This month’s bulletin from the Financial Information Forum (FIF) finds that OPRA was 9% higher than its previous record attained in September with 746,294 messages per second (mps).
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This month’s bulletin from the Financial Information Forum (FIF) finds that Opra was 12% higher than its previous record attained in August with 687,604 messages per second (mps). The current OPRA ceiling is 1,387,000 mps which will increase to 1,540,000 mps on January 6, 2009.

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This month’s bulletin from the Financial Information Forum (FIF) finds that OPRA was 1% higher than its previous April 2008 one second peak with 517,764 messages per second (mps). The current OPRA ceiling is 1,387,000 mps which will increase to 1,540,000 mps on January 6, 2009.

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This monthly bulletin from the Financial Information Forum provides new record peaks for market data rates. Percentage increases based on a comparison between May and June peaks. Monthly data for OPRA, CTA, UTP, Nasdaq Proprietary, NYSE ArcaBook, CME and Deutsche Börse CEF feeds are available for FIF members here.

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This monthly bulletin from the Financial Information Forum provides key data points for market data rates. Percentage increases based on a comparison between April and May peaks.

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This monthly bulletin from the Financial Information Forum provides key data points for market data rates. Percentage increases based on a comparison between March and April peaks.

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This monthly bulletin from the Financial Information Forum provides key data points for market data rates. Percentage increases based on a comparison between March and February peaks.

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This monthly bulletin from the Financial Information Forum provides highlights from the FIF Consolidated Capacity Report. The full report is available to FIF members and includes capacity statistics on market data feeds distributed by NYSE Arca, SIAC, Nasdaq, CME and Deutsche Börse.

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Please excuse the headline … I wanted to be cute and grab some attention. When it comes to market data rates, OPRA - the Options Price Reporting Authority - makes the headlines that low latency vendors (and industry analysts) love to cite - because the numbers are so frighteningly big. The reality, though, is a bit different.
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This monthly bulletin from the Financial Information Forum provides highlights from the FIF Consolidated Capacity Report. The full report is available to FIF members and includes capacity statistics on market data feeds distributed by NYSE Arca, SIAC, Nasdaq, CME and Deutsche Börse.
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InfoDyne Corporation, provider of direct exchange feed handlers and ticker plant technology, says multiple customers have deployed its solution for the new ArcaBook Multicast for Equities full depth Orderbook feed from NYSE Euronext. The new FAST version of the ArcaBook Equity feed has just been release by ARCA to replace its existing TCP/IP based datafeed. Message rates last quarter on NYSE’s ARCA Equites feed hit one second peaks of 108,000, while on Nasdaq’s INET feed message rates rose to five second peaks of 60,000. By migrating to multicast distribution, ARCA’s head end system can transmit the data once to all subscribers, as opposed to sending it individually via TCP/IP sessions to each and every customer, which can cause data latency, especially at peak times of the day.

InfoDyne News Release

Technorati Tags: InfoDyne, ARCA, ArcaBook Multicast for Equities full depth Orderbook, NYSE Euronext, FAST, Nasdaq, INET

This monthly bulletin from the Financial Information Forum provides highlights from the FIF Consolidated Capacity Report. The full report is available to FIF members and includes capacity statistics on market data feeds distributed by NYSE Arca, SIAC, Nasdaq, CME and Deutsche Börse.
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This monthly bulletin from the Financial Information Forum provides key data points for market data rates.
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On Point Executions, an agency broker and provider of equity option smart order routing solutions, has announced a 140-fold increase in trading capacity. This has been attributed to the launch of STING, the firm’s new smart order router, as an execution destination on a number of trading platforms. This increase in trading capacity follows a near 600 per cent increase growth in volume in 2007 and a partnership with OptionsXpress allows retail clients access to this technology, now capable of trading 7,000 messages per second. Launched in July, STING is billed as the first agency-only smart order router which can connect to all US options markets without activating exchange preferences. By hitting all six markets simultaneously it can execute with both displayed and undisplayed liquidity and this gives higher execution quality by avoiding exchange quote traffic at near zero latency rates, On Point says. Because of this, STING is able to execute liquidity before most order routers can respond.

Technorati Tags: On Point Executions, STING, OptionsXpress, smart order routing, options markets

This monthly bulletin from the Financial Information Forum provides key data points for market data rates.
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A panel session hosted last week by Interactive Data Corp. on Reg NMS and its impact on market data volumes was notable for the spirited discussion among the panelists, covering subjects including projected versus actual data volumes, market structure changes and the impact of technology advances of data volumes. Moderated by IDC’s Mark Hepsworth, the panel comprised: Tom Price from TowerGroup, BT Radianz’s Chris Church, Steve Listhaus of Wachovia and Vijay Kedia of Flextrade Systems.

Listen to the session here

Technorati Tags: interactive data, reg nms, market data volumes, bt radianz, towergroup, wachovia, flextrade

It’s not just update rates themselves, but the pace at which the low latency marketplace is changing and direct datafeeds are being updated that’s creating a big challenge for users, according to pundits on the “Traffic & Latency: The More Things Change …” panel here at WFIC today.
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Datafeed vendors need to do more to minimize latency on their feeds, according to a survey conducted by Low-Latency.com and Reuters.  While 30 per cent of respondents felt that vendors were doing enough in this area, an overwhelming 61 per cent felt that more work was needed.  Respondents represented directors and heads of market data at global firms, along with technical and IT departments for both the buy- and sell-side.
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The one constant in the world of financial markets IT is that nothing stays the same for very long. The world of market data feeds and the applications that process them is no exception.

As data rates increase, and as processing systems (or any component of them) are upgraded and modified, performance can be hit. The trick is to constantly monitor the environment to pre-empt potential problems. But what should one monitor?

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Total US capital market spending on advanced trading technology will total $860 million this year, and reach $1.3 billion by 2010. So suggests analyst TABB Group in its new research report Trading at Light Speed: Analyzing Low-Latency Infrastructure.
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