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October 27, 2010

Marketcetera’s initiative to establish an open-source model for execution systems took a step forward this month as Lime Brokerage agreed to make the company’s Automated Trading Platform available to clients alongside its existing connectivity solutions.

October 26, 2010

Interxion, a leading European provider of carrier-neutral colocation data centre services, today announced that Atrium Network, provider of smarter connectivity for the financial community, has extended the footprint of its services by locating a Point of Presence (POP) in Interxion’s Stockholm data centre. Atrium Network’s POP offers the trading community ultra-low-latency connectivity to all the Stockholm-based exchanges: Nasdaq OMX, Burgundy and NGM, as well as between the London and Stockholm financial centres.

October 26, 2010

ITRS Group plc, the leading global provider of predictive, real-time monitoring and proactive application performance management solutions to the world’s financial community, has announced the launch of a new interface to the Thomson Reuters Enterprise Platform for Real-Time (TREP), which distributes, integrates and manages real-time information across financial institutions.

October 25, 2010

Options IT, a leading provider of ultra-low latency market data, connectivity, fully managed application hosting and high-performance technology Infrastructure-as-a-Service for the buyside and sellside, today announced that ACTIV Financial, a leading global provider of fully managed low-latency market data solutions, has deployed ACTIVFeed on the Options PIPE platform.

October 25, 2010

Algo Technologies has added another node to its inter-exchange distributed network with the provision of proximity hosting services for SIX Swiss Exchange at Equinix’s ZH4 Zurich data centre. Algo claims to be among the first proximity hosting service providers to SIX Swiss at ZH4, along with Fixnetix, which also has facilities there.

October 25, 2010

Atrium Network, provider of smarter connectivity for the financial community, announced today that in response to increasing customer demand, it has invested in a second POP (point of presence) in Stockholm and deployed an ultra-low latency path of 11 milliseconds between Frankfurt and Stockholm.

October 25, 2010

City Lifeline, the London-based independent carrier-neutral colocation data centre, has today announced it can offer its customers a high-density network connection from bandwidth infrastructure provider, euNetworks.

October 25, 2010

The NASDAQ OMX Group, Inc. has launched Genium INET, the world's fastest trading system, in its Nordic cash and fixed income derivatives markets. Genium INET is a comprehensive multi-asset trading and clearing system, capable of delivering record-breaking performance with sub-100 microseconds average latency. In addition to powering NASDAQ OMX's own markets, this technology will also be part of its commercial exchange technology offering, giving NASDAQ OMX customers access to the fastest and most robust trading system in the world.

October 21, 2010

BT today announced its plans for the expansion of ultra-low latency connectivity into continental Europe. BT Radianz Ultra will provide market participants in Paris and London with sub-millisecond access to market data and execution services, exchanges and Multilateral Trading Facilities (MTFs) in both of these major financial centres, as it does currently for participants in the New York and Chicago markets.

October 21, 2010

This month’s bulletin from the Financial Information Forum (FIF) finds that CME MDP FIX/FAST was up 34% to 25,753 mps over the 1 second interval

October 21, 2010

London Stock Exchange Group [“LSEG”] announced today that non-trading market participants, including vendors and service providers, can take their own cabinets within the Exchange’s Hosting facility. The move, undertaken after detailed consultation with market participants, represents a significant strategic step in the evolution of the Exchange Hosting service, paving the way for the creation of a unique community of both trading firms and solution providers in the Exchange’s data centre.

October 19, 2010

IPC Systems, Inc., a leading provider of trading communications solutions to the world’s top financial services firms, today announced the launch of a new express trading route between New York and Toronto. The round-trip latency speed provides trading firms with dedicated and express access to multiple liquidity venues and exchanges.

October 19, 2010

Network service provider IPC Systems has upgraded its transatlantic links by extending the high speed dense wavelength division multiplexing (DWDM) network that connects North American trading hubs in New York directly to venues in London. Onward European connectivity is supported by the company’s pan-European optical network.

October 19, 2010

Hibernia Atlantic has laid down the gauntlet with its announcement of plans to build the lowest-latency trans-Atlantic cable connection. We first heard about so-called Project Express at our A-Team Insight Exchange Event in London last month, where the rumour spread as fast as a laser shot down an optimised fibre connection.

October 19, 2010

Correlix Inc., the operator of the industry leading RaceTeam service for monitoring, measuring and analyzing order and market data flows in real-time, today announced that Lime Brokerage, an independent agency broker and leading provider of high-throughput low latency technologies to the professional trading community, has selected the Correlix RaceTeam latency measurement service.

October 18, 2010

London Stock Exchange (LSE) Group will open its data centre to solution vendors and service providers at the end of November 2010. Marking a step forward in the Exchange Hosting strategy that it introduced in September 2009, the scheme will add non-trading market participants to the high frequency algorithmic trading firms already co-located at the LSE data centre in the City of London.

October 18, 2010

BLADE Network Technologies, Inc. (BLADE), the data centre switching company, today announced that Options IT, a provider of high-performance Infrastructure-as-a-Service (IaaS) to the buyside and sellside, has deployed BLADE’s RackSwitch 10 Gigabit Ethernet (10GbE) top-of-rack technology to ensure lowest possible latency for clients of its PIPE Velocity ultra-low latency market data, connectivity and application hosting service.

October 14, 2010

ADVA Optical Networking's Brian Quigley moderates a panel discussion about exchange connectivity at the recent A-Team Insight Exchange event held in New York City on September 27. New technologies are rapidly lowering the transport times between exchange locations. As firms expand their HFT and Algo markets to include equities, options and FX they are gaining significant competitive advantages by lowering latency and reducing complexity in their physical connections between buildings. This session explored the most common connectivity options in use today by  firms looking to lower latency in their exchange to exchange connectivity.

October 14, 2010

In an initiative to expand its marketplace beyond major trading firms, ticker plant vendor Exegy has introduced Data Tone, allowing smaller firms to access a set of market data for as low as $1,000 per month per connection.

October 14, 2010

Interxion, a leading European operator of carrier-neutral colocation data centres, today announced an agreement with the Nordic multilateral trading facility (MTF) Burgundy to move its matching engines to Interxion’s Nordic Financial Hub in Stockholm. This agreement allows investment and trading firms to connect at ultra-low latency to Burgundy’s platform.

October 14, 2010

Spread Networks, LLC, a privately owned telecommunications provider, today announced the introduction of low latency Ethernet wave services connecting New York and Chicago in under 15.75 milliseconds - the lowest latency of any commercially available wavelength services connecting America’s largest financial centers.

October 13, 2010

Algo Technologies Limited today announced that it has gone live as a provider of proximity services from SIX Swiss Exchange via Equinix’s Zurich based data centre.

October 13, 2010

By Dr Giles Nelson, Deputy CTO, Progress Software

Gordon Gekko The latest Wall Street movie – ‘Money Never Sleeps’ – opens with Gordon Gekko, the man who so famously stated “Greed is good” in the first film, being released from jail. It’s a comical scene, contrasting the technology of the ’80s to the tech of today as the guard returns Gekko’s bulky mobile phone.

October 13, 2010

Quantitative Brokers, a fixed-income algorithmic executing broker, announced its launch of a suite of algorithmic strategies for trading US interest rates futures. The algorithms are the first-ever agency algorithms designed specifically to accommodate the unique Pro-Rata and FIFO matching engines for CME Eurodollar and Treasury futures. The strategies provide traders anonymity while searching for price or volume improvements through sophisticated order book placement and real-time analytics.