A request to the company's CEO Michael Chin for further information was not responded to, but it is thought that the company has essentially ceased operations.
See the video below on how in-memory technology from ScaleOut Software can boost MapReduce 40x for financial applications, such as real-time risk analytics.
Following on from last week's completion of the acquisition of NYSE Euronext, IntercontinentalExchange has detailed plans to integrate the Liffe derivatives business, spin out the European Euronext cash markets, and split the commercial NYSE Technologies arm, retaining some elements and selling off others.
Today we are re-launching Low-Latency.com as IntelligentTradingTechnology.com. We've discussed before why this evolution is happening ... but here's the elevator pitch on the expanded focus of this website and community: It's about Big Data, streaming in real-time, and being processed by high performance predictive Analytics, to initiate the most profitable trades, executed with Low Latency, and subject to trade-time risk controls.
Analytics specialist SAS is working with SAP and its in-memory HANA technology in order to offer real-time applications, including potentially for financial markets trading and risk use cases. Early offerings are due in the first half of 2014.
In the financial markets, the only constant is change ... and over the past couple of years, the world of low latency has changed. At one time, reducing latency was an arms race, with zero as the finish line. Now, with the race close to a conclusion, the focus is shifting to the high performance compute and big data management technologies required to drive predictive analytics for real time trading.
Pivotal - the EMC/VMware analytics spinout - has released Pivotal Data Dispatch (PDD), a platform for discovery of and analytical processing on data stored in disparate repositories. The product was developed at NYSE Euronext for its internal surveillance and regulatory purposes and has been in use there since 2007.
Take a look at our video highlights to get an idea of what the London Low-Latency Summit is really all about!
Ahead of the November 4 completion of InterContinentalExchange’s acquisition of NYSE Euronext, it seems there is significant movement regarding the future of the exchange group's NYSE Technologies services unit, including the soon-to-be departure of CEO Jon Robson.
Today's news that networking specialist Mellanox Technologies is acquiring its smaller rival Voltaire should be positive news for their customers in the financial markets. For those that are supporters of InfiniBand, the merger makes for a bigger company to innovate in that direction. More generally, the combined company will have a strong place in both Ethernet and InfiniBand, as it looks to wire up data centres for everything from low-latency trading to cloud computing - and perhaps be acquired itself down the road?
That would be Brennan Carley of Spread Networks and Kevin Formby of Endace. Sometime very soon - maybe by the time you read this - Spread will be posting continuous latency figures on www.spreadnetworks.com for its NYC to Chicago fibre service, courtesy of Endace's latency monitoring appliance.