Low Latency News

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

TradeTech USA 2010

February 22- 24, 2010

Marriot Marquis, New York, NY

Trade Tech USA is the largest and most renowned conference event in the North American region that is specifically designed to help with equity trading challenges faced by many.  Tech Trade USA 2010 offers:

• A mixture of leading decision makers, traders and professionals all under one roof aiming to create networking opportunities.
• Learn how industry leaders are planning to help generate alpha as the market structures change, fragmentation of liquidity increase and exchanges within the world continue to evolve throughout the upcoming fiscal year.
•  Experience an overall ‘Leading’ equity trading event with the latest strategies and innovations to help improve the quality of trading around the world. 

Some key events not to miss at TradeTech USA or Highlights of Trade Tech USA –

Finding a Single Solution for Global Connectivity, Tuesday, February 23, 2010 at 9:00 AM, where one can learn how to:

• Identify the advantages and costs of having a single point of entry into the global exchanges and trading venues.
• Uncover possible vendors that provide access to all market exchanges; including  what offerings must you evaluate as you compare vendors solutions, to optimize the current DMA or OMS systems for a greater global activity for your company.
•  Review the global connectivity system trends among the buy side; sell side, and the prop trading firms.

Guest Speaker, Charlie Rose Tuesday, February 23, 2010 at 11:45 AM. Here he moderates a panel that talks about: 

• The future of Capital Markets on a global scale.
• How to be leading the changes in the global business world, during this rough, international financial period.
• Meeting the challenges coming in the upcoming fiscal year. These challenges are:
  •  Finance industry and the changes in the employment trends.
  • Risk assessment, innovation, and the use of financial instruments, corporate policy.

Buttonwood Group Trading, a futures trading firm in Chicago whose virtual desktop-equipped trading floor we profiled in June has selected Realtime Systems Group’s trading software to implement its algorithmic trading strategies in multiple markets worldwide. Additionally, Buttonwood is the first customer designated as an RTS Technology Partner.
Buttonwood brought together management, traders and quantitative analysts to conduct a “build or buy” analysis and evaluate the best of breed technology to support the firm’s proprietary trading strategies. Buttonwood wanted a high-speed, flexible algorithmic trading platform, customized to the needs of its traders, financial engineers and risk personnel, within a short timeframe.
Following Buttonwood’s analysis, the firm selected RTS to become a technology partner and soon deployed RTD Tango, the algorithmic trading solution. Together, RTS and Buttonwood are working as a team to support Buttonwood’s sophisticated, high-frequency trading strategies globally across a range of fixed income, energy and index markets, with solutions customized for Buttonwood’s needs.
Dave Dugan, chief operating officer of Buttonwood Group, said: “We believe that RTS is progressive and a lead innovator in the race to zero latency, specifically in support of our high-frequency trading strategies. The RTD Tango solution and open architecture of the firm’s API’s have enabled our traders to take their critical strategies, build algorithms and integrate them seamlessly into a back-testing and production environment. We have received tremendous support from the RTS sales and technology staff, who have provided invaluable assistance in our development of complementary tools. As a technology partner, Buttonwood has a key role in the integration of RTS’ technology with third party functionality, such as historical tick databases (Exchange Systems Inc.) and post-market risk management (Global Risk Corp).