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Tervela, developer of high-performance messaging systems, has named Robert Ciampa as its new vice president of marketing and Stephen Johnson as its chief financial officer. Ciampa was previously vice president of marketing and business strategy for Trusted Network Technologies, while Johnson was formerly CFO for ManageSoft Corporation. Ciampa joins Tervela’s management team to provide strategic worldwide marketing direction to the message switch provider. Johnson is responsible for strategic leadership and financial management for all of Tervela’s corporate-wide financial operations and accounting practices.

Tervela News Release

Technorati Tags: Tervela, high-performance messaging systems, Robert Ciampa, Stephen Johnson, Trusted Network Technologies, ManageSoft Corporation

Intel recently released quad-core Xeon processors (code named “Harpertown”) based on a 45nm manufacturing process, which the company claims significantly reduce power consumption compared to its previous generation of quad-core processors (”Clovertown”). Securities Technology Analysis Center (STAC) performed a study comparing the power consumption of a server using Harpertown processors to the same server using Clovertown processors, running a market data load of 2 million updates per second across a stacked RMDS configuration that utilised as much of the eight cores in this system as possible. The Harpertown processor decreased the server’s overall power consumption by 16 per cent (333 watts versus 395 watts) and increased the server’s market data efficiency (updates per second per watt) by 19 per cent (6010 ups/W versus 5060 ups/W).

STAC News Release

Technorati Tags: Securities Technology Analysis Center, STAC, Intel, Intel Xeon Harpertown processor, Clovertown, RMDS

Kx Systems, provider of high-performance database and time series analysis, has named new roles for several members of its management team. Janet Lustgarten, previously president and COO, has been named the CEO of Kx, while Arthur Whitney takes over as president, having previously served as the CEO of Kx. Simon Garland, previously Kx CTO, is taking on the role of chief strategist. This will allow Garland to focus on the broader technology issues and key industry developments. Niall Dalton takes on the title of CTO, having previously been the chief solutions architect.

Kx News Release

Technorati Tags: Kx Systems, high-performance database, time series analysis, Janet Lustgarten, Arthur Whitney, Simon Garland, Niall Dalton

Turquoise, the multilateral trading facility established by nine European investment banks, has chosen BT for secure hosting services and low latency connectivity. By working with BT, Turquoise will be able to offer its users fast, direct access to the trading platform and the option to co-locate their trading engines with BT to achieve near-zero trading latency, it says. Turquoise will be hosted in two of BT’s data centres in the London area. The data centres will be connected by BT’s low latency technology, enabling synchronous data transfer. Members of Turquoise will be able to access the trading facility via a choice of connectivity options including the Radianz Shared Market Infrastructure.

Turquoise News Release

Technorati Tags: BT, Turquoise, multilateral trading facility, secure hosting, co-location, synchronous data transfer, Radianz Shared Market Infrastructure

Bats Trading, operator of the Bats ECN, is now available via Savvis Exchange Express, which provides low latency metro Ethernet network access to the Bats trading platform. Bats also participates in Savvis’ Proximity Hosting environment in Savvis’ New York area data centre. Savvis Proximity Hosting provides hedge funds and the automated trading community with a low latency environment for market data and trade execution by hosting their application servers in Savvis’ data centre in close proximity to the order matching engines of major exchanges and ECNs.

Savvis News Release

Technorati Tags: Bats Trading, Bats ECN, Savvis, Savvis Exchange Express, metro Ethernet network access, Savvis Proximity Hosting, co-location

Please excuse the headline … I wanted to be cute and grab some attention. When it comes to market data rates, OPRA - the Options Price Reporting Authority - makes the headlines that low latency vendors (and industry analysts) love to cite - because the numbers are so frighteningly big. The reality, though, is a bit different.
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The new poll at Low-Latency.com asks about cumulative spend for realizing low latency.

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The January Poll at Low-Latency.com focused on FIX and FAST usage across the industry. The results are what many in the industry view as “normal”. See the graphic below.

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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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Hardware-based ticker plant vendor Exegy’s high throughput, low latency Exegy Ticker Plant is now available with the LSE Level II data feed. This latest enhancement to the Exegy Ticker Plant’s feed-handling capabilities means that it now has the following European Level II exchanges available: Amsterdam Stock Exchange Level II, Brussels Stock Exchange Level II, Lisbon Stock Exchange Level II, LSE Level II, Paris Stock Exchange Level II and Frankfurt Level II (Xetra).

Exegy News Release

Technorati Tags: Exegy, Exegy Ticker Plant, level II market data