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The Trading Mesh

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YOW

December 23, 2013 by Trisha Gee   Comments (0)           

December disappeared in a rush of vacation and a fleeting tour of Australia.  It's hard to believe that it's the eve of Christmas Eve already, it's almost impossible to feel Christmassy when you're getting sunburnt on a boat and seeing people in swim-suits wearing santa hats.  A mid-winter festival (complete with trees and fake snow) just feels very odd in summer.I cannot take Christmas seriously in this weatherYOW! is a unique conference, in that it's the same agenda in three...

Spock: Data Driven Testing

December 20, 2013 by Trisha Gee   Comments (0)           

In the last two articles on Spock I've covered mocking and stubbing. And I was pretty sold on Spock just based on that. But for a database driver, there's a killer feature:  Data Driven Testing.All developers have a tendency to think of and test the happy path. Not least of all because that's usually the path in the User Story - "As a customer I want to withdraw money and have the correct amount in my hand". We tend not to ask "what happens if they ask to withdraw money when the cash...

Redline Trading Solutions and IEX

December 17, 2013 by The Trading Mesh   Comments (0)           

By Mike O'Hara
 
Earlier this week, Redline Trading Solutions announced that IEX, the new equity trading venue owned exclusively by a consortium of buy-side investors, is using Redline’s InRushTM low latency ticker plant.
 
This is interesting because Redline’s technology is more typically associated with high frequency trading and smart order routing than with a dark pool committed to operating a fair and balanced market.
 
Reference Price...

Hosted & Bundled Trading Technology Stacks - Simplifying the Deployment of Advanced Solutions

December 12, 2013 by The Trading Mesh   Comments (0)           

By Mike O'Hara
 
There were a number of interesting press releases and announcements at this year’s FIA Show in Chicago, including one from data centre IT solutions provider OnX Enterprise Solutions and infrastructure management company VDIWare, announcing their joint offering of high performance trading solution stacks on a bundled and hosted basis:
 
http://www.thetradingmesh.com/pg/newsfeeds/onxes/item/127221
 
The two firms worked closely together with Intel at...

Smoke-free markets

December 11, 2013 by Regulation Matters (Fidessa)   Comments (0)           

 
This article was originally published at the Fidessa Regulation Matters blog, and is reproduced here with permission.
 
By Christian Voigt

In recent months regulators have increased their focus on detecting and reporting possible incidents of market abuse. In Europe trading firms are expected to check for potential offences and report their suspicions to the regulator. As part of the MAD Review, the current list of indicators for market abuse will be promoted from a...

Hitting the bullseye

December 2, 2013 by Regulation Matters (Fidessa)   Comments (0)           

 
This article was originally published at the Fidessa Regulation Matters blog, and is reproduced here with permission.
 
By Christian Voigt

According to recent press articles, the MiFID II trilogue has agreed on capping dark trading at an arbitrary 4% per venue and 8% overall market share. At the heart of the discussion around dark trading lies the role of transparency in the wider market. While one side claims that transparency is the only thing that can keep...

Patent Issues in Market Data Licenses

November 25, 2013 by Mauro Viskovic             

By Mauro Viskovic
Quantitative investment analysts should be aware of recent patent litigation among participants in the market data industry.  Such litigation has shed light on the importance to quant firms of having protection from patent infringement claims relating to the manipulation of market data.
RealTime Data LLC, a proprietor of data compression technology, continues to pursue patent infringement claims against a multitude of defendants in the financial services industry. ...

First presentation at the Virtual JUG!

November 22, 2013 by Trisha Gee   Comments (0)           

Yesterday I had the privilege of presenting the very first session for vJUG, a new virtual Java User Group that allows us to span geographies when sharing talks and stories.  I'm really interested in the vJUG idea, especially now I'm not in London - if we can find good ways to share knowledge without having to travel, that will help us reach people who don't normally go to conferences or don't have a local user group to go to.  Not to mention cutting travel costs and saving the...

Video: McKay Brothers and Quincy Data on transmitting market data via microwave

November 15, 2013 by Total Trading   Comments (0)           

This video was originally featured at the Total Trading blog and is reproduced here with permission
 

 
Stéphane Ty?, Co-Founder of McKay Brothers and Quincy Data, spoke at The Trading Show Chicago 2013 on the topic, ‘Transmitting market data via microwave.’
In this presentation, Stéphane explains that what matters today is who has the fastest network, and who has access to it. He goes on to explore how...

Get with the programme

November 12, 2013 by Regulation Matters (Fidessa)   Comments (0)           

 
This article was originally published at the Fidessa Regulation Matters blog, and is reproduced here with permission.
 
By Mark Brennan

Electronic trading of swaps will soon be mandatory and industry participants need to get ready. Javelin kicked off the process on October 18th, filing its MAT (Made Available to Trade) submission with the CFTC for a broad range of interest rate swaps, including spot and forward starting swaps and variable notional swaps, with tenors...