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The Trading Mesh

The Trading Mesh's Blog

Bringing Transparency and Scale to the Bullion Investment Market

April 10, 2014 Comments (0)           

In this article, Mike O’Hara – in conversation with Seamus Donoghue, CEO of Allocated Bullion Solutions and Peter Fredriksson, CEO of Baymarkets – looks at how the introduction of a new centralized trading platform in Singapore is bringing about greater transparency to the physical gold market in the region.
With the benchmark price for the world’s gold products set by the twice-daily London gold fixing and with the LBMA (London Bullion Market Association)...

Addressing the Challenges of Post-G20 Interest Rate Hedging

March 24, 2014 Comments (0)           

In this article, Mike O’Hara – in conversation with Hirander Misra, Andrew Chart and Philip Simons - looks at how the new Constant Maturity Swap future from GMEX aims to help firms continue to hedge their interest rate exposures cost effectively in the post-G20 landscape.
The reforms instigated by the G20 in the wake of the Global Financial Crisis have resulted in a number of structural changes to the world’s interest rate derivatives...

Transforming Quantitative Trading Applications With Persistent Flash Memory

March 20, 2014 Comments (0)           

In this article, Mike O’Hara looks at how the implementation of persistent flash memory is having a transformative effect on application performance at quantitative hedge funds, particularly where large amounts of data are analysed.
In the last fifteen years or so, the financial markets have seen a massive growth in the number of quantitative and systematic hedge funds, investment firms whose trading decisions are made solely on the basis of computational...

The Reactive Manifesto in Financial Markets – Trend or Fad?

March 14, 2014 Comments (0)           

In this article, Mike O’Hara, in conversation with Jonas Bonér, Greg Young, Martin Thompson and Jan Macháček – investigates the core principles behind the recently published The Reactive Manifesto, and its relevance to system design in today’s Financial Markets.

Anyone who has been closely involved in designing and building high-performance trading applications within the last ten years or so, will no doubt be familiar with the principles of...

Redline Trading Solutions and IEX

December 17, 2013 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 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:
The two firms worked closely together with Intel at...

Market Data at the Speed of Light

November 4, 2013 Comments (0)           

In this article, Mike O’Hara, CEO of HFT Review - in conversation with Arnaud Derasse, CEO of Enyx, Stephane Tyc, Co-Founder of Quincy Data and Ron Huizen, Vice President of Systems & Solutions at BittWare - looks at how the combination of microwave and FPGA technology is changing the landscape of market data distribution and consumption, particularly in high performance, low-latency trading environments.
In April 2013, Quincy Data, a US-based provider of ultra-low...

How to Reduce Latency by Running Trading Algorithms in a Switch

October 7, 2013 Comments (0)           

By Mike O'Hara
Last week, Argon Design, a design services company based in Cambridge UK working in the areas of high performance networking, processor architecture and digital logic design, released an announcement about some pretty impressive results they had achieved in tests running a trading algorithm directly on an Arista Networks 7124FX Application Switch…

“For the measured leg in the test harness, latency was reduced from a previous best of...

Exchange Focus - Warsaw Stock Exchange

September 3, 2013 Comments (0)           

An Interview with Peter Niklewicz
By Mike O’Hara, 3rd September 2013
Earlier this week, Warsaw Stock Exchange announced the launch of a new co-location service for high performance access, to offer its clients low latency access to the Exchange’s UTP trading platform.
In this interview, Peter Niklewicz, Senior Advisor to the WSE Management Board and the Exchange’s chief representative in the UK, discusses this co-location initiative.

Exchange Focus - Moscow Exchange

August 13, 2013 Comments (0)           

An Interview with Sergei Poliakoff
By Mike O’Hara, 13th August 2013
With no threats of things like financial transaction taxes, maximum order/trade ratios, minimum resting times or any of the other artificially introduced initiatives to slow the markets down that are being increasingly discussed in Europe and US; Russia is looking more and more attractive to Western HFT firms.
And within Russia, Moscow Exchange is taking a number of steps to attract Western firms that...