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Category Archives: Tech / HFT

Technology and high-frequency trading updates from John Lothian News.

Asian Financial News from John Lothian News – July 25, 2017 Standard

Lead Stories HNA unveils New York-based charity as controlling shareholder; Acquisitive Chinese investor’s surprise revelation as lenders turn off taps JOYCE HO, Nikkei Acquisitive Chinese outbound investor HNA Group has openly disclosed its shareholding structure for the first time amid rising concerns that Beijing’s deleveraging campaign might choke lending to the company which has largely fueled its expansion through debts and collateralization. https://goo.gl/M6Feue Column: Time to OK Chinese investors’ controversial Chicago Stock Exchange deal Robert Reed – Chicago Tribune The time has come for federal regulators to approve a small but highly controversial local business deal — the purchase of…

Meet My Connection: BSO Finding Ways To Connect Traders To Emerging Markets Standard

Archimedes is credited with saying “The shortest distance between two points is a straight line,” but that’s not always the fastest. Michael Ourabah says the fastest route to and from emerging markets is through his network BSO. The firm, effectively started by Ourabah out of his college dorm room in France in 2004, has found its niche in helping connect trading firms, banks, brokers, and technology firms from major financial hubs to developing markets. And with that, revenues have grown from $1 million in year one to more than $25 million. Ourabah looked at the speed race between telecom providers…

People Moves Standard

Yesterday’s lead story mentioned Cameron Smith, Dan Coleman and Eric Noll all moving on to new ventures, some in the markets and some not. There have been some other moves recently too, all courtesy of people updating their LinkedIn profiles. Jennifer Wachtel, Tim Cave, Bruce Goldberg, Tom Thornton-Smith, Eric Hazard, and Brendan Bradley are on the list of updates. Jennifer Wachtel is now executive director, global co-head of marketing at CME Group. She was head of digital marketing prior to this position. Tim Cave, a journalist with Financial News, has joined Tabb Group as a European market structure analyst. Bruce…

B23’s Mark Bittman: Characteristics of a Data Analytics Platform Standard

Speaking at Barchart’s FinTech Exchange Chicago conference in April, B23’s Mark Bittman outlined what it takes to build a data analytics platform while harnessing the power of the cloud. In this video he explains why a platform needs to scalable, flexible, composable and transparent.

FinTech Exchange: Haraburda Says Alternative Data the Next Step Standard

How big is your data set? Mark Haraburda, CEO of Barchart, which hosts the FinTech Exchange 2017 conference last month, said the data space is quickly expanding and innovating in new ways. “This year the event has been focused on data, the way data is delivered, the way data is stored, the way data is analyzed and visualized as well as the new types of data in the alternative data space,” he said. Haraburda and Barchart see a lot of potential in the alternative data space, especially in the types of data derived from satellite imagery. Everything from agriculture production…

D is for Data: FinTech Exchange Standard

The sold-out FinTech Exchange conference, hosted by Barchart, was largely about data – what to do with data, how exchanges are capturing new data and how to trade it. That, on its surface, isn’t particularly new. But the infrastructure to capture all kinds of data is now developed. The CME Group’s Julie Armstrong Menacho colorfully outlined how the exchange has migrated all of its historical data onto the cloud, giving customers greater access to it, along with a growing list of partners who provide alternative data sets like satellite images of oil storage facilities or social media sentiment. CBOE’s Catherine…

A Difference Maker: Post-trade Clearing Tech Now a Differentiator For Firms Standard

If today’s markets are traded in milliseconds, why can’t post-trade clearing keep up? ION is addressing that with its XTP clearing solution, a near real-time system it has quietly been rolling out since 2015. Last year the product was adopted by a handful of firms. And this year, ION is hoping to see a larger migration of customers to the new platform, which is considered a major upgrade to its Rolfe & Nolan system. It took ION four years to build the system, creating it on top of ION’s core trading technology. The low-profile firm is stepping out a bit…

CloudMargin gains traction: Remote processing and storage is here to stay in financial services Standard

 There is no more room for doubting the cloud. Regulators have become acclimated to the concept of remote processing power and clients have been reassured as to its safety. Now the value proposition is laid bare and the current rate of adoption appears to be entering exponential mode. For 3-year-old collateral management firm CloudMargin — whose offering handles margin requirements across multiple counterparties for multiple asset classes —  the embrace of cloud technology helped it grow its client base by 50 percent so far in 2017 to more than 30 asset managers, insurance agencies, banks and brokers, utilizing a network…

Justin Schack, Rosenblatt Securities – Making Modern Market Structure Standard

“The whole point of Reg NMS was to deal with the 10 years of change that had already happened — that of course made things even more complex. And there are things about Regulation NMS that we’re dealing with today that some people find problematic. But it is not a new thing and it’s just another block in what I like to call the Jenga tower of market structure.” It always pays to have an understanding of history, especially when mass media latches onto a storyline and refuses to let go. In the wake of the financial crisis, one of…