Latency Risk Exposure On the Rise
In 2008, 16 percent of all U.S. institutional equity commissions are exposed to latency risk, totaling $2 billion, according to a new report from the TABB Group.
Mitsubishi UFJ Securities Rates Group Getting A Tech Makeover
The rates trading group at Mitsubishi UFJ Securities, part of Mitsubishi UFJ Financial Group (the largest financial institution in the world in total assets), is putting new technology behind its approach to relative value pricing and dissemination of market data. The group, which was formed in March 2006 and now employs 50 people, is installing a real-time tick database and low-latency price distribution technology.
Cox Joins Barclays; Northern Trust Promotes Daswani; The Depository Trust & Clearing Corp. Names Four Members to Board of Directors.
Magee Joins Information Mosaic as COO
Kevin Magee, who will lead the company's expansion, says Information Mosaic needs to continue creating products that will satisfy the needs of a market heavily dependent on customization in order to run its business.
Goldman Sachs Enhances REDIPlus EMS
Version 8.0 of GSET's REDIPlus proprietary execution management system includes a revamped front end, additional foreign languages, and expanded algorithmic offerings.
Optimizing the Web for Sales
Fund companies should view the Web as a 24/7 wholesaler that can extend a broader reach to investment advisers than the distribution team of any single asset manager, says kasina.
CEP Gathering Momentum, New Use Cases
Adam Honore, senior analyst at Aite Group, has just completed a worthwhile report on complex event processing (which I loosely define as technology that can perform analytics on streams of extremely fast-moving data) on Wall Street. After conducting interviews with captial markets technologists, vendors, standards organizations and data providers, Honore has come to several conclusions, among
High-Performance Server Brings Low Latency to Java Apps
Java's popularity - according to IDC, more than $11 billion, or 20% of worldwide server spend, was devoted to Java servers in 2005 and analysts estimate that number is growing 15-20% annually - is sweeping the Street, at least according to anecdotal evidence. "There are four areas in which we've succeeded in the last 18 months: derivatives trading, risk analysis, hedge funds and foreign exchange," reports Ram Appalaraju, vice president of marketing at Azul Systems, maker of a Java acceleration a
SkyGrid Aggregates, Filters News for the Street
Traders, institutional investors, research analysts - really, who doesn't want to be able to see the latest news related to companies in which they've invested in or might want to invest? The challenge is being able to sift through the oceans of data available via news services, national and local publications, email newsletters, websites, blogs and social media to see the most relevant news the instant it happens, and be able to tell at a glance whether it's time to buy, sell or hold. A growing
The Low-Latency Race
Today's latency standard is 65 microseconds, down from 6 milliseconds two years ago, according to TABB Group.
Staying on Top of the Data Crush
To combat mounting data challenges, firms are moving beyond dual-core processing into multi-core processing and co-locating at exchange sites.