Here are the some of news pieces on AutomatedTrader:
More on AutomatedTrader.net.
Following NYSE’s announcement, Savvis now came out with a press release launching the initial phase of Savvis Markets Infrastructure. Basically, Savvis will now offer colocation services with a financial flavor, including market data and exchange connectivity. This space is definitely hot right now.
Here a couple of articles I found interesting on high frequency. It is now common knowledge that conventional markets (equity/options/fx) are now pretty saturated and HFT traders have extracted pretty much everything that can be extracted. They now need to hunt for new inefficiencies and it seems they have found what they were looking for in EMs.
Reuters had an article titled EM currencies brace for high frequency trading.
The Financial Times had one titled The future is all about cross-asset arbitrage.
Needless to say, having high frequency trading on these markets will affect movement there and could eventually affect how managers trade these markets.
UHFT has a great reflexion on Market Structures.
Cinnober introduced TRADExpress Ultra coined as the world fast matching engine, which offers average door-to-door latency well below ten microseconds (<10 µs) with full redundancy. From Securities Technology Monitor.
Scott Andrews “The Gap Guy” has a great post today. On top of covering his favorite topics, gaps, he clearly illustrates the power of probability and backtesting.
I was subscriber of Scott’s for a while and he offers his subscribers truly valuable probabilities on gaps. I will be back. I would to develop to put all this information in an ATS.
73 de Stoploss.
More and more news and opinions are coming out on NYSE’s new cloud offering or “Capital Markets Cloud Community Platform”.
Most, so far, are raising the same concerns: will capital market firms continue to fear and shun this community cloud platform like they have the more traditional clouds. I am not ready to pronounce myself on but I do strongly believe they should since cloud computing is pretty much here to stay. Building an entire infrastructure adds costs that prevent certain strategies from being profitable. Using a pay-as-you-go commodity computing, gives you more flexibility and allows smaller strategies and smaller firms to play on even foot with the big players.
I recently read in Security Technology Monitor about NYSE’s new cloud computing offering.
I truly believe this is the way of the future. For years, discussions have been going on about the use of the “Cloud” in enterprise environments. The adoption has been slow but cloud services have made gains even as it suffered a few set backs (Amazon Cloud Failure Takes Down Web Sites). Slowly, hedge funds and other firms have started to leverage the use of cloud computing for various tasks.
NYSE latest offering would fall in the category of “Specialty Cloud” and could definitely revolutionize the market. The Quants, already surrounded with good programmers, can now lease first class computing power, directly inside NYSE’s datacenters, provide fast access to SuperFeed and all it’s market data. No need for a big infrastructure deployment, no need to worry about power and cooling and everything it comes with.
Computing is more and more becoming a commodity and offerings like this only solidify what started years ago.
