links for 2011-08-07
Reply
links for 2011-08-03
links for 2011-08-02
-
Very nice article about the current situation in the US.
links for 2011-08-01
-
A great read on HFT programmers, languages and tools.
AutomatedTrader News Updates
Here are the some of news pieces on AutomatedTrader:
- Thompson Reuters‘s Elektron platform has gone Cloud
- CFN Services launches Alpha Platform ultra-low-latency trading system. Story here…
- NYSE picks UNX for it’s Capital Markets Community Platform. Story here…
More on AutomatedTrader.net.
Savvis IT cloud and customized IT solutions offering
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.
HFT takes on EM
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.
This week
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.
Gaps and probability
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 on NYSE’s cloud offering
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.
- Wall Street and Technology covered the launch yesterday. They also have a follow-up article available.
- The UHFT blog is also covering the topic.
- FIN Alternatives also had a post on the topic.
- Story in FT.
- eweek.com.
- Forbes covers the announcement and looks are the perspective of Banks. We all know banks and hedge funds are two completely different animals. Some questions remains: Is the small firm / hedge fund community large enough to support this cloud offering and will banks jump onboard.
- MarketWatch.com
- The Datacenter Journal.
