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Correlix announces Latency Intelligence 1.5

January 6th, 2009 - Correlix extends capabilities of Latency Intelligence Solution to increase speed of trade execution

StreamBase and Vertica announce customer deployment at BlueCrest

December 9th, 2008 - BlueCrest Capital Management to deploy StreamBase and Vertica technologies

Thor Asset Management selects QuantFEED to trade on US and European markets

December 1st, 2008 - Thor Asset Management USA selects QuantHouse low latency solutions for US and European futures markets

Jyske Bank chooses Aegisoft's Exchange Simulator to test FIX-based trading system

November 18th, 2008 - Aegisoft's Exchange Simulator chosen by Jyske Bank to test FIX-based trading system

Solace Systems to collaborate with Arista Networks and NetEffect

November 12th, 2008 - Solace, Arista and NetEffect publish hardware architecture and demonstrate market data performance gain

Excerpt from "Quality Money Management" by Andrew Kumiega and Benjamin Van Vliet

As the competition to produce and quickly deploy profitable trading models continues to increase, many participants are starting to pay more attention to refining their model development process. In the first of three excerpts from their book "Quality Money Management", Andrew Kumiega and Benjamin Van Vliet provide an overview of an optimal process for trading model development.

A stochastic model for order book dynamics

We propose a stochastic model for the continuous-time dynamics of a limit order book. The model strikes a balance between two desirable features: it captures key empirical properties of order book dynamics and its analytical tractability allows for fast computation of various quantities of interest without resorting to simulation. We describe a simple parameter estimation procedure based on high-frequency observations of the order book and illustrate the results on data from the Tokyo stock exchange. Using Laplace transform methods, we are able to eﬃciently compute probabilities of various events, conditional on the state of the order book: an increase in the mid-price, execution of an order at the bid before the ask quote moves, and execution of both a buy and a sell order at the best quotes before the price moves. Comparison with high-frequency data shows that our model can capture accurately the short term dynamics of the limit order book.

Bank of China International Selects Progress Apama to Strengthen Its Algorithmic Trading Platform Capabilities

September 9th, 2008: Progress Software Corporation (NASDAQ: PRGS), has announced that BOC International Holdings Limited (BOCI), the wholly owned investment bank of Bank of China, has selected the Progress Apama Algorithmic Trading Platform to strengthen its investment banking infrastructure.

Weeden & Co. Deploys FlexOMS

29th July, 2008 - FlexTrade Systems announces that Weeden & Co. LP has replaced its OMS platform with FlexOMS

Correlix Latency Intelligence Solution Leverages Endace Technology to Pinpoint Sources of Delay in Trade Data

July 21st, 2008 - Companies partner to measure and minimize latency in market data and trade execution