Following its signing of an agreement to acquire Chi-X Europe back in February (see the release 
Low latency infrastructure specialist Endace Technology has submitted feedback to the European Commission’s MiFID review, recommending mandatory one nanosecond time stamp increments in pre and post-trade data feeds, clock synchronisation to GPS time signals and a consolidated tape that incorporates these timing recommendations. The New Zealand based company also suggests the Commission should consider the need for consistent standards in the area of cyber security, especially for major execution venues.
Plus Markets’ plans to develop a competitive stock exchange by creating new products and services on the basis of its status as a recognised investment exchange are underpinned by a technology strategy that builds on Algo Technologies’ software.
Completing its transition from an ECN to regulated exchange status, Jersey City-based Direct Edge today announced the launch of trading across all stock symbols on its EDGA and EDGX “next generation” trading platforms, the result of almost two years of planning and collaboration with a raft of technology partners, including Microsoft, HP, Intel and Cisco Systems.
A-Team Insight Events combine A-Team's expertise in financial markets IT with thought leadership from world-class technology innovators and practical experience from financial market practitioners. In 2011, a quality constituency will once again gather for these focused events in London and New York City.
With the announcement today of its Capital Markets Community Platform, NYSE Technologies is bringing cloud computing into the world of electronic trading and low latency. Well, kind of.
Already an established provider of hosted, managed services, such as its Superfeed data feed, and its Risk Management Gateway for pre-trade risk controls, the vendor - a unit of NYSE Euronext - is now providing infrastructure-as-a-service on which trading firms can run their own applications. Both dedicated infrastructure - including servers and storage - as well as virtualised infrastructure - aka cloud - is being offered, with low-latency access to NYSE real-time and historic data, and transaction services.
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So as somewhat expected, Nasdaq OMX is making a play for NYSE Euronext, pulling in IntercontinentalExchange as a partner, and offering a good premium over Deutsche Boerse’s bid.
Regulatory issues - which are likely to be significant for both bids - aside, the Nasdaq/ICE bid looks credible on paper. But what does it say - and what can one speculate - about the resulting trading platform and markets technology businesses?
View the full article on Low-Latency.com