Automated Trader Updates
First Published 21st June 2012
CFTC TAC meeting focuses on HFT, HKEx purchases LME, Equinix expands in Singapore, Automated Trader discusses co-lo with Savvis, Forum acquires PLUS platform, Lime and NovaSparks team up, PrizmScope Tick Data announced, CFN and xCelor employ microwave, StreamBase announces Hadoop integration, Balarkas leaves Instinet, O'Donnell to depart BATS, new series of video interviews coming soon from Automated Trader
Industry developments
The CFTC Technology Advisory Committee held a public meeting where the focus was on defining high frequency trading.
Following news last week of the HKEx purchase of the LME; this week saw Equinix invest in a $28.5 mln expansion of its Singapore 2 Data Center. In London, Savvis was gearing up to open its fourth data centre. Automated Trader spoke with the head of EMEA for Savvis, click here to find out what he had to say about the current trends for co-location. And on the other side of the planet BT extended its managed low latency services to Sao Paulo.
Forum Trading Solutions acquired PLUS Markets Group's trading technology platform and will set up the venture as a new company. Meanwhile a study by Aite Group concluded that broker-dealer clients prize execution services over algos.
Products and services
Lime and NovaSparks teamed up to deliver low latency, hardware-based FPGA data feed handlers; MarketPrizm and OneMarketData announced PrizmScope Tick Data Cloud Service; and Exegy Ticker Plant data became available via Thomson Reuters RMDS.
Orange Business Services - Trading Solutions launched a 'pay as you grow' solution; CFN and xCelor employed microwave for low latency data; StreamBase announced Hadoop integration for real-time analytics for big data; and OMGEO addressed new collateral management requirements with ProtoColl.
People in the news
Last week saw Richard Balarkas leave Instinet, this week's high-profile exit was BATS Chi-X Europe COO Paul O'Donnell, who announced his return to Morgan Stanley in New York (British weather anyone?). Deltix appointed Paul Strehle as Business Development Manager; KVH selected Christopher Young as Senior Vice President of Service Provider and International Market Group; and SocGen appointed Brian Curran to a new role as Head of Portfolio Trading and Quantitative Distribution.
In the pipeline
Tune in next week for a series of video interviews conducted by Automated Trader where we talk to the experts about some of the hottest topics in risk management, modelling and multi-discipline research.
