To make your name on Wall Street today, you no longer need a seat on the New York Stock Exchange. But your server better be colocated in the same data center as the NYSE's matching engine.
As the markets have grown increasingly electronic, speed has become the name of the game. And even the buy side is caught up in the race. To accelerate executions and spread their reach, hedge funds and other buy-side firms increasingly are colocating their trading strategies. Advanced Trading's August digital issue examines the drivers behind the trend as well as some of the costs.
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In This Issue:
LOCO ABOUT COLO: More and more hedge funds are jumping on the colocation bandwagon to get closer to the action and level the playing field with the larger investment firms and established high-frequency trading shops.
INSIDE THE BUY SIDE'S DECISION TO COLOCATE: Quantitative asset managers increasingly will colocate their trading strategies, says EMC Consulting's Prashanth Nandavanam, who explains the drivers behind the decision.
Larry Tabb Investigates The Global Exchange Aggregation Scheme
Hedge Funds Score Major League Action
Bill Miller's Abrupt Fall From Grace
Easing IPO Rules: Helping Small Firms Help Themselves