Low-Latency.com

Coral8, provider of complex event processing (CEP) software, has joined the Microsoft Startup Accelerator Program. To solidify its strategic alliance with Microsoft, Coral8 has integrated with Microsoft’s platforms and key products, including: native development and deployment on Windows to achieve high performance and low latency; tight integration with Microsoft SQL Server and Microsoft Message Queuing (MSMQ); delivery of an optimised RTD Adapter for Microsoft Excel; and native implementations with Microsoft interfaces, including .NET Framework, Windows Communication Foundation, Windows Presentation Foundation, Visual C# and Visual Studio.

Coral News Release

Technorati Tags: Coral8, complex event processing, Microsoft, Microsoft Startup Accelerator Program, Microsoft SQL Server, Microsoft Message Queuing, MSMQ, Microsoft Excel, .NET Framework, Windows Communication Foundation, Windows Presentation Foundation, Visual C#, Visual Studio

The International Securities Exchange (ISE) has selected BT to provide its customers with low latency connectivity and hosting for trade execution and market data. BT is opening access to its New York area hosting facility to the ISE, which gives ISE customers the option to co-locate their trading engines with BT to achieve near-zero trading latencies. Through a combination of Radianz Proximity Solution and a customised implementation of Radianz Ultra Access, BT is enabling market participants outside the New York metro area to enhance their advanced trading strategies and use one of the fastest connections to the ISE, it says.

Technorati Tags: BT, International Stock Exchange, ISE, co-location, Radianz Proximity Solution, Radianz Ultra Access

Reuters has launched Reuters Data Feed Direct (RDFD) for the Options Price Reporting Authority’s (OPRA) FAST enabled datafeed. Reuters Data Feed Direct OPRA is designed to process more than 1 million updates per second, to leverage OPRA’s FAST implementation and enable clients to reduce bandwidth cost.

Reuters News Release

Technorati Tags: Reuters, Reuters Data Feed Direct, RDFD, Options Price Reporting Authority, OPRA, FAST

Progress Software has launched the Progress Apama Smart Order Router (SOR) Accelerator, enabling traders to create proprietary order routing strategies that intelligently select execution venues from among exchanges, multilateral trading facilities (MTFs) and dark liquidity pools. With the SOR Accelerator, institutions can now create aggregated views of market liquidity and capitalise on that liquidity with low latency trading algorithms that make real-time order routing decisions. The Apama SOR Accelerator helps both sell side and buy side firms address the stringent and complex regulatory demands of Europe’s MiFID and the US’s RegNMS for best execution, Progress claims.

Progress News Release

Technorati Tags: Progress Software, Progress Apama, Progress Apama Smart Order Router, smart order routing, trading algorithms, MiFID, RegNMS, best execution

Man Investments, provider of alternative investment products and solutions, has deployed InfoDyne’s TPS+Plus feed handlers - featuring direct exchange feeds, ultra low latency middleware, entitlements, Excel integration and a compliment of managed service options - for Bloomberg’s B-Pipe on Demand (BPOD) datafeeds. The solution provides integration of BPOD within Man’s existing RMDS production system. InfoDyne’s TPS+Plus BPOD feed handlers integrate Bloomberg’s global datafeed with Reuters RMDS system, making Bloomberg’s information available to standard RMDS displays and other RMDS applications. The solution allows customers to interactively subscribe to the subset of data they need from the Bloomberg datafeed, performs field and data translation and makes access to Bloomberg’s data cost effective and efficient, InfoDyne claims.

InfoDyne News Release

Technorati Tags: Man Investments, InfoDyne, TPS+Plus, Bloomberg, B-Pipe on Demand, BPOD, Reuters, RMDS

There was quite a bit of M&A activity last week. Oracle and BEA for $8.5 billion (we’ll have to see whether that’s good news for BEA’s Weblogic Event Server), Sun Microsystems and MySQL for a billion, and NYSE-Euronext snapping up Wombat Financial Software for $200 million.
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This monthly bulletin from the Financial Information Forum provides highlights from the FIF Consolidated Capacity Report. The full report is available to FIF members and includes capacity statistics on market data feeds distributed by NYSE Arca, SIAC, Nasdaq, CME and Deutsche Börse.
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Quant House, provider of end-to-end systematic trading solutions, has selected Atrium Network, provider of technology for global financial services firms, to deliver its ultra low latency market data solutions to hedge funds. Atrium Network’s clients can now access the main European and US equity and derivatives markets by leveraging Quant House’s end-to-end low latency solutions including direct market access, feed handler technology and a proprietary fibre optic network for transatlantic data transport.

tags]Quant House, Atrium Network, direct market access [/tags]

Following months of speculation Oracle has bought BEA Systems for $8.5 billion, enhancing and extending Oracle’s Fusion Middleware Suite. The Board of Directors of BEA Systems has unanimously approved the transaction, which is likely to be closed by mid-2008, subject to BEA stockholder approval, certain regulatory approvals and customary closing conditions. BEA has been an Oracle takeover target for some months, as reported in Pete’s blog on Low-Latency.com on October 17 2007.

BEA Systems News Release

Technorati Tags: Oracle, BEA Systems, Fusion Middleware Suite

Fixnetix, provider of ultra low latency market data, has signed an agreement with Chi-X Europe to deliver market data and trading connectivity. Fixnetix has connected to the Chi-X matching engine with a round trip latency as low as 400 microseconds, it says. Fixnetix can deliver data in multiple formats with sub-millisecond data transformation if required, and deliver these services on the wire for ease of integration. Whether co-located using Fixnetix’s Source hosting partners or connecting via the company’s Ethernet and Fibre networks, Fixnetix reckons it ensures financial institutions can directly access both Chi-X and any competing European exchange gateway utilising Fixnetix ultra low latency point to point network connectivity.

Technorati Tags: Fixnetix, Chi-X Europe, roundtrip latency, co-location