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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.

October 13, 2010

Telx, a leading interconnection and colocation provider in strategic North American markets, today announced that it has nearly doubled the footprint of its data center at the 111 8th Avenue facility in New York City, considered the premier Financial Markets location in the NY Metro area. The addition of 40,000 square feet of capacity for financial institutions, telecommunications service providers, cloud providers and Software as a Service (SaaS) providers allows Telx to expand colocation and interconnection services and establishes them as the dominant provider in this key location.

October 12, 2010

Exegy, Inc., the market data appliance company, announced today a new ground-breaking product - Data Tone - based on the Exegy Ticker Plant. It is now possible for traders to access market data via Data Tone at $1000 per connection.

October 12, 2010

IPC Systems, Inc., a leading provider of indispensable trading communications solutions to the world’s top financial services firms and global enterprises, today announced a significant upgrade to its transatlantic network. The upgrade involves the extension of its existing fully resilient high speed Dense Wavelength Division Multiplexing (DWDM) network which connects North American trading hubs in New York directly to venues in London and the greater European trading community.

October 11, 2010

Atrium Network, provider of smarter connectivity for the financial community, announced today that participants are signing up to access the Chicago Board Options Exchange (CBOE), the largest U.S. options exchange and creator of listed options, via Atrium Network’s POP, located in the CBOE facility at 400 South La Salle, Chicago. CBOE options are now being accessed by Atrium Network’s European customer base using the same infrastructure as existing Atrium Network US clients.

October 6, 2010

Hibernia Atlantic is planning a sub 60 millisecond latency cable link between New York and London, claiming that none of its competitors will be able to beat its speed in the timeframe before the cable carries low latency data for high frequency traders in mid-2012.

October 6, 2010

Nigel Woodward Intel After five years at Intel as head of its financial services strategy, Nigel Woodward has exited the building for pastures unknown. Woodward joined the firm back in February 2006 (see our news brief on the subject at the time here) and during his five years at Intel, has focused on leading its retail and investment banking strategy.

October 5, 2010

ACTIV Financial, a global provider of fully managed low-latency market data solutions, today announced that is has become the first external data provider to distribute Top of PHLX Options Plus Orders (TOPO Plus Orders), the premier data feed for NASDAQ OMX PHLX (PHLX). ACTIV customers can now tap into the most comprehensive view of the market to more quickly and confidently react to dynamic market conditions on one of the largest U.S. options exchanges. PHLX trades more than 2,600 equity options, sector index options and U.S. dollar-settled options and captured 25.2% of all U.S. equity options trading in August.

October 1, 2010

While sell-side firms are eager adopters, OMS and EMS vendors have been slow to embrace an algorithmic trading language from the FIX Protocol Organisation, which helps them quickly adapt their systems to new algorithms, according to a panel at A-Team Group’s Insight Exchange conference on High Performance Technologies for Trading and Risk, held in New York this week.

October 1, 2010

UBS Investment Bank has made a strategic equity investment in high frequency trading technology specialist Mantara, becoming the first investor to cut a commercial deal with the company and extending its reach in the high frequency, low latency trading market.

September 30, 2010

Hibernia Atlantic, the only diverse transAtlantic high bandwidth connectivity provider, announces today its plans to build the lowest latency cable route from New York to London offering High Frequency Traders the unique latency under 60 milliseconds. Hibernia’s Global Financial Network (GFN) currently unites hundreds of global banks and financial exchanges with a single connection. The GFN was built for the financial community and meets their demanding performance and reliability requirements. Project Express will only strengthen the GFN as the fastest route across the Atlantic.

September 29, 2010

Equinix, Inc., a provider of global data center services, and Bloomberg, the leading global provider of financial data, news and analytics, today announced a strategic partnership to provide secure and reliable colocation, connectivity choice and interconnection services for Bloomberg’s data services and Bloomberg Tradebook.

September 29, 2010

Catena Technologies, a consulting firm that implements high-performance solutions for financial institutions, announced the release of a report that benchmarks the performance of a leading trading platform on 32-core server technology. The report measured the average latency between components at under one microsecond and went on further to demonstrate the scalability of the platform for rates of up to one million market data messages per second, and with ten processes consuming data hosted on the same server.

September 29, 2010

Low latency technologies have taken hold among the fragmented markets in Europe, resulting in narrower spreads and more liquidity opportunities. But fragmentation has still left primary exchanges in several regions in a dominant position, and best execution is still a work in progress, according to participants in a keynote "Fragmentation World Tour" panel at the A-Team Group’s Insight Exchange conference on High Performance Technologies for Trading and Risk, this week in New York.

September 29, 2010

Securities firms have to learn how to better exploit their low-latency architectures so that all groups in a trading enterprise can see the business value of their costly high-performance infrastructures, said participants in a panel discussion at A-Team Group’s Insight Exchange conference on High Performance Technologies for Trading and Risk, this week in New York.

September 29, 2010

Two-thirds of financial services firms fear their analytics programs and infrastructures will not be able to handle increasing analytical complexity and data volume, according to a just-released Research Report, featuring a survey of financial services professionals and conducted by Wall Street & Technology in conjunction with Platform Computing, SAS and The TABB Group. Completed in July 2010, the survey indicates that firms are hampered by a lack of scalability, inflexible architectures and inefficient use of existing computing capacity. Noteworthy differences exist in the challenges being faced by both buy- and sell-side firms, with sell-side institutions more likely to report a lack of a scalable environment, insufficient capacity to run complex analytics, and contention for computing resources as significant challenges.

September 28, 2010

RTS Realtime Systems Group, a leading global trading solutions provider, today announced that it has released a new ultra-low latency gateway for its RTD Tango and RTD Tango Trader clients, accessing CME Group with an internal latency of 100-150 microseconds. Client feedback during Beta testing has indicated that the new connectivity, as part of an off-the-shelf algorithmic trading solution, is the fastest among those currently available.

September 27, 2010

Solace Systems, the leading provider of middleware appliances, today announced that CNSX Markets Inc. (CNSX Markets) has selected Solace to supply technology to manage the distribution of its high speed data feeds to clients. CNSX Markets operates two venues: Pure Trading and the Canadian National Stock Exchange based on technology from NASDAQ OMX.

September 27, 2010

Canadian exchange group CNSX Markets – which operates the Canadian National Stock Exchange and Pure Trading – is deploying hardware messaging appliances from Solace Systems to reduce the latency of its market data services, allow for future scalability, as well as add new functionality. The exchange group is looking to go live with its first customers in November.

September 27, 2010

FSMLabs’ TimeKeeper software combined with Spectracom’s TSync-PCIe Timecode Processor card has broken the microsecond synchronization barrier, delivering time accurate to the low nanoseconds to trading programs. The announcement was made today by FSMLabs, provider of high-precision time distribution software, and Spectracom, a company of the Orolia Group (NYSE Alternext Paris –FR0010501015 – ALORO) and a provider of hardware-based time and frequency systems for vital communications networks.