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Low Latency Blogs

With many trading firms approaching the physical limits of low-latency technology, the time has come to look at improving other areas of the trading process to more effectively and intelligently operate in the electronic marketplace. Speaking at last week’s A-Team Group Intelligent Trading Summit (formerly the Low Latency Summit) in New York, Alessandro Petroni, senior principle architect for Tibco Software proposed that we not only focus on trading faster, but also on trading smarter.

Infront, the leading provider of real-time market data, news and analytics, has released a major upgrade to its market data terminal offering. The upgrade makes the performance, coverage and ease of use associated with modern premium market data terminals available at highly competitive rates, with pricing based on usage rather than over-dimensioned packages.

As we put the last-minute touches on our agenda for next week’s Intelligent Trading Summit in New York – register here if you haven’t already – we continue to canvass the marketplace on what makes a trading platform intelligent. Part of the story, we are finding, is in approach to design. And the message we are hearing is that after a decade of polarisation in the build vs. buy debate, there is emerging a Third Way.

Ciara Technologies always strived to conquer different markets, and diversify its offering without losing sight of its customers’ needs. Although this path can be more complex than others, it has led us constantly to address new customer challenges, and pushed us to maintain high levels of competency.

I just read the latest from Michael Lewis, and while I can’t say I’m fully in agreement with regard to his “rigged market” position, I did find Flash Boys to be a pretty good basic description of high frequency trading and the technologies that underpin it. It was not, however, the main HFT focus that caught my attention but rather the couple of pages it devoted to chastising Goldman Sachs for its attitude to open source.

The Johannesburg Stock Exchange’s (JSE) partnership with Cinnober to develop a multi-asset clearing platform is expected to deliver not only real-time clearing, but also overall trading improvements and greater market certainty.

More evidence this week that market practitioners are embracing intelligence in trading with news that a major global investment bank has implemented a risk and data management platform that appears to make a significant step toward the Holy Grail of incorporating enterprise analytics into the pre-trade decision-making process.

Quincy Data has pushed further into Europe with the extension of its Quincy Extreme Data service to Frankfurt. The Frankfurt service distributes CME Group market data from the CME Aurora data centre in Chicago to the FR2 data centre in 37.79 milliseconds. The company has also lowered the latency of distributing CME Group data from Aurora to the LD4 data centre in Slough, west of London. This service was first offered in May 2013 at 36.40 milliseconds rack to rack, a latency that has been lowered to 35.39 milliseconds.

I’m thrilled that the agenda for our Intelligent Trading Summit on May 13 in New York is emerging as a match for our new editorial ‘agenda’ here at Intelligent Trading Technology.