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The Trading Mesh

May 2011

Florian Miciu of Chi-X Europe Discusses Technological Challenges Behind HFT

May 30, 2011 Comments (0)           

The following interview is reproduced with the kind permission of TradeTech Architecture.
Florian Miciu is the CTO at Chi-X Europe, putting him right on the cutting edge of the world of trading technology, particularly when it comes to making sure that the all-important ‘back-end’ is serving the needs of those on the trading floor – and the regulators.
We caught up with Florian in the run up to TradeTech Architecture to take a look at the technological challenges...

Jenkins Marshall Discusses Knight Capitals Global Program Trading Service

May 26, 2011 Comments (0)           

More and more brokers are now rolling out services to help their institutional clients beat high frequency traders at their own game, by using intelligent algorithms to minimise the possibility of  HFTs “sniffing out” their orders.
Recently on this website, we’ve looked at both Pipeline’s predictive algorithmic switching product, AlphaPro, and Deutsche Bank’s Stealth algorithm. Today, it’s the turn of Knight Capital, who introduced their Global Program...

Staying Competitive in the High Frequency Trading Space

May 23, 2011 Comments (0)           

An Interview with Will Mechem
 
In this interview for the High Frequency Trading Review, Mike O’Hara talks to Will Mechem, who is Managing Director of Pan Alpha Trading, a high frequency trading firm that uses quantitative, systematic, market-neutral investment strategies.
 
Will is also Managing Director of Willard John Thomas Associates, which provides consulting services to start-ups, technology firms and financial firms globally.
 
High Frequency Trading...

HFT Careers and How to Get Into High Frequency Trading

May 16, 2011 Comments (0)           

An Interview with Dominic Connor
In this interview for the High Frequency Trading Review, Mike O’Hara talks to renowned quant finance recruiter (or in his own words “quant pimp”) Dominic Connor, who together with Paul Wilmott, runs P&D Quant Recruitment. Dominic provides some valuable HFT career guidance for those who are looking to get into the game.
High Frequency Trading Review: Dominic, can you tell us a little about your own background?
Dominic...

How Deutsche Banks New Stealth Algorithm Uses HFT Models to Source Liquidity

May 12, 2011 Comments (0)           

The Autobahn® Equity business of Deutsche Bank recently released the “next generation” of Stealth, its liquidity seeking algorithm.
I spoke to Jose Marques, Deutsche Bank’s Global Head of Equity Electronic Trading, to find out more about how Stealth opportunistically sources liquidity by using similar alpha generation models to those used by high frequency trading firms.
High Frequency Trading Review: Jose, the original Stealth algorithm was launched...

Nanette Boden from Myricom Discusses OS Bypass Software for HFT

May 11, 2011 Comments (0)           

High frequency trading firms are constantly looking to improve the performance of their technology and seeking ways to reduce latency in a predictable and repeatable manner, keeping jitter to a minimum.
One technology vendor who is doing interesting work in this space is Myricom, who last week announced the release of their DBL 2.0 software. This is the latest version of Myricom’s Data Bypass Layer software for communicating directly with the firm’s 10-Gigabit Ethernet NICs,...

Can Predictive Algorithmic Switching be the Buy-Sides Answer to High Frequency Trading?

May 9, 2011 Comments (0)           

An Interview with Marcus Hooper
In this interview for the High Frequency Trading Review, Mike O’Hara talks to Marcus Hooper, CEO & Executive Director, Pipeline Financial Group Limited (www.pipelinetrading.com). Marcus discusses Pipeline’s new Alpha ProSM service – which uses predictive algorithmic switching technology to enable buy-side firms to maximise access to liquidity and minimise adverse selection – and shares his thoughts on the changing...

The US Stock Market May 6 2010 Flash Crash, One Year On Reports & Studies

May 5, 2011 Comments (0)           

Well, here we are coming up to the one year anniversary of the so-called “Flash Crash“, or Seis de Mayo as it has come to be known in some circles.
So rather than attempt any kind of in-depth analysis on the events of that fateful day myself, I thought I’d provide you with a central point where you can pick up the best, most detailed reports that have been written on the topic, so you can form your own opinion.
So here are the reports, in the order they...

SunGards Valdi Order Validator for Market Access

May 4, 2011 Comments (0)           

Since the announcement of the SEC’s Rule 15c3-5, the so-called “market access rule” requiring broker-dealers to perform pre-trade risk management on client order flow, vendors have been scrambling to release ever faster versions of pre-trade risk management systems that help satisfy this rule without slowing down trading.
One such vendor is SunGard, who recently announced the launch of their Valdi Order Validator. I spoke to Chris Lees, Vice President of...

Low Latency, High Performance Network Services for High Frequency Trading

May 3, 2011 Comments (0)           

An Interview with Alastair Kane
Sponsored by Level 3 Communications
In this interview for the High Frequency Trading Review, Mike O’Hara talks to Alastair Kane, Vice President of Segment Marketing for Financial Services at Level 3 Communications, the international communications company, about how their business is evolving to cater for high-speed, computer-driven trading.
High Frequency Trading Review: Alastair, can you give me a brief introduction to Level 3 and...