Hey, in case you haven't seen it, our new US Equities News is out, and it packs a lot of useful traderish information into just a few pages.
From Bob Moitoso, Senior Vice President, NYSE Technologies:
ioinet v2 gives traders the flexibility to create personalized perspectives, which update in real time, to display liquidity information in multiple dimensions, enabling them to better identify trends and find trading hot spots. With the ability to sort and filter IOI and advertised trade data using a wide range of custom charting techniques, traders can build, save, and share among their desks an unlimited number of personalized liquidity perspectives.
From Daniel Romanelli, Managing Director, Business Development at NYSE Technologies:
The commissioners honed in on the need for both pre- and post-trade risk controls and the elimination of "naked access." What this means is that the member broker/dealer (B/D) may be required to apply credit and fat-finger checks pre-trade as well as devise a post-trade regulatory supervision system. An additional effect of this codification of sponsored access rules provides B/D's with clarity into their responsibilities and eliminates certain gray areas.
From Feargal O'Sullivan:
Back in November we built a great demo comparing RDMA to TCP over 10 Gigabit Ethernet and we showed it on the Intel stand at Super Computing 2009 in Portland, Oregon. During the same show I got the chance to present to conference attendees on the reason why NYSE Euronext strongly supports Remote Direct Memory Access (RDMA) as a way to increase data throughput while reducing transport latency. In these days of high-frequency trading, low latency and high-throughput are the two most critical technology factors for all financial services firms -- large and small. Click the video to watch a recording of that presentation.
Before I get into this week's episode of 360, here's a special offer. If you want to hear more about any of the items below, let me know via the comment box, and I'll check into it and write a fuller piece for the blog. No extra charge. C'mon, don't be shy. It'll keep me employed. Possibly.
One other note: Tomorrow is the fourth anniversary of this here blog. In December 2005 I had no idea what I was getting into, and I'm still figuring it out as I go. But I'm very grateful for having fallen into this thing. Thanks for reading, and for writing. As far as I'm concerned, we haven't begun scratching the surface.
And now back to our program:
From Bob Moitoso, Senior Vice President, NYSE Technologies:
A major benefit NYFIX clients will receive is that they can now leverage the stability, global resources, and technology assets of NYSE Euronext. Customers can be more confident that resources will be applied to the stability and growth of all the products in the NYFIX suite. NYFIX has had a rich history of innovation, but we now have the NYSE Euronext firepower to take it to the next level.
From Feargal O'Sullivan, Managing Director, High Performance Messaging at NYSE Technologies: :
I’m here in Portland, Oregon, for Super Computing ’09. We’re back in action with our partners Voltaire and Intel, this time showing an enhanced version of the NYSE Technologies Data Fabric 10GigE RDMA demo we built for the Intel Developer’s Forum in September. You can read more about it in our press release or read on for a summary.
As more and more exchanges are offering direct market access, brokers around the world are looking for solutions to provide pre-trade risk controls. NYSE Technologies has created the Risk Management Gateway (RMG) Suite to meet these demands and provide a flexible deployed system.
From Combie Cryan, Head of Business Development, Global Data Products, NYSE Technologies:
To mark the launch of its SuperFeed service in Europe, NYSE Technologies has published a white paper on how its clients can look to address these headaches and how SuperFeed may play a key role in reducing cost and complexity while maintaining performance and flexibility. The paper includes a useful tick list of criteria in making data acquisition decision and case study of a client who has recently slashed its market data spend using SuperFeed.
Trading in a box? A 360 is kind of like a week's blogging in a box. And then some.
News from Booth 327 at the Futures & Options Expo in Chicago.
Plus, on this date in 1879: Edison invents something called an electric light bulb, and the Times reports, "Conflicting Statements As To Its Utility."
From Feargal O'Sullivan, Managing Director, High Performance Messaging at NYSE Technologies:
NYSE Technologies' "Trading-in-a-Box" and RDMA over 10GigE Live Demonstrations -- To see Data Fabric™ and Market Data Platform V5™ in action with all North-American equities and OPRA feed handlers on one server, running on the Intel Xeon Nehalem-EX with 32-cores, and to quiz both NYSE Technologies and Intel experts, visit Booth #327 (demonstration available throughout the show). We'll also have a RDMA and TCP comparison demo for those interested in 10GigE and/or InfiniBand.
Starting today, I'm trying something new: NYX Aggregator, a weekly summary of news from or about NYSE Euronext and its various markets, products, and services. Items from here, there and everywhere, filtered through the glass onion of yours truly, and I think that's enough Beatles references for one sentence. But hey, cut me some slack -- today is John Lennon's birthday.
From Feargal O'Sullivan, Managing Director, High Performance Messaging at NYSE Technologies:: On one, 32-core server, we ran four of our ultra-low-latency Market Data Platform V5 feed handlers, eight of our Universal feed handlers, a mock Smart Order Router and two of our Market Access Gateways, all linked by NYSE Technologies Data Fabric messaging Local Direct Memory Access transport - and we had 6 cores to spare!
Nearly half indicated they intend to invest in or change their market-data platform "‘now." The remainder were split evenly between changing it in 6, 12 and 18 months. Respondents also discussed their top priorities, applications and needs.
Here's where to get all your questions answered on how to speed your market data, broaden the range of venues you cover, reduce costs and complexity, and more.
My question is, if Superman were invented today, would he have a little TM next to the big S on his chest?
"The motivation behind building out the RMG is to effectively provide an exchange facility service that allows our customers, the sell side firms, to connect to their customers in a way that fulfills anticipated regulatory requirements and agrees with what we think is a safe and orderly way to operate that function in the marketplace," said Murray White, senior vice president of NYSE Technologies.
Plus, an interesting historical tibit for today, remembering back to when the market sailed the high seas just before it sunk to the bottom.
Stephen S. Pawlowski, Intel Senior Fellow, Digital Enterprise Group Chief Technology Officer, Digital Enterprise Group and General Manager, Architecture and Planning said, “NYSE Technologies' Market Data Platform V5 with Data Fabric takes advantage of Intel Xeon processor 5500 series-based servers with Intel Quick Path Interconnect. The scalability and low latency of Market Data Platform V5 combined with the performance of the Intel Xeon processor further increases its capabilities as a market data platform. Together, Market Data Platform V5 dramatically reduces the server footprint in the data center to create a cost effective solution on industry standard hardware."
Plus: the countdown to Russell Friday continues, with another installment of Great Russells in World History.
But she's one fine Middleware Agnostic Messaging API.
OK, it's Monday. Work with me here.
The company has important news to cover in Brazil and Santa Monica, and your humble blogger is willing to make the terrible sacrifice of leaving New York (18 degrees Fahrenheit this morning, not that that matters to me) to deliver first-person blogging from the business front. In Brazil. And Santa Monica.
"...NYSE TransactTools can begin to empower the midtier and smaller brokers that are quickly being shut out of the market."
“With SFTI’s soon to be global network, and all the different data centers scattered around its markets, you can put trading technology like algorithmic trading engines in a data center co-located next to a market,” says Johnson. “Using this technology, you can consume, process, analyze and make trading decisions on data on the lowest possible latency and get orders executed in the market,” adds Johnson.
Three significant articles about three significant developments in our MatchPoint, options and TransactTools segments.
As an employee here, it's pretty exciting to see this strategy being fleshed out: helping customers access liquidity and information across all markets and products around the world.
There's just one fact omitted from the news release: Wombat would be a pretty good name for a rock band.
The mondo Russell rebalance takes place this Friday; TransactTools launches a SFTI FIX network; Sam Johnson talks speed; and getting ready for MatchPoint.
Plus, Paul turns sixty-four plus one.
"...The international players got up on stage and bellowed that we need standardized (FIX) connectivity to exchanges across Asia-Pac to create efficiencies and lower the barriers to connectivity; the exchanges themselves, however, pointed out that their membership isn't in any real hurry to move from proprietary to open/standardized access."
NYSE TransactTools; talking Reg. NMS; and remembering May 1, 1975 -- links for May 1, 2007.
We continue to build out our technology aimed at helping customers connect to liquidity.
