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The Trading Mesh

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Chas Cooper From Xignite Discusses NASDAQ Data on Demand

April 29, 2011 by The Trading Mesh   Comments (0)           

Earlier this week, a joint press release came out from Xignite, Inc andNASDAQ OMX, announcing the launch of Mass Download, a new service that will augment NASDAQ’s existing Data-on-Demand service, using Xignite’s cloud technology platform to generate highly customized data sets of trade and quote data on US stocks.
I caught up with Chas Cooper, Director of Product Marketing at Xignite and asked him to tell me more about the service, particularly as it relates to...

Paul Wilmott on the Role of Mathematics in Finance

April 27, 2011 by The Trading Mesh   Comments (0)           

I came across a really enlightening video this morning, which was a recording of a recent lecture and slide presentation given in Paris by mathematician, author, researcher, consultant and founder of wilmott.com, Paul Wilmott.
Describing himself as the “grumpy old man” of quant finance, Paul explodes various myths on the topic and gives his take on why calibrating models is invariably a useless pastime (maybe the model itself is wrong?), why arbitrage opportunities still exist...

SGX Singapore Launches Co-Location

April 19, 2011 by The Trading Mesh   Comments (0)           

Yesterday, just a week after opening its new data centre, SGX Singapore Exchange announced the launch of a new co-location service, which will enable ultra-low latency connectivity into its markets.
This service will allow the exchange’s customers to host their own “black box” trading systems within the SGX data centre, thus ensuring the fastest routes between those systems and the exchange’s market data services and matching engines.
According to SGX...

The Other Big British Event (Besides the Royal Wedding)

April 18, 2011 by David Quarrell   Comments (0)           

 
I’ve been ambushed by events again when I realised a trade show in London I had been preparing is days away! I have been so focused on the logistics for a panel workshop we are hosting that it was a shock to realise the Low Latency Trading show is Tuesday, April 19. The organisers have posted a short biography  of me on their site which is flattering. If you’re going to the show at Brewery on Chiswell Street drop by the Agilysys booth and say,...

TradeTech HFT Focus Day

April 14, 2011 by The Trading Mesh   Comments (0)           

Earlier this week, I went along to the TradeTech HFT Focus Day at London’s Canary Wharf.
Arriving a bit blurry-eyed after picking my son up from Heathrow at 6:30am (he’d just come back from a couple of weeks in New Orleans, lucky bugger), I think I managed to get the last seat in the room, after which it was standing room only. So it seems as if demand is still outstripping supply on the high frequency trading conference circuit, surprisingly.
The day started with a...

NovaSparks re-writes the FPGA rule-book with launch of NovaSparks Gen2

April 13, 2011 by NovaSparks   Comments (0)           

Gen2 offers the most scalable, adaptable and fastest FPGA feed-handler, tickerplant and order book management solution on the market.  
LONDON, NEW YORK, BOSTON, PARIS - 13th April 2011 - NovaSparks, specialists in ultra-low latency solutions today introduced the NovaSparks Gen2 appliance. This new development, available from June 2011, offers even faster processing and delivers guaranteed sub-microsecond speed through its appliance measured on an end-to-end basis.  The...

Technology: The Solution to Future Risk

April 6, 2011 by David Quarrell   Comments (0)           

 
I went to a conference recently and was fascinated by the notion that risk is not about the maths, it’s about the data. The fantastic Monte Carlo simulations that traders use to calculate the risk of doing business use difficult but well documented maths. The problem is the huge amount of data that needs to be processed to create an accurate picture of the trading position. Added to the burden is the impact of regulation. Banks undergo 6 to 8 stress tests a year for different...

Latency Monitoring and Clock Synchronisation

March 25, 2011 by The Trading Mesh   Comments (0)           

Citihub Conversations, Part One
This interview is the first in our series of Citihub Conversations, where we will discuss a range of topics on the intersection of technology with the financial markets – particularly in the high frequency tradingspace – with associates from Citihub, the specialist IT consultancy focused on the financial services industry.
In this interview, Mike O’Hara talks to Donovan Ransome, Associate Partner and Head of eTrading...

How FIX Protocol Limited is Evolving with the Growth of Computerized Trading

March 18, 2011 by The Trading Mesh   Comments (0)           

An Interview with Kevin Houstoun 

In this interview for the High Frequency Trading Review, Mike O’Hara talks to Kevin Houstoun, who Co-Chairs the FIX Protocol Limited Global Technical Committee. Kevin is also Chairman and Co-Founder of Rapid Addition (www.rapidaddition.com), a provider of ultra low latency trading infrastructure components, and sits on the Lead Expert Group of the UK Treasury-sponsored Foresight Project “The Future of Computer Trading in...

The Growing Use of MATLAB in the High Frequency Trading World

February 25, 2011 by The Trading Mesh   Comments (0)           

An Interview with Steve Wilcockson
In this interview for the High Frequency Trading Review, Mike O’Hara talks to Steve Wilcockson, Industry Manager, Financial Services at MathWorks, developers of MATLAB, the technical computing language that is increasingly being used in the world ofhigh frequency trading and algorithmic trading systems.
High Frequency Trading Review: Steve, can you give us a brief introduction to MathWorks, what you do and how it relates to the...