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Building a low latency trading architecture is not just about high performance and speed, it is also about usability, agreed panellists debating ‘Deploy Fast, And Build to Last’ at this week’s Business & Technology of Low-Latency Trading (BTLLT) event in London. However, there was some debate between panellists from TraderServe and Sybase about the shelf life of an algorithm: figures ranged from four days to four years.
Singapore based financial house PhillipCapital is rolling out RTS Realtime Systems’ low latency, event-based algorithmic trading solutions for the customers of its stock broking subsidiary Phillip Securities. The algo arrangement has been made ahead of the planned opening of Singapore Exchange’s Reach trading platform in August 2011 (see more on which here). The exchange claims the platform will be the fastest in the world.
Well, FIX Cancel messages, to be precise. A just-released white paper from Wall Street FPGA - a company whose focus is pretty self explanatory from its name - details how Field Programmable Gate Arrays (or FPGAs) can be used along with the open source QuickFIX engine to rapidly fire off cancel messages to matching engines.
While sell-side firms are eager adopters, OMS and EMS vendors have been slow to embrace an algorithmic trading language from the FIX Protocol Organisation, which helps them quickly adapt their systems to new algorithms, according to a panel at A-Team Group’s Insight Exchange conference on High Performance Technologies for Trading and Risk, held in New York this week.
With the recent launch of its Financial Markets Framework, IBM is positioning itself as a provider of pre-integrated solutions to trading and investment firms, leveraging its own portfolio of hardware and software offerings, and augmenting them with consulting expertise and partner products. The move follows a direction that the IT giant has already taken in verticals such as banking, insurance, and outside of financial services.
Sao Paulo, Brazil-based Alliance Asset Management has gone live with a tick data management and complex event processing (CEP) system from OneMarketData. The proprietary trading specialist commenced production use of the OneTick solution a week ago, using it to “generate alpha researching trading ideas that occur at higher frequencies,” says Vinicius D’alesandro, a partner at the firm.
SunGard has extended its Valdi Market Access solution with the addition of a hosted connectivity service to EuroTLX, a Milan based European multilateral trading facility that claims to the first fixed income market in Europe focused on retail investors.
Trading software and connectivity specialist Ullink is working towards a late summer release of its “HFT in a Box” offering, which will combine a number of functions, including market data handlers, trading gateways, client algorithms, pre-trade risk controls and network connectivity, on to a single server, in order to minimise latency in the overall package.
Kairos Asset Management (KAM), a Sao Paulo, Brazil-based company, with US$100 million under management, has confirmed its commitment to the StreamBase complex event processing (CEP) platform by adding futures strategies to the high frequency equities trading strategies it already runs on the platform (see its earlier deployment here).
SunGard is rolling out Valdi, a multi-asset trading suite combining OMS, smart order routing and liquidity services delivered as a hosted solution. Valdi draws upon existing SunGard offerings augmented with new functionality, promoted as a new single brand - a continuing sign of how the software giant is combining point solutions (many of them the result of acquisitions) into enterprise offerings to meet the more sophisticated needs of global customers.



















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