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]

Q&A; With Louis Lovas, Director of Solutions, OneMarketData

Louis Lovas, Director of Solutions, OneMarketData, answers some questions about data management issues associated with quantitative and systematic trading, and looks at the relationship between CEP and tick data management

HFT in Russia

Mike O’Hara takes an in-depth look at how the high frequency trading landscape is opening up in Russia, and investigates the challenges that Western firms have to overcome when capitalizing on these new opportunities.

Beyond Economics: Prof. Doyne Farmer on how computers are changing the way trading is analysed

Doyne Farmer, Professor of Mathematics at Oxford University, discusses alternative approaches to studying computer-based trading, pro-rata versus price-time execution and issues around sourcing data for academic studies into HFT, with Ricky Treadwell

Adopting the Right Approach to FPGA Implementation

Arnaud Derasse, CEO and Laurent de Barry, Head of Customer Support of Paris-based Enyx, specialists in FPGA hardware acceleration solutions for financial trading, discuss how firms are increasingly running applications at “wire level” to reduce latency. [Sponsored Interview]

Humans vs. Robots: Man Fights Back

The ‘rise of the machine’ is a phenomenon frequently hyped up in the financial media. It stirs up luddite-esque emotion from many investors and brings about a fear of the unknown. There is however hope for humans. Professor Alex Preda talks to HFT Review about the revival of Man in the battle against the bots.

The Filmmaker that Makes High Frequency Trading “Sexy”

Marije Meerman discusses her latest film ‘Money and Speed: Inside the Black Box’, which looks at the ‘Flash Crash’ of 6th May 2010 through the eyes of the regulators and market participants, with Ricky Treadwell

FPGA & Hardware Accelerated Trading, Part Six – What Does The Future Hold?

In the final part of Mike O’Hara‘s 6-part series, he asks ten experts where they see the future of FPGA and hardware acceleration in financial trading

Leveraging FPGA-Enabled Acceleration Platforms For Financial Trading

Stephane Hauradou, Vice President of ACCELIZE, a leading provider of FPGA-based technology for the Financial Services Industry, discusses some of the choices that firms face when implementing FPGA-enabled technology in their trading architectures. [Sponsored Interview]

Why Nanosecond Precision is Needed in High Performance Trading Environments

Dan Joe Barry, Vice President of Marketing at Napatech, discusses why firms are having to raise the bar in terms of timing precision and accuracy as they go from 1 Gbps networks to 10, 40 and 100 Gbps, and why microsecond accuracy is not going to cut it any more [Sponsored Interview]

FPGA & Hardware Accelerated Trading, Part Five – The View from Intel

This is part five of a six-part series by Mike O’Hara, looking at the usage of FPGAs and other types of hardware acceleration in the financial trading ecosystem.   Previous articles in this series have focused mainly on Field Programmable Gate Array (FPGA) technology. However, a number of firms are now looking at how the Intel Sandy Bridge architecture can help them accelerate their trading infrastructures, rather than following the FPGA route.   I spoke with David Barrand, EMEA…

FPGA & Hardware Accelerated Trading, Part Four – Challenges and Constraints

This is part four of a six-part series by Mike O’Hara, looking at the usage of FPGAs and other types of hardware acceleration in the financial trading ecosystem.     In previous articles in this series, we looked at how, where and why FPGA technology is currently being used in the financial markets, we investigated some alternative approaches to hardware acceleration, and looked at various programming methods.   In this article, we identify some of the challenges and…

FPGA & Hardware Accelerated Trading, Part Three – Programming

This is part three of a six-part series by Mike O’Hara, looking at the usage of FPGAs and other types of hardware acceleration in the financial trading ecosystem.     In part one of this series, we looked at how, where and why FPGA technology is currently being used in financial trading, and in part two we investigated some alternative approaches to hardware acceleration, identifying key differences between FPGAs, GPUs and ASICs and looking at developments around floating-point and…

FPGA & Hardware Accelerated Trading, Part Two – Alternative Approaches

This is the second part of a six-part series by Mike O’Hara, looking at the usage of FPGAs and other types of hardware acceleration in the financial trading ecosystem.   In part one of this series, we looked at how, where and by whom FPGA technology is currently being used in financial trading.   In this article, we investigate some alternative approaches to hardware acceleration, identifying key differences between FPGAs, GPUs and ASICs. We also look at how FPGA technology is…

The Evolution of FPGA in the Financial Markets

Mohammad Darwish, Chief Executive Officer of AdvancedIO Systems, talks about how FPGA technology is being increasingly adopted in the financial markets and discusses the future evolution of FPGA technology [Sponsored Interview]

Successfully deploying FPGA-based Network Adapter Cards to Deliver Ultra-low Latency Trading

Stephane Hauradou, Vice President and co-founder of Accelize, a PLDA GROUP company, explores some of the keys to successfully deploying ultra-low latency trading solutions based on today’s cutting-edge FPGA technology. [Sponsored Article]

Accelerating Transactions Through FPGA-Enabled Switching

John Peach, Consulting Engineer for EMEA at Arista Networks , talks about how FPGA-enabled switching is now helping a number of financial markets participants accelerate their transactions, exploring use cases of in-line risk checking, feed-handling and data translation [Sponsored Interview]

Deterministic Latency and Scalability via FPGA Matrix Architecture

Yves Charles, CEO of Novasparks, discusses the true impact of non-deterministic latency on different categories of market participant and how to get around issues with scaling FPGA-based solutions by deploying an FPGA Matrix architecture [Sponsored Interview]

FPGA & Hardware Accelerated Trading, Part One – Who, What, Where and Why?

This is the first part of a six-part series by Mike O’Hara, looking at the usage of FPGAs and other types of hardware acceleration in the financial trading ecosystem.   Although FPGA (Field Programmable Gate Array) technology has been around since the mid-1980s, it is only within the last two to three years that it has been adopted to any real extent in the financial markets.   Originally developed for the defence and telecoms industries, FPGAs are basically a type of computer…

Where is Server I/O Headed and is it Keeping Up with Compute and Storage?

Yaron Haviv, Vice President of Data Center Solutions at Mellanox Technologies, talks about some of the latest technological developments impacting trading systems architectures. The company recently announced the World’s Lowest Latency for High Frequency Trading [Sponsored Interview]

Beyond Latency – Utilizing Ultra Accurate Network Timing in HFT Systems

Paul Rushton, Managing Director at Korusys, talks about delivering highly accurate timing and synchronization to HFT systems and how that time accuracy can be realized and utilized to improve both trading performance and latency measurement. (Sponsored Interview)

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)

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)

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)

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)

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)

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

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)