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    Reactive Manifesto
    Applying The Reactive Manifesto to High Performance Trading

     

    In this video, Jamie Allen, Director of Consulting at Typesafe and Jan Machacek, CTO of Cake Solutions, discuss the Reactive Manifesto with Mike O’Hara.

    Jamie and Jan explain how it relates to the Capital Markets and financial trading communities, particularly in the areas of high frequency, low latency and high performance trading application development

    Watch the Video
    Market Data
    Market Data at the Speed of Light

     

    How is the combination of microwave and FPGA technology changing the landscape of market data distribution and consumption, particularly in high performance, low-latency trading environments? And what are the challenges firms face when using this technology?

    In this article, we speak with Arnaud Derasse, CEO of Enyx, Stephane Tyc, Co-Founder of Quincy Data and Ron Huizen, Vice President of Systems & Solutions at BittWare, to find out the answers to those questions.

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    Moscow exchange
    Exchange Focus – Moscow Exchange

     

    In this interview, we talk to Sergei Poliakoff, Chief Information Officer and Member of the Executive Board at Moscow Exchange, about a number of initiatives that he is spearheading. Sergei discusses:

    – The technological challenges of merging two exchanges into one
    – Why the risk and clearing infrastructure is more important than the matching engine
    – FPGAs versus software for pre-trade risk
    – Plans around FIX, FAST and binary protocols
    – How the exchange intends to satisfy growing demands for co-location
    – Why Russian markets need more HFT

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    NPL Approach
    The NPL Approach to Time Accuracy & Synchronisation

     

    5th August 2013 – In this video interview, we talk to Leon Lobo, Strategic Business Development Manager at the UK’s National Physical Laboratory.

    Leon discusses the challenges of accurate synchronisation of time across trading venues, an issue that was highlighted in 2012’s UK Government Foresight Report into the Future of Computer Trading in Financial Markets, and about the approach the NPL is taking to address those challenges.

    Watch the Video
    US Equity Market
    Fixing the US Equity Market Structure

     

    12th July 2013 – In this interview, we talk to Dave Lauer, a Market Structure and Technology Architecture Consultant with extensive experience in designing and building HFT systems, who has testified before the Senate Banking Committee and appeared on SEC Panels. He argues that the US Equity market structure is in need of a major overhaul and looks at issues such as:

    – Conflicts of interest at for-profit exchanges
    – Are regulators currently able to perform adequate market surveillance?
    – The relationship between “mini flash crashes” and maker-taker pricing
    – How to improve academic research into market structure and HFT

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    European FTT
    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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    HFT Review Videos

    Dr Leon Lobo of the UK’s National Physical Laboratory discusses challenges around synchronising accurate time stamps

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

    Niki Beattie discusses high frequency trading, regulatory proposals, market structure and challenges facing the industry

    More Videos…

    Latest from the HFT Review Community

    Reducing Costs and Speeding Revenue with Automated On-boarding

    Jacob Northey 17 January 2014

    Redline Trading Solutions and IEX

    HFT Review 17 December 2013

    Hosted & Bundled Trading Technology Stacks – Simplifying the Deployment of Advanced Solutions

    HFT Review 12 December 2013

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    Regulation Matters (Fidessa) 11 December 2013

    Patent Issues in Market Data Licenses

    Mauro Viskovic 25 November 2013

    Video: McKay Brothers and Quincy Data on transmitting market data via microwave

    Total Trading 15 November 2013

    Industry Survey, Momentum Builds for Cloud Services across Capital Markets

    OneMarketData 11 November 2013

    High Frequency Trading and the True Value of Time

    Victor Yodaiken 4 November 2013

    And the Winner Is… Hybrid Trading!

    Peter Fredriksson 4 November 2013

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    Latest HFT Technology News

    LMAX Exchange adds RUB and CNH currency pairs

    LMAX  16 January 2014

    Wall Street Horizon Releases New Historical Events Data Offerings

    Wall Street Horizon 16 January 2014

    S&P; Capital IQ Real-Time Solutions Bolsters Asia Offering Via QuantFEED and QuantLINK for Singapore Exchange

    S&P; Capital IQ 14 Janauary 2014

    TMX Atrium expands Moscow connectivity to IXcellerate

    IXcellerate  9 January 2014

    Fundamental Interactions Inc. Announces the Launch of the Nano Exchange Cloud

    Fundamental Interactions  20 December 2013

    Joint Venture Offers Fast High Frequency Trading System

    Mercury Minerva  19 December 2013

    HFT specialist NanoSpeed hires Michael Villain for global business development

    Nanospeed  17 December 2013

    IEX Group Deploys Redline Trading Solutions to Support Price Protection and Enhance Execution Quality

    Redline Trading Solutions  16 December 2013

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    Expert Interviews

    HFT Practitioners
    Buy Side/Hedge Funds
    Sell Side/Brokers/Banks
    Exchanges/Clearing Houses
    Regulators/Politicians
    Insdustry Bodies/Organisations

    FEATURED WHITE PAPERS

    Case Study: Accelerating Back Testing of Algorithmic Trading Strategies

    Algorithmic trading has become ever more popular in recent years – accounting for approximately half of all European and American stock trades placed in 2012. The trading strategies need to be back-tested regularly using historical market data for calibration and to check the expected return and risk. This is a computationally demanding process that can take hours to complete. However, back-testing the strategies frequently intra-day can significantly increase the profits for the trading institution.

    Click here to read this Xcelerit Case Study

    Beyond Latency in the Moscow Markets

    Russia’s central financial marketplace has evolved so rapidly that it is now primed to become a key international hub, and the finance organisations able to anticipate and quickly adapt to this fast-changing environment will clearly emerge as market leaders. This whitepaper discusses the current state of Russia’s electronic financial markets, and addresses the issues that need to be understood regarding infrastructure and connectivity challenges in Moscow.

    Click here to read this IXcellerate White Paper

    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

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    Featured Articles

    Exchange Focus – Warsaw Stock Exchange


    Peter Niklewicz, Senior Advisor to the Warsaw Stock Exchange Management Board and the Exchange’s chief representative in the UK, discusses the launch of their new co-location service for high performance access, designed to offer clients low latency access to the Exchange’s UTP trading platform

    Exchange Focus – Moscow Exchange


    Sergei Poliakoff, Chief Information Officer and Member of the Executive Board at Moscow Exchange, discusses the technical challenges of merging two exchanges into one and shares his thoughts on risk and clearing infrastructure; FPGAs; the Exchange’s future strategy around interfaces and protocols, and satisfying growing demand for co-location.

    Exchange Focus – SIX Swiss Exchange


    John White, Head Equity Product Management at SIX Swiss Exchange, discusses some of the recent developments at the Exchange, including the adoption of NASDAQ’s X-stream INET trading system and the rolling out of sponsored access, and shares some thoughts on the latest European regulatory proposals
    More Featured Articles

    Latest Academic Studies

    The Impact of High-Frequency Trading on Stock Market Liquidity Measures [Kim, Murphy] (Visit resource)

    HFT Review  15 August 2013

    Competition between High-Frequency Traders and Market Quality [Breckenfelder] (Visit resource)

    HFT Review  15 August 2013

    ManSim: A Cross-Border HFT Financial Markets Simulator [Theodoulidis, Diaz] (Visit resource)

    HFT Review  15August 2013

    A Hot-Potato Game Under Transient Price Impact and Some Effects of a Transaction Tax [Schied, Zhang] (Visit resource)

    HFT Review  15 August 2013

    A Dynamic Limit Order Market with Fast and Slow Traders [Hoffman] (Visit resource)

    HFT Review  15 August 2013

    Information Transmission between Financial Markets in Chicago and New York [Laughlin, Aguirre, Grundfest] (Visit resource)

    HFT Review  13 May 2013

    Paradigm Shifts & Unintended Consequences: The Death of the Specialist, the Rise of High Frequency Trading, & the Problem of Duty-Free Liquidity in Equity Markets [Dean] (Visit resource)

    HFT Review  7 May 2013

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