VIDEO: See why Equinix electronic trading campuses have become the world's new financial centers for electronic trading.
CONVERGENCE IN ELECTRONIC TRADING
Electronic trading has evolved significantly over the past decade. Market fragmentation, regulation and the push for greater transparency, globalization and technological innovation are all driving asset managers to re-evaluate investing strategies and industry relationships as growing complexity changes the fundamental landscape.
Colocation hubs in key financial metros like New York have become the new financial centers where market structure resides. Close proximity and shared infrastructure combine to offer a range of benefits, including reduced latencies, lower costs and greatly improved security. And the ability to connect directly to all the major cloud providers inside these hubs, bypassing the public Internet, is increasingly attractive as financial firms look to manage costs and opportunities associated with big data.
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Technology & Regulation
On occasion, hedge fund C-level execs don’t see eye to eye. It’s inevitable. One such topic of occasional discord is outsourced IT. Chief technology officers (CTOs), for example, are immersed in every level of technology, from applications to security to disaster recovery, and they have a vested interest in concerns from user experience to business continuity and beyond. Meanwhile, chief financial officers (CFOs) must focus on the bottom line, factoring in the cost-benefit of new technologies and projects. Elsewhere in the C-suite, the chief operating officer (COO) is looking at opportunity costs and asking key questions including if the CTO is...
On February 11, 2016, the Financial Industry Regulatory Authority (“FINRA”) filed a proposed rule with the Securities and Exchange Commission (“SEC”) that would require individuals who “design, develop or significantly modify algorithmic trading strategies” (or “ATS”) as well as individuals responsible for the “day-to-day supervision or direction of the development process,” to pass a qualification exam and register with FINRA as securities traders.
Dow Jones has launched a next-generation multicast news product, delivered in a faster, lighter format throughout the New York trading community in Equinix, the premier data center and interconnection company for the global financial markets. Dow Jones's multicast news feed will be available in the Equinix Secaucus Campus (NY2, NY4, NY5 and NY6) International Business Exchange (IBX®) data centers.
New research from Celent – sponsored by Colt – has found that the appetite for cloud-based services in capital markets has reached a critical point and that cloud is set to become the main delivery model for certain key functions in the near future. The research, entitled ‘The cloud comes of age in capital markets’ shows that attitudes towards cloud have softened in the last 12-18 months, with participants showing more acceptance of the security, stability and reliability of cloud-based deployments.
Demand for multi-asset trading on the buy side has “renewed” the importance of the execution management system’s role on buy-side trading desks in the battle for screen-based real estate. FlexTrade's Ivy Schmerken investigates.
Vela Trading Technologies, a global leader in high performance trading and market data technology, announced that its CEO Jennifer Nayar, has won Markets Media’s Markets Choice Women in Finance award for Excellence in Trading Technology.
TMX Atrium is a leading low latency venue-neutral infrastructure provider for financial services participants in Europe and North America. TMX Atrium has further expanded its global market data products offering and now provides full package of US Securities Information Processor (SIP) feeds including upgraded and faster Unlisted Trading Privileges data (go-live date scheduled for 24th of October 2016). TMX Atrium Extranet is connected to the Nasdaq Third-Party infrastructure and can now offer to the financial community faster UTP feed (SIP C-tape) that leverages the enhanced INET Platform.
Financial cloud services will be offered in Equinix LD4, TY3 and NY4 to benefit key FX markets
LONDON — November 8, 2016 — BSO, the global Ethernet network, cloud and hosting provider, announces plans for Phase 2 of its aggressive, comprehensive U.S. expansion, which will include initiatives to further optimise its specialist network to meet the changing needs of the financial community. The next wave will build on the groundwork of the initial phase, which delivered the company’s network full circle around the world, connecting both East and West coasts and key U.S. cities to BSO’s highly-optimised trading network in just a matter of months.
Vela Trading Technologies, a global leader in high performance trading and market data technology, today announced the continued expansion of its market data coverage, adding a variety of new direct market feed handlers and gateways including a growing number across the Asian markets. The venues span multiple global exchanges and cover asset classes including futures, options, equities, foreign exchange, indices, derivatives, index futures, and index options.
FlexTrade today announced its FlexTRADER execution management system (EMS) has been named the Best Buy-Side Algorithmic / DMA Product or Service at this year’s Buy-Side Technology Awards, which was held at The May Fair Hotel in London on Friday, November 4, 2016.
Learn how a modern hedge fund operating system can support the parts of a fund at a specific locale as well as cross-office while providing real-time, customized, mobile and accurate workflows for the portfolio manager, head of trading and ops and tech.
While media headlines have obsessed over a lack of liquidity in corporate bonds, some market experts appear to be more nervous about U.S. Treasuries, which is the largest and most liquid asset class in fixed income. Electronic trading has grown in U.S. Treasury bonds just as it has in equities and foreign exchange, but recent price volatility and worries about liquidity disruptions are sending jitters through the ecosystem.
As dealers have pulled back from risk-taking, market participants are looking to electronic platforms for alternative sources of liquidity. But why is this trend grabbing so much attention and headlines? The reason is quite simple – uncertainty.
Electronic transformation of cash equities markets was driven by waves of regulation from the mid 1990s to late 2000s. The effect on other asset classes is likely to be magnified given the wider scope of the new regulations. Will we see the trend that manifested itself in the equity markets play out in fixed income markets with the advent of more automated and algorithmic trading?
Equinix’s OTC expert, Barry Smith and the Chief Executive Officer of Global Markets Exchange Group, Hirander Misra share a panel with leading experts on Fixed Income OTC & Exchange Traded Derivatives.
With today's rapidly evolving landscape, outsourced technology solutions have become an important competitive differentiator for hedge fund managers. Selecting the right outsourcing partner is critical to addressing investors' growing desire for secure, robust and reliable infrastructure.
Equities & Options
FlexTrade Systems, a global leader in multi-asset execution and order management systems, today announced that Sydney-based Dalton Street Capital, in partnership with Prodigy Investment Partners, has deployed the FlexTRADER EMS to facilitate global cross asset trading of futures, equities and FX.
Options, the leading provider of cloud-enabled managed services to the global capital markets, has announced the successful platform migration for quantitative trading hedge fund Systematica Investments (Systematica). The project involved the extensive rollout of a fully managed infrastructure and trading platform across all of the firm’s European, Asian and North American operations.
Understand how maintaining a competitive edge when trading connectivity is getting more complicated and challenging than ever.
With stricter regulations, capital constraints and technology costs impacting the sell side, large brokers are rationing their services and this trend is being felt on equity trading desks. FlexTrade’s Ivy Schmerken investigates.
November 15, 2016
Avelacom is the event partner for the Trading GCC conference on 15th November at the Sheraton Grand Hotel, Dubai
Colt, the global network and trading infrastructure provider, announced today that it is rapidly expanding the Colt PrizmNet financial extranet in North America to include a range of U.S. and Canadian financial content providers, foreign exchange (FX) venues and technology providers, including Hotspot, Nasdaq and Omega ATS. Through its growing financial extranet, Colt enables providers to offer critical financial content with increased transparency, real-time reporting and reduced time-to-market for its customers. Colt PrizmNet’s growing community includes providers of FX pricing data, execution venues, single-dealer platforms, trade reporting, risk management and more.
BSO announces the launch of ‘Mumbai Connect’, an ultra low latency service that offers ultra-fast, flexible connectivity in/out of India to major global markets.
On January 15th 2015, the Swiss National Bank announced that it unexpectedly scrapped its three-year policy of capping the Swiss franc against the euro.
With the growth of electronic trading in FX markets, Asia Pacific has become one of the fastest growing regions for currency trading. Vinay Trivedi, Senior Vice President, Strategic Initiatives & Head of FX Sales, APAC at FlexTrade Systems, discusses trends in FX markets and trading technology, specifically how the buy side is using aggregation tools and algorithmic trading through the execution management system (EMS) to seek the best price in Asian currency markets.
Political shocks such as Brexit and the U.S. election of Donald Trump jolted the foreign exchange markets in 2016, fueling more trading activity for hedge funds and bank trading rooms. Uncertainty around a stronger U.S. dollar and higher interest rates could drive more volatility into 2017. FlexTrade’s Ivy Schmerken investigates.
Algorithmic trading is gaining ground in FX among the buy-side, but there are variations between asset managers/pension funds and hedge funds/CTAs in adopting these tools. FlexTrade's Ivy Schmerken examines further.
Part One of the series provides an overview of today’s global FX markets and identifies some of the challenges and opportunities facing market participants.
This second part looks look at some of the latest innovations and trends in the market and how firms are capitalizing on technology to give themselves and their customers a competitive advantage.
This third and final part of the series reviews the growth of the FX trading community inside Equinix datacenters and the role it plays in today’s global FX market, looking ahead at how trends may evolve in the future.