Open-source
CEP Comes of Age
With the early adoption phase over, complex event processing technologies will not only enter the mainstream during 2008, but permeate it completely. By John Morrell, director of product marketing at Coral8.
Smart Order Routing gains intelligence
Smart order routing (SOR) has become synonymous with the new European trading landscape precipitated by the adoption of the Markets in Financial Instruments Directive added to the statute books at the start of November last year. But as Ian Salmon argues…
Future Shocks
Looking ahead, we can expect emerging markets to play bigger roles on the global stage, and platforms will look nothing like those we know today.
VWAP your time is up
With the advent of liquidity fragmentation and the expanding use of cross-asset trading, the global capital markets are undergoing a period of great change. As with the Big Bang of 1986, this change is significant, and will require those who operate in…
The 'Complexity' of CEP
With the volume of financial market data growing daily, many firms are turning to largely undefined complex event processing solutions, but must still deepen their understanding of CEP to ensure these solutions can fully meet the data demands of their…
Taming the Wild, Wild Web
In the last couple of years, the Internet has become pervasive and global, spawning an exciting generation of Web 2.0 applications like podcasts, blogs, wikis, P2P social networking, Semantic Web mashups, and 3D virtual worlds. The latest consumer…
A fragmented future
The introduction of multi-lateral trading facilities, crossing networks and electronic communication networks are starting to hurt Europe's well-established exchanges. This phenomenon is likely to become somewhat more acute with the recent introduction…
Specialization Takes Command
Electronic trading is getting more difficult. There are just too many new technologies and strategies to choose from, with algorithms everywhere-hundreds of them-at every stage of the investment and trading process. The number of venues has also exploded…
Taking the random route
Traditional ways of measuring investment skill range from the straightforward (looking at the portfolio’s performance relative to the rest of the market over the last one, five and 10 years) to the quant-driven, through to the full machinery of…
MiFID's New World Order
As the Nov. 1 MiFID deadline draws near, it is becoming clear that it will take much more time and work to clarify what the new rules mean, and how investors, managers and brokers will behave in the post-MiFID world order. By Bill Haney, European…
Need for Speed: Advice in the Thin Client/Fat Client Debate
Developing a trading system is like trying to build a race car: The faster you want it to go, the larger-and potentially heavier-the engine can become. This is the dilemma of building a trading system: the need for speed versus the desire to avoid…
Pre-trade TCA: New challenges, new technology
Stewart Eisenhart looks at a recent Aite Group report – Multi-asset portfolio systems: the buy side’s new pied piper – and concludes that although there is a sizable market in the US and UK for such systems, vendors are likely to find greater demand from…
The Hard Way
Accelerating data volume growth coupled with a relentless drive for lower latency is outstripping performance increases in the software infrastructures that financial firms rely on to handle market data. As a result, infrastructure architects are turning…
Are we there yet?
Are we there yet? Simon Morris and Ash Saluja, partners at CMS Cameron McKenna, look at Mifid and its various permutations for buy-side organisations from a legal perspective.
Bandwidth's silver bullet
The expectations of regulators and investors of best execution are forcing broker/dealers on both sides of the Atlantic to evaluate their connectivity and supporting infrastructure. John Panzica argues that ethernet technology has the potential to…
Beachy keen
BST Columnist Phil Albinus prepares for his August vacation by taking a tongue-in-cheek look at a number of buy-side technology issues likely to be addressed in the second half of 2007, including preparing Mifid ‘alibis’ in anticipation of your firm’s…
Beneficiary-Driven Solutions
Business transformation is akin to making a silk purse from a sow's ear— long pursued, but elusive. The trite "it is about people, not technology" masks a hard reality. To reap the potentially rich harvest envisioned by major business shifts demands a…
Essential ingredients
City Practitioners’ Neil Hookway address the numerous communications challenges facing hedge funds and their technology providers when establishing the technical parameters of new projects.
Where Is Grid Going?
For most of us, grid computing is a stateless network of compute nodes used to split and run complex analytic processes in parallel to reduce elapsed run times. However, for a small but growing number of market participants it is the next-generation,…
Market Proliferation: A Paradox of Choice?
Unprecedented growth in the number and variety of trading venues will challenge even the bravest market participants.
Finucane's Theory of Evolution
Consolidated datafeed dinosaurs are evolving to escape the same fate as data dodos. By Don Finucane, vice president of product management and marketing, Interactive Data Real-Time Services
Blueprint for the future
The correlation between a buy-side firm's technology and its ability to trade fast and efficiently has never been stronger. Amy Muddimer explains this dependency by scrutinising technologies on the buy side that underpin the continuous drive for straight…
Multi-asset class trading systems...still a pipe dream?
Paul Miller and Jonathan Hammond discuss the current shortcomings of multi-asset class trading systems initiatives, and propose a new approach to this growing conundrum which involves meaningful collaboration between technology producers and consumers
Under the Surface
The growing use of volatility surfaces is bringing greater transparency to complex instruments, but is creating significant technology storage and processing requirements. By Matt Skinner, a director at cross-asset data management vendor Xenomorph