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HFT Review

European FTT, German HFT Act, MiFIR, MAR… What’s It All About?


28th May 2013
- In this interview, we talk to Sam Tyfield, Partner at Vedder Price, who takes us through the latest iterations of European regulations from a financial trading perspective, and helps untangle some of the knots around recently passed and proposed legislation, including:

- Financial Transaction Taxes in Europe
- The German HFT Act
- MiFID II, MiFIR and the new Market Abuse Regulation (MAR)
- The ESMA Guidelines Guidelines on Systems and Controls in Electronic Trading Environments, one year on

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Discussing HFT with an Electronic Trading Pioneer


20th May 2013
- In this interview, we talk to John Lowrey, Global Head of Electronic Trading and DMA Services at Marex Spectron who, during a long and illustrious career in the City, has held senior positions at Goldman Sachs, Knight Securities, Lehman Brothers, Nomura and Chi-X. A true pioneer of electronic trading infrastructure and services, John shares his thoughts on a wide range of topics, including:

- How and why markets are becoming more correlated
- The true cost of some of the regulatory proposals that are on the table
- The relationship between HFT and the retail investor
- The growth of algorithmic trading in the commodities sector.

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How and Why the Buy Side is Changing Its Attitude to HFT


17th April 2013
- In this interview, we talk to Remco Lenterman, Managing Director of IMC Financial Markets and Chairman of the FIA European Principal Traders Association (EPTA). Remco discusses how and why attitudes to HFT are changing, particularly amongst the buy-side, and addresses some common criticisms and myths around HFT, including:

- Feedback loops, mini-flash crashes and their causes: HFT or institutional algos?
- What would the market look like if all HFT activity were to cease?
- The economics of maker-taker pricing, rebate capture and spread capture
- What is rebate arbitrage, latency arbitrage and regulatory arbitrage?

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How to Maximize Java Application Performance in a Trading Environment


2nd April 2013
- In this interview, Scott Sellers, President, CEO & Co-Founder of Azul Systems, discusses how application performance in a Java trading environment can be massively improved by using the right Java Virtual Machine (JVM):

- What are the shortcomings with traditional JVMs?
- Why the garbage collection process can have such a significant impact on performance
- How to use more memory without increasing worst-case pauses
- How much JVM tuning is required in order to achieve optimum performance?
- Open source free tools for identifying bottlenecks

Read More Sponsored By Azul Systems

Adopting the Right Approach to FPGA Implementation


11th Feb 2013
- In this interview, Arnaud Derasse, CEO & Laurent de Barry, Head of Customer Support at Enyx, discuss how firms are increasingly implementing FPGA-based solutions to run applications at “wire level” to reduce latency:

- How can FPGAs help with wireless/microwave links?
- How do FPGAs benefit exchanges, data vendors and end-user trading & investment firms?
- Different approaches to implementation: what is right for your firm?
- The importance of taking a step-by-step, iterative approach
- What does the future hold?

Read More Sponsored By Enyx

Humans vs. Robots: Man Fights Back


24th Jan 2013
- In this interview, we talk to Alex Preda, Professor of Finance at King’s College London, about the "rise of the machine" in financial trading, and how the human trader is developing new resoures to fight back and in some cases beat the robots:

- How is the role of retail traders changing in the new electronic landscape?
- What are the new opportunities that computerised trading has created?
- How are individual traders in different locations using technology to work in groups?
- What methods are human traders using to identify & capitalise on robot activity?
- How are algorithm developers finding ways to hide their algos' patterns?
- Can abuse by robots only be detected by other robots?

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HFT Review Videos

 

Prof. Dave Cliff discusses regulation of HFT, MiFID II and the reaction to the UK Government's Foresight Report

 

Tom O'Brien of Moscow Exchange discusses new opportunities for high frequency trading firms in the Russian market

 

Graeme Burnett of Xcelerit discusses some recent developments in the FPGA and hardware acceleration space

 

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Featured Articles

European FTT, German HFT Act, MiFIR, MAR… What’s It All About?


Sam Tyfield, Partner at Vedder Price, takes us through the latest iterations of European regulations from a financial trading perspective, and helps untangle some of the knots around the Financial Transaction Tax, the German HFT Act, MiFIR and MAR

Discussing HFT with an Electronic Trading Pioneer


John Lowrey, Global Head of Electronic Trading and DMA Services at Marex Spectron, discusses how technology continues to change the face of the markets, the growth in cross-asset correlation, concerns about regulatory proposals and the relationship between HFT and retail investors

How and Why the Buy Side is Changing Its Attitude to High Frequency Trading


Remco Lenterman, Managing Director of IMC Financial Markets and Chairman of the FIA European Principal Traders Association (EPTA), discusses how and why attitudes to HFT are changing amongst the buy-side, and addresses some common criticisms and myths around HFT.

How to Maximize Java Application Performance in a Trading Environment


In this interview, Scott Sellers, President, CEO & Co-Founder of Azul Systems, discusses how application performance in a Java trading environment can be massively improved by using the right Java Virtual Machine (JVM). [Sponsored Interview]

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Featured White Papers

Java Without the Jitter - Achieving Ultra-Low Latency

Modern messaging, trading, and reporting systems require extremely low latencies, in the range of a few milliseconds, to meet customer expectations and strict service level agreements. This paper describes how to use new JVM technology to achieve maximum platform latencies of 1-2 milliseconds with very little tuning effort.

Click here to read this Azul White Paper

 

In Search of Data Durability and High Performance

In-memory database systems eliminate much of the performance latency associated with traditional on-disk database management systems, but some applications require a higher level of data durability. As a solution, IMDSs offer transaction logging, in which changes to the database are recorded on persistent media. But critics object that logging re-introduces the storage-related latency that builds slowness into on-disk DBMSs. Will an IMDS with transaction logging outperform a traditional DBMS? Will type of storage – hard disk drive vs. SSD vs. state-of-the-art memory-tier device – affect any performance difference?

Click here to read this McObject White Paper

 

Implementing High Precision Timekeeping for Network Analysis

Time-stamping and time synchronization is now required knowledge for developers of high performance network monitoring and analysis appliances. This white paper introduces the key fundamentals with a review of technology choices and testing scenarios.

Click here to read this Napatech White Paper

 

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FPGA & Hardware Accelerated Trading

Precision Time Measurement & Synchronisation in Trading

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