Share |

Low Latency Blogs

Eagle Investment Systems has promoted Mal Cullen to the role of CEO, replacing John Lehner who becomes chairman of the company. Cullen joined Eagle in 2001 as head of Canadian operations and most recently served as head of the Americas and Eagle Access, the company’s secure private cloud. Under Cullen’s leadership, Eagle Access has grown to represent more than 80% of the company’s new business. Before joining Eagle, Cullen spent 12 years at Financial Models Company. As CEO of Eagle, he is responsible for managing all business and operational management activities, including sales, marketing, global professional services, support, relationship management, product management, technology, finance and operations.

Redline Trading Solutions has introduced a managed version of RedlineFeed, which offers subscribers an ultra-low latency market data feed built from straight-line aggregation of exchange feeds using Redline’s ticker plant. The data feed provides ultra-low latency normalised market data for US equities and options, but will soon be augmented with futures and foreign exchange data. International expansion is also on the Redline plan, with the first move being a managed European equities feed that is due to be available later this year.

Orc plans to integrate Tbricks’ technology, customers and employees into its derivatives trading technology business following an agreement by its owner Cidron Delfi Intressenter Holding, a company controlled by Nordic Capital, to acquire 100% of the shares in Tbricks. No financial details of the deal were disclosed, but it includes the transfer of ownership of Tbricks to Orc and is expected to close on January 15, 2015.

By Alex Foster, Global Head of Strategy & Business Development - BT Financial Technology Services

Throughout history, the letter ‘R’ has represented a succession of important codes of conduct.

Goldman Sachs’ deployment of Kensho’s big data analytics and its investment in the company reflect growing commercial availability of big data analytics solutions and their use in financial services firms to automate analysts’ tasks and support better and faster decision making based on structured and unstructured big data.

DataStax, provider of an enterprise version of the Apache Cassandra distributed database, has partnered with Azul Systems, provider of the Zing Java virtual machine (JVM). The partnership allows DataStax to provide its customers with a combined technology platform on which to build low-latency data management solutions for applications that require increasing amounts of in-memory data such as fraud detection.

McObject, a provider of low latency, high performance database management technologies, will release eXtremeDB Financial Edition version 6.0 today. The new version is a major upgrade including support for big data management for capital markets analytics and access to the database’s vector-based statistical functions using SQL and Python.

TMX Atrium has signed an agreement with the UK’s National Physical Laboratory (NPL) to distribute NPL Time, a certified and precise time signal that is directly traceable to Coordinated Universal Time and can be used by TMX Atrium customers for regulatory compliance and audit purposes.

As the technology infrastructure of financial services firms begins to buckle under the strain of huge and increasing volumes of data, many firms are investing in big data projects to improve data management for the purposes of regulatory compliance, risk reduction, cost efficiency and business benefit. The extent and intent of investment varies, however, with some firms taking an evolutionary approach that imposes big data technologies on existing processes and others taking a revolutionary approach that rethinks processes using big data technologies.