Low-Latency.com

UniCredit Group’s Markets & Investment Banking Division has implemented Tibco Rendezvous as the low latency messaging platform underpinning its European Index Arbitrage Trading business. Employing complex high frequency trading strategies, the European Index Arbitrage Trading Group takes advantage of temporary discrepancies between the prices of securities comprising an index and the price of a futures contract on that index. Rendezvous has been implemented for low latency and scalable distribution of market and pricing data between the program trading systems underpinning the business’ strategy.

Technorati Tags: UniCredit Markets & Investment Banking, Tibco, Tibco Rendezvous, high frequency trading, program trading

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

Forex Capital Markets (FXCM) has completed its migration from legacy messaging solutions and is in firm-wide production with 29West’s messaging technology in its Forex System Selector system. FXCM services more than 100,000 trading accounts with subsidiaries in London, Hong Kong and Tokyo. Yuri Miroshnikov, CTO of FXCM, says: “We started working with 29West in 2005, and had systems in production in 2006. The success of these deployments made it clear we needed to move to the 29West Latency Busters Messaging (LBM) solutions firm-wide for all our low latency messaging needs. We have used a number of other solutions in the past, but the combination of performance, next generation design and world class support made 29West the clear choice.”

29West News Release

Technorati Tags: 29West, Forex Capital Markets, FXCM, Forex System Selector, messaging middleware, Latency Busters Messaging solution, LBM

Eight European financial institutions went live on November 1 with the MiFID-compliant best execution solution UL SMART from France-based connectivity provider Ullink, and according to the vendor the execution latency they are achieving is impressive. Among the eight firms are Banco Santander, CM-CIC Securities, Jefferies, KAS Bank and SEB. “After a full week in production at eight client sites, we are witnessing exceptionally low levels of best execution latency, down to 2 milliseconds for large volumes at one of our Tier 1 brokers,” says Georges Gomes, CTO of Ullink. “Our strategy of embedded decision making and market data caching proves the right choice: it allows our clients to comply with MiFID best execution requirements without sacrificing the execution latency of their existing solution,” he adds.

Ullink News Release

Technorati Tags: Ullink, MiFID, best execution, UL SMART, Banco Santander, CM-CIC Securities, Jefferies, KAS Bank, SEB, market data caching

HP has become the first official Innovation Sponsor for Securities Technology Analysis Centre’s (STAC) Manhattan-based STAC Lab. The STAC Lab is a research facility where end user firms can try out new technologies under simulated trading conditions. It contains advanced load-generation mechanisms, precise timing equipment, market data and test tools pre-integrated with many of the products to be tested. As an Innovation Sponsor, HP will provide the lab with its latest BladeSystem c-Class servers, InfiniBand and Gigabit Ethernet networking, and HP StorageWorks technology. HP will, in turn, use the lab as the cornerstone of its own Latency Mitigation Program for market data, analytics and execution.

STAC News Release

Technorati Tags: HP, STAC, STAC Lab, BladeSystem, InfiniBand, Gigabit Ethernet, HP StorageWorks

CEP specialist Vhayu Technologies has doubled the number of consulting engagements over the past 12 months, resulting in the delivery of more than 20 customer implementations in the past six months.
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Fixed-income investment management firm PIMCO has selected RTI´s messaging middleware to expand the functionality and enhance the scalability of PIMCO´s compliance-checking software.
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London-based Mitsubishi UFJ Securities International (MUSI) is leveraging Aleri’s Streaming Platform and Sybase’s Real-Time Analytics Platform (RAP) to implement a tick-capture solution to support its increasing algorithmic and strategy trading.
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ABN Amro Capital Markets is using Vhayu Technologies‘ Velocity CEP software to provide real-time and historical VWAP calculations and trade volume profiles for its proprietary equities trading business. The implementation involves integration with Reuters RMDS and ABN Amro’s own order management system. The bank is also using Velocity’s tick capture engine capabilities to store tick data for access by a Mantas provided compliance system.

Vhayu News Release

Technorati Tags: abn amro, vhayu, reuters rmds, mantas, complex event processing, event stream processing

A number of Designated Primary Market Makers (DPMs) on the CBOE Stock Exchange (CBSX) have implemented Activ Financial’s ActivFeed Direct platform. Activ is delivering market data to various specialist applications for CBSX DPMs including Susquehanna Investment Group, LaBranche and Van der Moolen.
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