Low Latency Blogs

The last week or so has seen significant action in the world of exchange co-location - a space (excuse the pun) that as a whole is hotter than ever - with happenings at CME Group and Nasdaq OMX.

Following on from an announcement at the end of last year, a consortium of IT vendors has published a white paper outlining a reference stack for high performance trading applications, and has documented a set of benchmarks conducted on commercial and open source FIX engines to demonstrate different performance characteristics of the stack.

As anticipated, Bloomberg is opening up the interface via which it provides market data to other market data and application vendors, on a free-use basis. It's part of the vendor's Open Market Data Initiative, which also extends to market data symbology, as previously announced.

Lime Brokerage has rolled out its LimeDirect pre-trade risk service - providing compliance for SEC rule 15c3-5 while adding minimal latency. But unlike competitive services, the offering - which Lime officials say is based on an "innovative blend of hardware and software" - does not leverage FPGA technology, because Lime technologists believe it is too inflexible in terms of rapid code development and ongoing maintenance.