Low Latency News

It’s too soon to say how well the first broadband stimulus fund awards will represent the awards that follow (they represent less than 10% of the first-round funds, and the rules may change for the second round), but given how publicly the White House touted these first picks, it would seem they’re intended to be exemplary, to some degree, of what the administration wants in an applicant.

Click here for the top 5 stimulus winner observations

Available Now: 2010 Trading Beyond the Horizon

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In 2010, financial markets participants will continue to expand their trading activities as liquidity increasingly becomes fragmented, seeking alpha in new markets, best execution in dark pools, arbitrage opportunities across the order book and by implementing high frequency and complex, multi-leg, cross asset class strategies.

The successful operations – whether they be the proprietary desks of traditional broker/dealers, specialist high frequency and algorithmic traders, or quantitative hedge funds –  will leverage a trading infrastructure that combines high performance analytical, algorithmic and order routing platforms with the lowest latency access to multiple, geographically dispersed execution venues.

Multi-market trading – leveraging a fragmented market landscape – introduces new challenges, even for trading firms that have mastered the complexities of low-latency execution using approaches such as co-location and proximity.  Those mechanisms, while still relevant, provide a less complete solution when trading across markets that are geographically dispersed.

New entrants into the market for connectivity and proximity services include organizations that are themselves market participants, such as sell-side firms offering sponsored access and DMA, and liquidity venues, which are now providing global order routing networks, in some cases channelling order flow to their competitors.

Those service providers join traditional players including telcos, hosting companies and value-added extranet vendors, who often bundle trading applications with connectivity.

The bottom line: For multi-market trading, optimization of long-haul and metro communications links, combined with smart use of co-location, is an imperative for achieving the lowest latency, and this requires an understanding of connectivity offerings at a deep, granular level.

This  industry briefing explains the drivers for fragmentation and multi-market trading, the evolving landscape of market access, and explores connectivity approaches to minimize latency.

Toronto – Chi-X announces their location in Toronto to be 151 Front Street. CFN Services is premier provider of low latency global exchange connectivity; also collocated at 151 Front Street. CFN provides trading firms the ability to receive the lowest latency available into 151 Front Street, Toronto from NY/NJ Metro, Chicago Metro , London Metro, Frankfurt, Sao Paulo and Tokyo.

Check out the newest knowledgeportal to support low latency and dark fiber news and resources.

NEW YORK (Reuters) – U.S. securities regulators are investigating ways to bring light to so-called dark pools, automated trading systems that do not display quotes publicly, the head of the Securities and Exchange Commission said on Thursday.

Dark pools, where orders are anonymously matched so that traders do not alert the wider market to their intentions, have triggered concerns that stock pricing may not be transparent and that a privileged few are benefiting. More

Telehouse America is seeking to leverage some of its data center real estate to gain a piece of the growing market for colocation space to support high-frequency trading. The company said today that it has colo space and power available in its New York data center facilities at 25 Broadway and 7 Teleport in Staten Island for clients seeking low-latency connectivity.

Wall Street Technology Association (WSTA) 2010 Resource Center is live. The WSTA Resource Guide lists companies who offer a broad range of products and services for the financial and frequency trading technology industry by category.  http://preview.tinyurl.com/wsta-directory

Newedge Is First Foreign Broker to Get Korean Futures License by Wall Street & Technology.

CFN Services has announced reduced latency between Toronto Financial District and  NY/NJ Financial District. CFN Services, continues their commitment to continually evaluate and improve network latency to all major Global Exchanges. The ability that CFN has to quickly react to the market and the needs of their users provides them a differentiation in the ultra low latency space. CFN  offers turnkey Global Exchange Ultra Low Latency Connectivity, and also provides custom network design and optimization for their users. CFN brings a long history of experience and expertise in the fiber network space and that value is passed along to their customers to help provide them the edge they need to increase their execution success in high frequency trading.

Sao Paulo is the HOT, NEW destination for the trade execution success in 2010! CFN Services offers the lowest latency exchange connectivity to BM&FBOVESPA.  From event to execution every millisecond matters; knowing that the connectivity is completely optimized provides your firm a competitive edge. Capacity is Limited, so call now for your Low Latency Guarantee.  While you are thinking about it, why not ask about our other locations: London, Toronto, Frankfurt, New York, Chicago, Tokyo, Korea and Singapore. For more info saopaulo@cfnservices.com