Expert Interviews
Market Evolution, Liquileaks and the Economic Benefits of Speed
Albert J. Menkveld, Associate Professor of Finance at VU University Amsterdam and Research Fellow at TI-Duisenberg School of Finance, discusses his extensive research into market structures, liquidity and the impact of high frequency trading on the market.
Diversity, Liquidity & HFT – An Exchange Perspective
Nicolas Bertrand, Head of Equity and Derivatives Markets at the London Stock Exchange Group, discusses the need for liquid and diverse order books, the impact of HFT on the European markets and how the markets might evolve in 2012 and beyond.
Man Versus Machine, Part One
Professor Dave Cliff of the University of Bristol, Director of the UK Large-Scale Complex IT Systems Research Initiative, discusses machine-based trading and the changing roles of humans and computers in the ever more technology-driven financial markets.
Why Network Timing Accuracy is Increasingly Important in Electronic Markets
Charles Barry, PhD and Senior Director of Engineering at Juniper Networks, talks about recent advances in network timing and clock synchronization, an area of increasing importance in the world of computer-based trading. (Sponsored Interview)
Servicing Quantitative and Systemic Clients and Keeping Speed in Perspective
Thomas Chippas, Managing Director and Head of Quantitative Prime Services for Barclays Capital, discusses how the needs of quantitative and systemic clients are evolving, and why speed and low latency is only one part of the equation.
The Potential Impact of Dodd Frank on HFT and Proprietary Trading Firms
Scott Parsons, Co-Founder and Managing Principal at Washington DC-based strategic advisory and lobbying firm, Delta Strategy Group, talks about the wide-reaching Dodd-Frank legislation in the US, and how it will impact high frequency trading and proprietary trading firms, particularly regarding how those fims may be categorised under the new Act.
Improving Academic Research into HFT & Fighting High Frequency Spam
Eric Scott Hunsader, Founder of Nanex LLC, the US data feed company, about the explosion of data in the US financial markets, conflicting reports around the causes of last year’s “Flash Crash”, some problems with current academic research into HFT and how to improve the signal-to-noise ratio in today’s electronic markets.
How to Run 20-plus Pre-Trade Risk Checks in Under a Microsecond
Matt Dangerfield, Director of Trading Solutions at Fixnetix, explains how his firm helps market participants comply with SEC Rule 15c3-5 (the so-called “market access rule”), by enabling them to run more than 20 pre-trade risk checks in under a microsecond. (Sponsored Interview)
The Good and Bad of HFT and The Importance of Consistent, Informed Regulation
Hirander Misra, Founder of electronic trading advisory firm Misra Ventures, investigates issues around “good” and “bad” forms of high frequency trading, and explains why market regulators need to take a more consistent, informed and pragmatic approach.
Submersion Cooled Liquid Blades – Game-Changing Technology in the Data Centre?
Chris Butler, Business Development Manager at Supermicro UK and Chad Attlesey, President, CTO and Co-Founder of Hardcore Computer, discuss how and why their submersion-cooled technology is generating significant interest among data centres and co-location facilities. (Sponsored Interview)
Over-Clocking and Submersion Cooling – The Future of HFT Technology?
Chad Attlesey, President, CTO and Co-Founder of Hardcore Computer and Chris Butler, Business Development Manager at Supermicro UK, talk about the work they are doing in the desktop/workstation space with their unique submersion cooling technology, which enables them to over-clock CPUs to run faster, cooler and longer. (Sponsored Interview)
The LMAX Disruptor – Open-Sourced Mechanical Sympathy in Action
Martin Thompson, Chief Technical Officer of LMAX, explains some of the design principles behind the Disruptor, the Concurrent Programming Framework for high-performance, low-latency transaction processing, which is used to run LMAX’s own trading platform and was open-sourced earlier this year.
The Growing Demands for Historical Tick Data in the HFT and Systematic Hedge Fund Space
Gordon Bloor, Chief Executive of Morningstar Real-Time Data, the division of Morningstar that specialises in delivery of consolidated real time and historical market data, looks at the growing demand from HFT firms and systematic hedge funds for consolidated, normalised, full depth-of-book historical tick data.
HFT and the Fairness of Financial Markets
James J Angel, Associate Professor of Finance, McDonough School of Business at Georgetown University, investigates whether the markets are “fair”, particularly with regards to high frequency trading, and what that concept of fairness actually means.
HFT Case Study – Allston Trading
Peter Nabicht, CTO of Allston Trading, provides a rare insight into what a high frequency trading firm actually does and how it makes its money
HFT and European Market Structure
Niki Beattie, Owner and Managing Director at Market Structure Partners, talks about how the landscape of market structures in Europe and around the world is rapidly changing, and the challenges that firms face as a result.
Staying Competitive in the High Frequency Trading Space
Will Mechem, Managing Director of quantitative high frequency trading firm Pan Alpha Trading, and Managing Director of consulting firm Willard John Thomas Associates, talks about how to stay competitive in the ever evolving HFT space.
HFT Careers and How to Get Into High Frequency Trading
Dominic Connor of P&D Quant Recruitment provides some valuable HFT career guidance for those who are looking to get into the game.
Can Predictive Algorithmic Switching be the Buy-Side’s Answer to High Frequency Trading?
Marcus Hooper, CEO & Executive Director, Pipeline Financial Group Limited, discusses how predictive algorithmic switching technology can enable buy-side firms to maximise access to liquidity and minimise adverse selection.
Low Latency, High Performance Network Services for High Frequency Trading
Alastair Kane, Vice President of Segment Marketing for Financial Services at Level 3 Communications, talks about how Level 3′s business is evolving to cater for the growth of high-speed, computer driven trading. (Sponsored Interview)
How FIX Protocol Limited is Evolving with the Growth of Computerized Trading
Kevin Houstoun, Chairman and Co-Founder of Rapid Addition and Co-Chair of the FIX Protocol Limited Global Technical Committee, discusses how FIX Protocol is evolving with the continued growth of computerized, high frequency trading.
The Growing Use of MATLAB in the High Frequency Trading World
Steve Wilcockson, Industry Manager, Financial Services at MathWorks discusses how MATLAB, the technical computing language, is increasingly being used to develop high frequency trading and algorithmic trading systems
European Regulation, High Frequency Trading and the Draft MiFID Review
Dr Kay Swinburne, Conservative MEP for Wales, discusses how the changing landscape of European financial legislation, particularly the wide-ranging MiFID Review, may impact high frequency trading.
HFT Pushes the Market Forward to Adopt Next Generation Technology
Stephane Leroy, Global Head of Sales and Marketing at technology vendor Quant House, talks about the technology implications on the market as high frequency trading continues to grow and evolve. (Sponsored Interview)
Systematic Trading and Quantitative Hedge Funds
Dr Sonia Schulenburg, CEO of Level E Limited and the guiding light behind the MAYA technology and the MAYA Quantitative Investment Fund, talks about some of the challenges of setting up a quantitative hedge fund.
Outsourcing the Front Office, One-Wire Connectivity and Risk on a Chip
Hugh Hughes and Bob Fuller, senior executives at HFT vendor Fixnetix, answer questions about their company and where it sits in the High Frequency Trading ecosystem.
HFT on the Cloud, Noise Filters and Traffic Monitoring
Ken Yeadon, Managing Partner of Thematic Capital Partners LLP, looks at the intersection of High Frequency Trading with Cloud Computing, Social Media and unstructured news channels.
Market Surveillance, Liquidity Shocks and Regulation
Natan Tiefenbrun, Commercial Director of Turquoise, the pan-European MTF, shares his thoughts on market surveillance, transparency, market manipulation vs acceptable trading practices and the problems with the various regulatory proposals that are currently doing the rounds
High Frequency Trading and Cyber Terrorism
Roderick Jones, CEO of Concentric Solutions, talks about the potential security risks associated with High Frequency Trading and how those risks should be managed to prevent the possibility of cyber-terrorist attacks.
Extreme Connectivity & The Rise of The Cyber Cities
Bob Giffords, banking consultant, shares his insights on the world of high frequency trading, focusing on the growth of machine to machine (m2m) e-commerce and the evolution of "cyber cities".
NonLinearity, Artificial Intelligence & Genetic Algorithms
Adam Afshar, President and CEO of Hyde Park Global Investments, talks about: ow high frequency trading addresses nonlinearity, the use of artificial intelligence systems in HFT and how Hyde Park Global uses genetic algorithms and news flow algorithms to capture alpha.
The Changing Role of The Broker
Joe Gawronski, President of Rosenblatt Securities, talks about how the traditional role of the broker is changing as high frequency and computer-based trading becomes more prevalent.
Why Quality is Critical in HFT Systems
Dr Andrew Kumiega Professor of Finance at the Illinois Institute of Technology, discusses the relationship between industrial engineering and financial engineering and the importance of back-testing and following a Quality approach when designing high-frequency trading systems.
How High Frequency Trading is Changing the Markets
Dr Karim Taleb, Principal of Robust Methods LLC, discusses the noise and confusion surrounding high frequency trading, who benefits from HFT and who might be adversely impacted
HFT Technology, Staff and Innovation
Peter Van Kleef, CEO of Lakeview Arbitrage International, discusses the impact of high frequency trading on different market sectors, how to recruit and keep the right HFT staff & innovations in the areas of FPGA and NVIDIA GPU acceleration
A View From The Buy Side
Ari Burstein, Senior Counsel of the Securities Regulation – Capital Markets group of the Investment Company Institute (“ICI”) gives his views on why high frequency trading matters to the investment management community
Debunking Six Myths of HFT
Manoj Narang, Founder and CEO of Tradeworx, Inc., shares his thoughts on why there is so much controversy around high frequency trading, some of the biggest myths and misconceptions, and public fear/unease around HFT
HFT in a Box
Mo Takhim, Head of Managed Services at ULLINK, shares his thoughts on the build versus buy argument, “HFT in a box” an pre-trade risk & limit checking/filtering
A View From Europe
Walter Hendriks, Managing Director of ABR Financial shares his thoughts on the high frequency trading space in Europe versus US.
What is Wrong With High Frequency Trading?
Sal Arnuk, Co-Founder, Partner and Co-Head of Equity Trading at Themis Trading LLC, gives his views on non-predatory versus predatory high frequency trading, co-location, raw data feeds and the role of the exchanges and what regulators should be doing
High Frequency Trading, Flash Trading and Algo Trading
Peter Green, Founding Partner and CEO of The Kyte Group, shares his thoughts on the distinction between high frequency trading, flash trading and algorithmic trading, and discusses exchange connectivity and direct market access (DMA)
