Finance
I Don't Know Much about Art But I do Know my Algo Charts
13/08/10 12:28
[Redhill Technologies] Strangely artistic charts generated by algo trading engines. The data was gathered by Nanex and the story picked up by FT’s Alphaville.
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CESR Says European Consolidated Tape is a "Necessity"
01/08/10 22:49
[Redhill Technologies] Following a similar call from FESE (see an earlier post) CESR are saying the European Consolidated Tape is a must.
The real question is now not “when” but “how” and by “whom”. That is, will it be led by the regulators or the industry. In Europe, both these camps have a lot of voices so either option will have its difficulties.
My own view is that it should be industry-led (CESR shares this view) and that the market data format is the key technical consideration. Steve Grob of Fidessa suggests the FIX Protocol could fit the bill in his blog. I’m no great fan of FIX for the high-speed dissemination of market data, but for a consolidated tape a standard and widely used format, like FIX, is critical.
Have your own say at my LinkedIn poll.
http://www.finextra.com/News/Fullstory.aspx?newsitemid=21657 Read More...
The real question is now not “when” but “how” and by “whom”. That is, will it be led by the regulators or the industry. In Europe, both these camps have a lot of voices so either option will have its difficulties.
My own view is that it should be industry-led (CESR shares this view) and that the market data format is the key technical consideration. Steve Grob of Fidessa suggests the FIX Protocol could fit the bill in his blog. I’m no great fan of FIX for the high-speed dissemination of market data, but for a consolidated tape a standard and widely used format, like FIX, is critical.
Have your own say at my LinkedIn poll.
http://www.finextra.com/News/Fullstory.aspx?newsitemid=21657 Read More...
TradeKing adds Twitter trade notes capability
27/07/10 21:35
[Redhill Technologies] Get your market data via twitter - latency may be an issue but you can’t argue with the price and convenience...
http://www.finextra.com/news/announcement.aspx?pressreleaseid=34962
http://www.finextra.com/news/announcement.aspx?pressreleaseid=34962
NASDAQ OMX to Acquire World-Leading Market Surveillance System Provider SMARTS
27/07/10 19:48
[Redhill Technologies] A good deal for both NASDAQ and SMARTS.
Nasdaq gets a market leader in a niche, technically difficult market (and some very smart guys - pardon the pun!) and SMARTS gets the scale and clout it has lacked (and, I would assume, a large amount of cash).
http://www.a-teamgroup.com/article/nasdaq-omx-to-acquire-world-leading-market-surveillance-system-provider-smarts/
Nasdaq gets a market leader in a niche, technically difficult market (and some very smart guys - pardon the pun!) and SMARTS gets the scale and clout it has lacked (and, I would assume, a large amount of cash).
http://www.a-teamgroup.com/article/nasdaq-omx-to-acquire-world-leading-market-surveillance-system-provider-smarts/
NYSE Euronext Creates European Corporate Bond Trading Platform
27/07/10 08:49
[Redhill Technologies] NYSE Euronext to help the Cassiopeia Committee kick start the European corporate bonds market with technology. Building on the successful NYSE Arca Europe model, NYSE will reuse UTP to deploy a pan-European MTF for corporate bonds (the “Cassiopée MTF” ).
Perhaps there is life yet in Paris (contrary to earlier reports!)
http://online.wsj.com/article/BT-CO-20100726-704733.html
Read More...
Perhaps there is life yet in Paris (contrary to earlier reports!)
http://online.wsj.com/article/BT-CO-20100726-704733.html
Read More...
Hedgie Buys Up European Stock of Cocoa
18/07/10 12:18
Armajaro, a London based hedge fund, is now the proud owner of 240,100 tonnes of cocoa (or 7% of annual global production!).
Read More...
Read More...
NYSE Euronext Opens ‘NYSE Euronext London’
17/07/10 22:58
[Redhill Technologies] While the name NYSE Euronext London covers most of the western hemisphere this is all about London and Paris.
It is both a significant entry to the London market, where the LSE is already being crowded out by Chi-X and BATS and a major move for the NYSE away from Paris.
NYSE Euronext has invested heavily in London recently (data centres, Smartpool, NYSE ARCA Europe, SuperFeed, etc.) leaving Paris with only the Euronext markets and the spiritual home of UTP development. Perhaps this marks the beginning of the end?
http://www.mondovisione.com/index.cfm?section=news&action=detail&id=91716 Read More...
It is both a significant entry to the London market, where the LSE is already being crowded out by Chi-X and BATS and a major move for the NYSE away from Paris.
NYSE Euronext has invested heavily in London recently (data centres, Smartpool, NYSE ARCA Europe, SuperFeed, etc.) leaving Paris with only the Euronext markets and the spiritual home of UTP development. Perhaps this marks the beginning of the end?
http://www.mondovisione.com/index.cfm?section=news&action=detail&id=91716 Read More...
NYSE Arca Completes Migration To The UTP With Successful Rollout Of NYSE Arca And NYSE Amex Options
08/07/10 10:08
[Redhill Technologies] A big step in moving the Options markets on to UTP - really puts the “U” into UTP!
http://www.mondovisione.com/index.cfm?section=news&action=detail&id=91528
Read More...
http://www.mondovisione.com/index.cfm?section=news&action=detail&id=91528
Read More...
FESE: European Exchanges Launch Actions To Facilitate Equity Data Consolidation
08/07/10 10:06
[Redhill Technologies] “Official” backing for a move towards a consolidated European market data feed.
Much talk has been made of replicating the American CTS/CQS model here in Europe and while the likes of the NYSE Euronext SuperFeed is a step in the right direction it needs to be a MiFID enforced endeavour...
http://www.mondovisione.com/index.cfm?section=news&action=detail&id=91514
Read More...
Much talk has been made of replicating the American CTS/CQS model here in Europe and while the likes of the NYSE Euronext SuperFeed is a step in the right direction it needs to be a MiFID enforced endeavour...
http://www.mondovisione.com/index.cfm?section=news&action=detail&id=91514
Read More...
Chi-X Japan Receives Launch Approval
07/07/10 23:38
Chi-X Japan’s PTS license Granted - Trading Expected To Begin July 29
[Redhill Technologies] Japan’s first equities ATS. Has TSE done enough with its investment in technology (Arrowhead, NYSE Liffe) and price restructuring to maintain its grip on the Japanese trading markets? While TSE has had more time to shore up it defences, many European and North American incumbent exchanges have found the Chi-X mix of high-speed/low-cost/innovative trading model hard to compete with...
http://www.mondovisione.com/index.cfm?section=news&action=detail&id=91499 Read More...
[Redhill Technologies] Japan’s first equities ATS. Has TSE done enough with its investment in technology (Arrowhead, NYSE Liffe) and price restructuring to maintain its grip on the Japanese trading markets? While TSE has had more time to shore up it defences, many European and North American incumbent exchanges have found the Chi-X mix of high-speed/low-cost/innovative trading model hard to compete with...
http://www.mondovisione.com/index.cfm?section=news&action=detail&id=91499 Read More...
NYSE Global Markets and the Asset Classes they Carry
27/06/10 12:09
[Redhill Technologies] The diagram below was created in response to a question (http://bit.ly/c218hR) originally asked by Aygul Umurzakova (http://bit.ly/ag9KLe) on LinkedIn.
Disclaimer: it’s based on my own experience and information freely available on the web (mostly the very good www.nyxdata.com). Read More...
Disclaimer: it’s based on my own experience and information freely available on the web (mostly the very good www.nyxdata.com). Read More...
Deutsche Börse Algo News Feed Now Available In Three Data Centers In London
23/06/10 10:56
[Redhill Technologies] DB expands access to AlphaFlash (it “delivers more than 150 machine readable macroeconomic indicators directly into trading algorithms” ). News continues to be a key piece of the market data jigsaw and so fast access to it is becoming a differentiator.
http://www.mondovisione.com/index.cfm?section=news&action=detail&id=91194 Read More...
http://www.mondovisione.com/index.cfm?section=news&action=detail&id=91194 Read More...
NASDAQ And Xignite To Provide On-Demand Tick Data Via Cloud Computing Platform
22/06/10 23:06
[Redhill Technologies] A new solution to an old problem... While traders have always needed access to historical data to exercise their algos, solutions have generally been bespoke and data storage heavy (and therefore costly).
Pushing it into the “Cloud” and making it Data-On-Demand will certainly lower costs and provide an innovative solution but will bandwidth just become the new bottleneck?
http://www.mondovisione.com/index.cfm?section=news&action=detail&id=91196 Read More...
Pushing it into the “Cloud” and making it Data-On-Demand will certainly lower costs and provide an innovative solution but will bandwidth just become the new bottleneck?
http://www.mondovisione.com/index.cfm?section=news&action=detail&id=91196 Read More...
NYSE Technologies and Corvil Announce LatencyStats.com
22/06/10 19:54
[Redhill Technologies] A fascinating new website that shows key latency and bandwidth stats for market data on AcraBook and OpenBook realtime. A bold step from NYSE and hopefully more stats and markets will follow.
It also has the real potential to start defining an industry standard for the measurement of latency...
http://www.latencystats.com/blog/nyse-technologies-and-corvil-announce-latencystatscom Read More...
It also has the real potential to start defining an industry standard for the measurement of latency...
http://www.latencystats.com/blog/nyse-technologies-and-corvil-announce-latencystatscom Read More...
FSA Disbanded
17/06/10 10:37
[Redhill Technologies] So the emphasis is now on “macro-prudential regulation” or overseeing the whole financial system in a national context, but will changing the name on the door do that...
http://www.guardian.co.uk/business/2010/jun/16/mervyn-king-oversee-financial-regulation Read More...
http://www.guardian.co.uk/business/2010/jun/16/mervyn-king-oversee-financial-regulation Read More...
How will US Circuit Breaker Policy Affect Asia’s Markets?
26/05/10 21:51
[Redhill Technologies] Interesting view on how it will affect Asia...
http://www.asiaetrading.com/how-will-us-circuit-breaker-policy-affect-asias-markets/?offset=1 Read More...
http://www.asiaetrading.com/how-will-us-circuit-breaker-policy-affect-asias-markets/?offset=1 Read More...
Flash crash prompts circuit breaker roll-out
26/05/10 21:46
[Redhill Technologies] This story rolls on, it seems they don’t know what caused it but they do know how to stop it happening in the future? Regardless, circuit breakers are a good idea...
http://www.finextra.com/news/fullstory.aspx?newsitemid=21401 Read More...
http://www.finextra.com/news/fullstory.aspx?newsitemid=21401 Read More...
FSMLabs TimeKeeper And Spectracom NetClock Deployed With Leading Financial Services Firms
20/05/10 19:44
Enable Trade Data Time-Stamping Accurate To Tens Of Microseconds Across Global Network
[Redhill Technologies] Clock sync’ing is a key concern in performance measurement and GPS an interesting part of the solution...
http://www.mondovisione.com/index.cfm?section=news&action=detail&id=90437 Read More...
TMX Information Processor Launches With All Canadian Marketplaces
13/05/10 11:07
[Redhill Technologies] This is a great example of an Exchange providing a complete range of consolidated data products. It’s also an innovative way for an incumbent exchange to take on the challenge of the MTFs...
http://www.mondovisione.com/index.cfm?section=news&action=detail&id=90344
Read More...
http://www.mondovisione.com/index.cfm?section=news&action=detail&id=90344
Read More...
High Frequency Trading Benefits from Fermi Architecture
08/05/10 19:32
[Redhill Technologies] HFT firms using high-end graphics cards...
http://www.hpcwire.com/offthewire/High-Frequency-Trading-Benefits-from-Fermi-Architecture-92997119.html Read More...
http://www.hpcwire.com/offthewire/High-Frequency-Trading-Benefits-from-Fermi-Architecture-92997119.html Read More...
Exchanges Consider Stock-Specific Circuit-Breakers
07/05/10 21:01
http://online.wsj.com/article/SB10001424052748703338004575230440147772822.html?mod=WSJ_Markets_LEFTTopNewsInt Read More...
NYSE Euronext Opens Its European Liquidity Data Centre
05/05/10 09:37
State-Of-The-Art Centre Ensures Lowest Latency Co-Lo Services And Market Connectivity
http://www.mondovisione.com/index.cfm?section=news&action=detail&id=90147 Read More...
http://www.mondovisione.com/index.cfm?section=news&action=detail&id=90147 Read More...
European MTF Market Shrinks by One
28/04/10 19:50
http://www.finextra.com/news/fullstory.aspx?newsitemid=21335
