All site blogs
By Theo Hildyard
Director, Solution Marketing, Software AG
The Trade Tech conference in Paris this years was packed with buyside firms looking for ways to utilize real-time intelligence. The old-fashioned image of long-only fund managers was fading fast during the conference, with buyside execs getting serious about reducing slippage, lowering transaction costs and making use of data and deep analytics.
In panel after panel the discussions centred on the need for the...
By Lokesh MadanAlgo Trading India , FPGA Consultant , Risk Free Fund Managment System Designer , Ultra Low Latency solutions consultant
By Victor Yodaiken
This article was originally published at the FSMLabs website
ESMA acknowledges however, that at present it may not currently be feasible to expect trading venues to synchronise their clocks or time stamp events to a granularity which is less than nanoseconds. As a result, ESMA has proposed capping the granularity and accuracy requirements at the nanosecond level.
ESMA is the European Securities and Markets Authority. Time accuracy below a nanosecond is...
Lokesh MadanManaging DirectorAlgo Trading IndiaStartup Seed Funding Capital Limited
By Michel Finzi
This is the first in a series of blog posts from Celoxica on various topics pertaining to accelerated market data, risk management and trading technology infrastructure. We hope you find these pieces insightful and we welcome your comments and feedback.
Over the past 24 months we have seen more and more financial institutions - both buy-side and sell-side - evaluating whether accelerated market data technologies are the appropriate solutions...
By Theo Hildyard
In the seventh and final blog in our series outlining the Seven Pillars of Market Surveillance 2.0, we discuss the need to evolve rules dynamically in order to incorporate new anomalous behaviors as they come along.
Flash crashes, hash crashes, rogue traders, market manipulators, insider traders, fat fingers, wild algorithms, Libor fixing and FX benchmark manipulation scandals all show us that new issues are always around the corner. There is no doubt...
A recent commentary article Physics in finance: Trading at the speed of light (Mark Buchanan, Nature, 11 February 2015) made a seemingly logical statement: In order to take advantage of price differences between two distant financial exchanges, it is best to station a trading strategy computer at the midpoint between the two exchanges, for example, on a ship in the middle of an ocean. The geodesic midpoint is where the two price levels can be compared at the earliest possible time. Therefore...
Written by Dr Marcus Perrett, Director of Technology and Development at Fixnetix.
The use of FPGAs in finance was originally driven by regulation. Brokers were encouraged (or mandated by regulation) to have controls in place to monitor and, if required, cancel or stop clients trading. As clients had traditionally enjoyed direct access to the market via a broker, a system that was positioned between a trading system and the exchange needed to be a fast as possible to reduce the impact...
By Theo Hildyard
In the sixth blog in our series outlining the Seven Pillars of Market Surveillance 2.0, we look at how support for identifying threats – both known and unknown — can help to alleviate the Next Big Problem in capital markets.
Market Surveillance 2.0 can not only spot known threats before they happen - such as flash crashes, fat finger trades, insider dealing and benchmark fixing - but can also help to pinpoint any unknown threats which...
This interview with Dr Jamie Allsop was originally published by jaxenter.com
In spite of its central role in banking, many financial employers see IT as a “necessary evil”, says former NYSE programmer and clearpool.io director Dr. Jamie Allsop.
JAXenter: Can you tell us a bit about what has changed for programmers in finance since the financial crisis?
Jamie Allsop: I think the biggest change since the financial crisis is probably that programmers...