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New Money for Correlix; But What Next?
While it didn’t make a splash about the event, latency monitoring specialist Correlix last week acknowledged that it has raised further capital from existing investors and hired former Island and Inet exec Richard Wilkins as vice president of sales, a position that has been vacant for a couple of years. Wilkins reports to founder and…
Q&A: Art Novikov on the Sweet Spot of High Performance Market Data Processing
Building systems for low-latency market data integration with trading systems requires a rare combination of technology skills and financial markets understanding. IntelligentTradingTechnology.com talked to Art Novikov, founder of Trading Physics, which leverages that combination for its customers – whether they be vendors or market participants. Q: First off, can you explain what Trading Physics does,…
Nanosecond Market Data Feeds – FPGA Centric vs. FPGA Accelerated Designs
The “Microburst” Problem Trading architects face the constant challenge of lowering latency. Today, this challenge is focused on achieving nanosecond speeds in a deterministic way, even during periods of high market activity, so called ‘microbursts’. In fast moving ‘bursty’ markets, commodity CPUs are no longer capable of offering the lowest latency or tolerating microbursts. Memory…
Datacom Taps Formby, Releases Matrix Switch for Co-Lo
Datacom Systems – a vendor of network taps and matrix switches – has appointed Kevin Formby as its new president and CEO. Formby joins from packet capture/latency monitoring specialist Endace, and as such brings with him much experience of the financial markets vertical in general, and low-latency infrastructure in particular. On the heels of Formby’s on-boarding,…
Direct Edge Taps Xignite for Historical Data Cloud
Stock exchange Direct Edge has launched EdgeBook Cloud, an on-demand service providing depth-of-book historical trade and quote data from its EDGA and EDGX markets. The data is delivered via Xignite’s cloud-based infrastructure, and is targeted at market analysis, back-testing, and compliance applications. There are three delivery options: “Our goal is to make EdgeBook Cloud the…
Solarflare Leverages FPGAs for ApplicationOnload Engine
Solarflare Communications has announced its ApplicationOnload Engine (AOE) – combining 10gE networking with FPGA technology that allows trading applications to run fully on a network card, for the lowest latency. Planned to ship in Q2, AOE is Solarflare’s response to wide customer demand, says CEO Russell Stern. Already well established in financial markets firms with…
Vendor Consortium Pushes Reference Stack for High Performance Trading; Publishes Benchmarks for FIX Messaging
Following on from an announcement at the end of last year, a consortium of IT vendors has published a white paper outlining a reference stack for high performance trading applications, and has documented a set of benchmarks conducted on commercial and open source FIX engines to demonstrate different performance characteristics of the stack. As it…
Q&A: Brand Hunt of 60East on Awesome Code and Fast Messaging
When one thinks of low-latency messaging, it’s companies like Tibco, Informatica, Solace that come to mind. But also in the mix is the stealthy 60East Technologies, about to release its latest version. IntelligentTradingTechnology.com got the scoop from co-founder Brand Hunt. Q: So when and how did 60East Technologies get started, where is it today, and…
Q&A: Certichron’s Tim Costello on Why It’s Important to Know the Time!
In low-latency electronic trading, and especially in an increasingly regulated world, being able to document transactions and especially exactly when they happen – in a way that is provable when disputes arise – could be crucial. But who has the correct time? That would be Certichron, says its director of sales Tim Costello, below in…
Lime Brokerage Rolls LimeDirect Pre-Trade Risk; Minimises Latency, Shuns FPGA Technology
Lime Brokerage has rolled out its LimeDirect pre-trade risk service – providing compliance for SEC rule 15c3-5 while adding minimal latency. But unlike competitive services, the offering – which Lime officials say is based on an “innovative blend of hardware and software” – does not leverage FPGA technology, because Lime technologists believe it is too…