Capital markets firms have been implementing a number of different strategies for reducing latency – from increasing network bandwidth, to implementing low latency applications, to collocation – giving rise to the question: What’s next?

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By Steve Wong, Vice President of Marketing, ClearSight Networks

In today’s ultra-competitive financial environments, electronic trading systems not only require but also demand the greatest possible advantage in the delivery and receipt of market data and in the execution of trades. Electronic trading algorithms are essentially responsible for determining an organisation’s survival, as most trading systems input company information, analyst recommendations or security execution orders as the basis for their trading decisions.

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Issue 5 of A-Team Group’s contributed thought leadership quarterly Low Latency - Are You Performing? is now available for download. Read contributions from Endace, Juniper Networks and SeaNet Technologies. Click on the cover image below to download the PDF.

The latest issue of Intelligence in Finance - Intel’s financial services IT publication - is now online. Click the cover image below to read it online or download.

Issue 4 of A-Team Group’s contributed thought leadership quarterly Low Latency - Are You Performing? is now available for download. Read contributions from Sybase and Fidessa. Click on the cover image below to download the PDF.

By Dave Lauer, Senior Systems Engineer, and Rob Ciampa, Vice President, Tervela

In the new era of microsecond latency, is the quickest path between two points a straight line? Traditionally, messaging implementations aim to move information between publishers and subscribers by the most direct means possible, which often becomes the argument against legacy centralised, middleware messaging and queuing systems. Proponents of direct-connect, peer-to-peer messaging systems contend that it is impossible to put an extra hop between two hosts and provide a lower-latency path. This is true, but only in theory.

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By Bob Van Valzah, Director, Technical Marketing, 29West

Hardware-only vs hybrid vs software-only approaches to handling high data volumes with ultra low latency – Is there a clear winning approach or is the solution dependent on the specific application?

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Issue 3 of A-Team Group’s contributed thought leadership quarterly Low Latency - Are You Performing? is now available for download. Read contributions from Interactive Data, Aleri and Exegy. Click on the cover image below to download the PDF.

Technorati Tags: low latency are you performing, thought leadership, Interactive Data, Aleri, Exegy

By Simon Garland, Chief Strategist at Kx Systems

Everyone is keen to climb on the low latency bandwagon. This is due to several factors, not least the exponential growth in market and trade data volumes that exchanges and financial institutions are having to process. Others include the growth in derivatives and algorithmic trading, the scores of new assets and asset classes being traded, and the increase in the number of players in the financial markets, particularly in emerging economies.

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Issue 2 of A-Team Group’s contributed thought leadership quarterly Low Latency - Are You Performing? is now available for download. Read contributions from Fidessa and Interactive Data. Click on the cover image below to download the PDF.

Technorati Tags: low latency are you performing, thought leadership, fidessa, interactive data

Issue 1 of A-Team Group’s contributed thought leadership quarterly Low Latency - Are You Performing? is now available for download. Read contributions from Aleri, Interactive Data and Endace. Click on the cover image below to download the PDF.

Technorati Tags: low latency are you performing, thought leadership, aleri, interactive data, endace

By Don DeLoach, President and CEO, Aleri

Part 4 of 4

[Don concludes this series by looking at CEP applications beyond the financial markets]
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By Don DeLoach, President and CEO, Aleri

Part 3 of 4

[Don continues by outlining further capital markets applications for CEP]
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By Don DeLoach, President and CEO, Aleri

Part 2 of 4

[Continuing on from Don's introduction to this subject, he begins to drill down on applications that can leverage CEP]

Not unlike any emerging modality in computing, market acceptance tends to determine the “must have” capabilities for the market participants. This was true with relational databases regarding stored procedures and triggers and row level locking; it is true of televisions supporting HDTV, and it is true for digital audio support of MP3 formats. Notwithstanding the bluster of any particular vendor with larger than reality self perception, it is the market, and only the market, that determines standards and direction.
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By Don DeLoach, President and CEO, Aleri

Part 1 of 4

Complex Event Processing is, always has been, and will continue to emerge as much more than just a platform for algorithmic trading. Yet, “Algo Trading” is hot and CEP is definitely a new technology that can be leveraged for strategic advantage in support of algo trading. While you may need a PhD in Mathematics to develop the hot new strategy, it certainly doesn’t take one to see the synergies between algo trading and CEP. Increasingly pronounced is the uptick in buzz around the Complex Event Processing market and its ability to service the emerging algo trading demands.

While a lot of the buzz may be around algo trading, people are quickly realizing the power of applying CEP technology across a wide range of problems – anywhere there is a need to analyze fast moving data in real-time, with minimal latency. At Aleri, we’re certainly seeing the interest in CEP for algo, but that only represents a distinct minority among the places this technology is being applied.
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By Tony McManus, Wombat Financial Software and John Morrell, Coral8

The recent increases in global execution volumes are driving a common need among all market participants for high-speed business logic deployed in ever shrinking timescales. Because of this, real-time analytical event processing is now a cornerstone of trading technology in the multi-asset capital markets sector. In order to create and maintain a competitive advantage, these increasingly sophisticated trading institutions insist that their systems utilize a high-performance, low latency processing platform that is easy to develop, deploy, extend and integrate.

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By Simon Garland, CTO, Kx Systems

The traditional separation of asset classes into distinct business organizations with incompatible trading systems is an idea whose time has ended. Today the growing quest to automate every variety of asset trading – and in so doing to make possible the trading of assets among different classes – has created a growing business case for cross asset systems. Still, business case notwithstanding, it remains all too easy to fail at cross-asset trading. Here are some tips on how to succeed.

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By Henry Young, Director, TS-Associates

The era of software-based market data systems running on generic server and desktop hardware is now well through its second decade. The lifeblood of any large trading floor flows through the veins of its digital data distribution system. When the flow stops, all hell breaks loose. Our firm, TSAssociates, is in the business of preventing that from happening.

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