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The Trading Mesh

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Out-of-Band FPGA Accurate Numeric Preprocessing for ULL-HFT

March 12, 2015 by Khaled Aly   Comments (0)           

 
By Khaled Aly, Technical Author & Research Analyst
 
The computation of statistical indicators and indices is an integral part of algorithmic trading, and its performance becomes more prevalent in proportion to frequency and round-trip latency constraints. The HFT loop encircles data moving among traders and/or brokerages, exchanges or alternative venues, index publishers, and third party market data vendors. 
It is currently common to offload network stack and...

Beautiful Curves, Graph Theory and “Tech Debt”

March 6, 2015 by Steve Wilcockson   Comments (0)           

By Steve Wilcockson, Industry Manager - Financial Services at The MathWorks

Last week, I attended three great industry collaborative events in London, each providing a diverse and distinct lens on model-based financial technology. Applying Chatham House Rules, I’ll try to summarise each event’s highlights which in turn addressed

Risk management, particularly curves, reflecting business (compliance) and quant best practices
Probabilistic graph theory, reflecting model,...

No More Lip Service: Top 3 Considerations for Best Execution Policy

March 6, 2015 by Stefan Hendrickx   Comments (0)           

By Stefan Hendrickx, Founder & Executive Director, Ancoa
 
The topic of Best Execution resurfaces once more as one of the opening panels at this year’s FIX EMEA Trading Conference is set to focus on upcoming MiFID II regulations. According to FIX, brokers are being told to sharpen their focus on best execution. According to the Financial Conduct Authority (FCA), firms are being expected to do more to monitor and review their execution quality. Whilst the European Securities and...

Pillar #2 of Market Surveillance 2.0: Past, Present and Predictive Analysis

March 5, 2015 by Software AG   Comments (0)           

 
By Theo Hildyard
 
In the second of a blog series outlining the Seven Pillars of Market Surveillance, we investigate Pillar #2 which emphasizes support for combined historical, real-time & predictive monitoring.
 
 
Following my last blog outlining the Pillar #1 in the Seven Pillars of Market Surveillance 2.0 – a convergent threat system, which integrates previously siloed systems such as risk and surveillance – we continue to look into the...

Risk and regulatory reporting: centralisation is not the answer

March 5, 2015 by The Trading Mesh   Comments (0)           

In this article, Mike O’Hara, publisher of The Trading Mesh, talks to Steve Willson of Violin Memory, KPMG’s Steven Hall and Rick Hawkins, Stream Financial’s Gavin Slater, and Ash Gawthorp of The Test People, about how banks should evaluate centralised versus federated approaches to intensified post-crisis risk and regulatory reporting requirements.  
 
Introduction
 
The post-crisis environment poses many challenges to c-suite executives at major...

Risk technology: spend your budget on the carrots, don’t waste it on the stick

March 5, 2015 by Anthony Pereira   Comments (0)           

Anthony Pereira, CEO of Percentile, specialists in risk technology for financial services, examines the Basel III interim findings which see the industry falling short
The financial crisis exposed a number of weaknesses in the financial industry’s ability to assess, realise and mitigate risk on a very public scale. The knock-on effect of this exposure has been, and continues to be, vast with financial institutions being subject to heavy scrutiny from regulators. The expectation on banks...

GMEX – going to eleven?

February 27, 2015 by Fidessa   Comments (0)           

This article was originally published at the Fidessa blog, and is reproduced here with permission. By Steve Grob

The announcement that new derivatives exchange GMEX has received investment from SocGen reopened the debate here as to the future of rates trading and who the likely winners are going to be. Reliable data is hard to come by on exactly what is happening to OTC volumes and where they are going. Such evidence as does exist seems to show asteady increase in...

The Seven Pillars of Market Surveillance 2.0: Pillar #1

February 26, 2015 by Software AG   Comments (0)           

By Theo Hildyard 
In the first of a blog series outlining the Seven Pillars of Market Surveillance, we investigate the need for Market Surveillance 2.0 – a new set of requirements that will act as a kind of crystal ball that can help us to anticipate and prevent anomalous behaviors before they have any impact on the market. 
Financial markets scandals such as manipulation of the LIBOR rate and FX fixing prices, to the Flash Crash that wiped a trillion dollars off the US stock...

My HFT Trading Story: LOKESH MADAN.

February 24, 2015 by Lokesh Madan   Comments (0)           

My HFT Trading Story: LOKESH MADAN.
 

For me, having 15 Years experienced HFT & Quant Based Solutions & Fund management person, which I also enjoyed immensely, the market offered an opportunity to test myself and to prove I could generate economic profits for clients. A harsh meritocracy also has its advantages if you enjoy the daily challenge.

 

The majority of the managers that I have met have a sarcastic and self-deprecatory sense of humors and a...

Picking the right memory for your FPGA trading platform

February 17, 2015 by Cypress Semiconductors   Comments (0)           

By: Abhimanyu Vyas, Cypress Semiconductors
The last few years in algo-trading markets have seen the development of lower-latency solutions using custom hardware like FPGA solutions. FPGAs provide vast concurrent resources which can be configured to drastically reduce round trip trade latency compared to software based solutions. They are programmed to be self sufficient to process applications like data acquisition, risk matching and order processing. With Altera Arria-10 and Xilinx Ultrascale...