From A-Team Group’s Market Data Insight, April 2007: Activ Financial appears to be first out of the box with a hardware-based solution to clients’ low latency challenges using Field Programmable Gate Array (FPGA) technology. The company plans to formally introduce its ActivFeed MPU (Market Data Processing Unit) hardware accelerated feed processing platform at an event at the Nasdaq MarketSite in New York on May 14.
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From A-Team Group’s Market Data Insight, April 2007: Wombat Financial Software’s collaboration last month with AMD and Cisco Technologies in a latency benchmark test conducted by Peter Lankford’s Securities Technology Analysis Center (Stac) is aimed at easing client prospects’ concerns as they mull the possibility of migrating to InfiniBand technology within their low latency market data infrastructures.

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From A-Team Group’s Transaction Networks & Technologies, April 2007: Pan-European exchange Euronext is seeking to reinforce its drive towards improved speed, flexibility, capacity and reliability with two new services slated for launch later this year, which it says complement the MiFID related services it announced earlier in 2007. Euronext’s efforts to offer lower latency are consistent with the strategy of exchanges worldwide to maximize the appeal of their liquidity by streamlining access to support increased algorithmic trading activity and soaring market data volumes.
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From A-Team Group’s Market Data Insight, March 2007: Interactive Data Corp. is set to join Reuters and Thomson Financial in offering a direct exchange data capability designed to meet the increasingly low-latency requirements of client institutions’ algorithmic trading, order management and other applications. The company plans to launch its new DirectPlus hosted service at the end of April, with Phase I of the rollout proving access to direct feeds from five high-volume U.S. exchange and ECN sources.

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From A-Team Group’s Market Data Insight, February 2007: Thomson Financial has forged an agreement with Wombat Financial Software to embed Wombat’s low latency market data delivery capability within the real-time Thomson Data Feed (TDF). The deal gives Thomson a jumpstart in the area of direct exchange feed delivery and handling, and lends credence to Thomson’s plan to offer enterprise distribution of its data.

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From A-Team Group’s Transaction Networks & Technologies, February 2007: HypoVereinsbank (HVB), part of the Unicredit Group, has gone into production with a cross-asset database system built using technology from Kx Systems to support its proprietary trading desks in Munich and London. The custom solution, running on 64-bit hardware, is being used to capture and analyze millions of streaming market ticks for immediate real-time analysis and to perform complex analytics on historical data.

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From A-Team Group’s Transaction Networks & Technologies, February 2007: The roundtrip latency of pan-European equity ATS Instinet Chi-X has been measured at 10 milliseconds in a series of tests performed by TransactTools, the provider of messaging technology recently acquired by NYSE Group.

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From A-Team Group’s Market Data Insight, January 2007: FIX Protocol Ltd (FPL) has released version 1.1 of its FIX Adapted for Streaming (Fast) Protocol data compaction methodology.

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From A-Team Group’s Market Data Insight, January 2007: London-based Fixnetix Ltd. last month quietly unveiled its iX-Direct so-called ultra low-latency data service. The new hosted service uses Level 2 non-routed fibre network to connect institutions’ trading operations directly with European exchanges, for direct access to high-speed market data services.

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From A-Team Group’s Transaction Networks & Technologies, January 2007: Nyfix Inc has implemented Skyler Technology’s C3 Database for its new order book server to handle what it terms “drastically increasing quote and order book data volumes”. The deal marks Skyler’s first major contract since it entered the high-performance financial data handling space last summer.

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From A-Team Group’s Market Data Insight, December 2006: Benchmarking tests suggest that the new quad-core Intel Xeon processing 5300 series chips launched by the vendor in considerable style at the so-called ‘Gherkin’ building in London late last month will facilitate vast latency reductions in market data delivery.

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