FNM Also Suspends Foreclosures Thru January
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FRE Suspends All Foreclosures, Evictions of Occupied Homes Thru January 9, 2009
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S&P/TSX Down 765 Points, a 9% Decline to 7724 at Close
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10yr Yield Drops to 3.05% (Lowest Ever)
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Dell Beats in Q3 - 37 Cents/Share vs. 31 Estimated
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BoNY Cutting 4% (1,800 Jobs)
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Citi: Strong Capital Position, Liquidity --CNBC
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TSY - no other funds in TSY's temporary money mkt guarantee program rec'd a similar liquidation notice from the SEC
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TSY's Exchange Stabilization Fund will buy any remaining securities in The Reserve Fund at amortized cost
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TSY is helping The Reserve Fund to ensure "order and timely" liquidation
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Office of Thrift Supervision says 225 banks seeking funds are pending Agency Review
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OTS says 1/3 of Thrift Banks have sought bailout funds
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TSY - The Reserve Fund's securities are s/t Gov't paper and FNM, FRE securities
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TSY will serve as 'buyer of last resort' for The Reserve Fund's securities
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30yr Yield Drops to 3.61% (Lowest Ever) on Biggest Day Drop Since Sep-01
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TSY had taken The Reserve Fund into the Temporary Guarantee for Money Market Funds program
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TSY says they agree to help liquidate fund due to "extraordinary and unique" circumstances
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TSY agrees to help liquidate The Reserve Fund's U.S. Gov't Fund
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Long Bond Up 5 Handles in Panic-Buying
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S&P Down 5.1% to 765, Lowest Since Apr-97
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But is that the whole of the problem, that the decision-making process itself adds latency to data? Or are data volumes and the proliferation of trading venues outstripping data vendors capacity to deliver in real-enough time? William Essex investigates.

It’s decision time

Velocity equals distance over time, unless you co-locate to the source of your data. In that case, you’ve cut out distance and redefined time as how long it takes you to make a decision and act on it. “Nobody’s ever talked about how long their algo takes to run*,” says Jeff Hudson, CEO of Vhayu, describing the evolution of an industry that runs all the way from smoke signals (“really pretty advanced for their time”) to adaptive algos capable of thinking for themselves in difficult market conditions. For Hudson, “the market is data”, in the sense that the only way a trader can view a market is through the data that market gives out. Given that everything important therefore happens in the trader’s head (or CPU), as he (it) reacts to incoming data, this is close to saying that the trading venue is the trader. ...

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But is that the whole of the problem, that the decision-making process itself adds latency to data? Or are data volumes and the proliferation of trading venues outstripping data vendors capacity to deliver in real-enough time? William Essex investigates.

It’s decision time

Subscribers Only Content

This article is for subscribers only, please either log into your account above or click here to purchase a subscription for Automated Trader Magazine.

Registered viewers can post questions and discussion points about this article below

But is that the whole of the problem, that the decision-making process itself adds latency to data? Or are data volumes and the proliferation of trading venues outstripping data vendors capacity to deliver in real-enough time? William Essex investigates.