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The Trading Mesh

June 2012

New Innovations in HFT

June 27, 2012 Comments (0)           

By Nick Deacon
The world of low-latency trading is an arms race. From month to month, week to week and day to day, everything about a firm’s trading systems, strategies and the algorithms that execute those strategies must be better than the competition’s—better, faster and more intelligent.  
But sources of innovation can be difficult to come by. As soon as one firm discovers a new toehold, yielding a sliver of advantage, you can expect that discovery to...

Big Data Laying the Foundation for Business And Technology

June 26, 2012 Comments (0)           

Authorities cannot regulate all of the features that unstructured data will offer, be they in the form of social media and other channels, regulators said at SIFMA Tech Expo 2012 last week. Yet “every firm will be under regulatory pressure to produce a defensible risk architecture by 2016,” as my fellow Trading & Risk Technology blogger Stuart Grant noted in April. Unstructured data and other forms of Big Data are going to be around for a while. So capital markets firms face a choice: Make...

Liquidity Risk, Unstructured Data and Stream Processing are Sybase Features at SIFMA Tech Expo 2012

June 19, 2012 Comments (0)           

“How do you gain exposure to potential sources before performing detailed evaluation of the suitability of each?” Max Bowie asked Monday in Waters Technology. “For many years, SIFMA fulfilled this role.” And SIFMA Tech Expos are still a venue in which data and technology vendors can get to know other players and meet new customers, Bowie noted. This week’s SIFMA Tech Expo 2012 will also draw securities firms, banks and asset managers, as well as those engaged in data management and social media...

Event-Risk Hedging and the Woes of Rebounding Stock

June 11, 2012 Comments (0)           

Imagine how horrible it would be if Spain sorted its banking industry, and Greece generally got its act together. Wouldn’t it be awful if European stocks rebounded?
Investors who are negative on European equities would say so. And, naturally, they’re hedging.
“If your total portfolio is lined up for only one outcome, you may be wrong-footed,” Arthur Van Slooten, a strategist with Société Générale, told Reuters. So traders are trying...

The Good and Bad of Devolving Into An Unruly Mess

June 6, 2012 Comments (0)           

Another recession within the next year or two is possible — and it could drive down the S&P 500 by 30 percent to 850 points, according to Barry Ritholtz during a discussion Tuesday on Bloomberg TV. “We’re in a secular bear market that began in 2000 and will run until whenever it ends … sometime between Thursday and 2017,” said the FusionIQ CEO and columnist for The Washington Post. Ritholtz knows something about financial crises. He literally wrote the book (pun intended) on the...