Low Latency News

New messaging middleware from Fiorano has enabled the U.K. fixed-income data provider to accelerate its streaming price updates.
By Penny Crosman
March 26, 2009

LiquidityHub, the London-based liquidity aggregator for the fixed income market, has begun to see a demand for low latency that didn’t exist a few years ago. (Banks send fixed-income derivative prices to LiquidityHub, a 16-bank consortium, and the organization performs calculations on that data and pushes it back out to subscribers.)

Until recently, “the key trading protocol that was used within fixed income was a request for quote mechanism, so if somebody wanted to buy a product, each dealer would give them a price and hold it valid for around 15 seconds,” explains chief technology officer Tony Harrop. “If the market moved in that time, the dealer held the risk in that they had to honor that price.”LiquidityHub Achieves 2 Millisecond Latency

At yesterday’s Wall Street & Technology event, “Accelerating Wall Street,” industry technologists and traders gathered to find out the latest in low-latency trading. Many hedge funds, broker-dealers, exchanges and even some traditional asset management firms were present. All were looking for that nugget of information that would give them just a small edge over their competition.

In the past achieving speed at the millisecond or microsecond level was more important to quant traders and hedge funds. But yesterday’s event made it clear that even traditional asset managers are considering getting into the game. Several were in the audience, intently listening and gathering information.

Will ’Chief Latency Officer’ be the newest title on Wall Street?

Metro Ethernet Forum White Paper for Mobile Service Proviers to implement MEF Specifications. MEF has identified specific requirements for mobile backhaul applications and has developed the Mobile Backhaul Implementation Agreement. that advises service providers how to successfully and cost-effectively implement Carrier Ethernet for mobile backhaul.

CFN Services Offers a Sub 16ms Route Between New York and Chicago

Herndon, VA February 16, 2009 (PRWeb) –CFN Services, a leading network integrator, has announced a new Ultra Low Latency Network from Chicago to New York. This Low Latency Network is in response to the active network traffic for Electronic Trading firms on the Chicago – New York route – allowing traders reliable low latency delivery of market data and order execution to maximize profits and minimize risk.

Low latency delivery of market data remains a strategic capability in the highly competitive post-Crunch trading environment. High-speed data access has shifted fully into the mainstream of market data managers’ activities, it seems, with 72% of respondents to the latest Market Data Insight readers’ poll believing it to be ‘essential’ if their organizations are to compete effectively in 2009.

While 22% of respondents continued to see low latency data as merely ‘nice to have,’ just 6% saw it as unimportant. The results appear to underscore the industry perception that those left standing will require high-speed data if they are to continue in the business of trading.