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Deep Dive: The Boom In Big Data Could Mean Democracy For All Commentary,Feature,MarketsWiki Education,MWEd,Mwiki,Video,video

Note: Scroll to the bottom to view the video in three smaller segments.  The global financial markets are facing perhaps the biggest technological cycle in its history, with the growth of faster technology and the advent of cloud and now new data mining tools. JLN’s Jim Kharouf spoke with Drew Shields, chief technology officer at Trading Technologies and Julie Armstrong, executive director, global head of market technology services at CME Group about the latest trends in data and how that is reshaping the industry. Armstrong said that the industry trend may be toward a common data format, or even a…

Glitch resets multiple Nasdaq tech stocks to same price; The Nasdaq glitch explained; Ex-Glencore traders aim to cut out middlemen with online concentrate platform John Lothian Newsletter,Newsletter

First Read Time to Sign Up for New York MarketsWiki Education Series By John J. Lothian We are in the home stretch prior to the MarketsWiki Education World of Opportunity series in New York. It is time to sign up your interns or spread the word one last time as we are less than a week to go. Your sharing this information and act of kindness can have a big impact on the next generation to join our industry and markets. We have a great line-up of speakers for New York and I can confirm we have added JJ Kinahan…

EU Said to Warn Deutsche Boerse-LSE Merger May Crush Rivals; Citigroup Punished for Treasury Market Spoofing by Five Traders; IPSX selects Cinnober to help launch new real estate exchange John Lothian Newsletter,Newsletter

First Read The Case That Changed the Industry Jim Kharouf, JLN Back in 2005, I began covering a major development in the financial industry – patents. More specifically, I began covering the patent infringement cases by Trading Technologies against a number of firms including CQG. That case, which lasted almost 12 years with appeals, is now essentially settled by the US Court of Appeals for the Federal Circuit, which affirmed the validity of TT’s patents, and essentially backed a lower court’s finding that CQG infringed on TT’s patents. The settlement awarded in the lower court was for $16 million. TT’s…

Head East: TT’s Robbie McDonnell Sees Opportunity In Asia As Never Before Asia/Pacific,Blog,Commentary,Exchanges, OTC & Clearing,Feature,Fintech,Mwiki

It’s gonna be a good year after all for Asia’s markets. Robbie McDonnell, Trading Technologies’ executive vice president of global sales, who returned to Asia full time in recent months, said the region got a nice volume bump in November but the real growth is soon to come for a region that is implementing new technology, new partnerships and more ways to increase trading flows East to West. Let’s start with the numbers, as 2016 was shaping up to be a down year for Asian derivatives markets. The Asia-Pacific group of exchanges as a whole were down 8.6 percent over…

Drew Shields, Trading Technologies – Next-Generation Product Development Feature,MarketsWiki Education,MWEd,Mwiki,video

“There will always be someone as smart or smarter than you and you have no control over that. The only thing you have control over is whether you have more drive, more passion than others.” As chief technology officer at Trading Technologies, Drew Shields has been instrumental in the implementation of the software vendor’s new top-to-bottom makeover. The new architecture required lots of technical talent, to be sure, but it also required two additional attributes – hunger, and the ability to challenge the status quo. In college Shields majored in theology, and he started in the business world with few…

New Frontier: TT’s new platform debuts with European Energy Exchange Interview,Tech / HFT,Video

Independent Software Vendors are always looking for new markets and new opportunities. Trading Technologies says it has found both with a new deal with the European Energy Exchange to provide its new TT trading platform its market participants. Rick Lane, CEO of TT, spoke with John Lothian News about what it means for TT and EEX, and where the ISVs are heading. The announcement marks the debut of TT’s latest technology, simply branded as TT. The new platform is a major shift for the firm, which has been moving toward a software as a service model for its new technology….

Stefani Sandow, product manager, Trading Technologies – What Vitruvius Can Teach Us About Software Development Tech / HFT,Video

“If you’re interested in getting into financial software, you should remember Vitruvius. You should create software that is solid, that is useful, that is delightful.” Stefani Sandow, product manager at Trading Technologies, shows the relationship between the Roman architect Vitruvius and software development. She discusses three key concepts of Vitruvius’s teachings, Firmitas, Utilitas and Venustas, which translates to Solid, Useful and Delightful. Sandow stresses the importance of the user experience and how developers should be paying close attention to the design and interface of the software as well as its functionality. Finally, Sandow concludes by discussing the future of trading…

Rick Lane Q&A: How Trading Technologies plans to revolutionize trading Interview,Tech / HFT

Rick Lane

Rick Lane has been looking into the future for some time now. The former co-founder of Tickit Trading, which was acquired by Trading Technologies in 2010, has quickly risen from chief technology officer in April 2012 to the new CEO of TT. His Tickit software has become a key product for TT, which rebranded the technology as Algo Design Lab, a system of algos that are easily pieced together and allow traders to make new trading systems quickly and safely in a virtual Lego-like fashion. As CTO, he’s also been busy overseeing a major rebuilding of TT’s technology, which is…

John Lothian Newsletter: New Canadian stock exchange seeks to challenge dominant TMX; CME among the winners of stock market turbulence; Trading Technologies rolls out Europe services John Lothian Newsletter,Newsletter

Royal Bank of Canada and some fund manager friends plan a new stock exchange to challenge Toronto’s TMX by offering a non-HFT environment. Recent news and economic shocks have created tough volatility for many investors, but CME Group is coming out ahead this time. Trading Technologies unveils two big deals in Europe, expanding the company’s footprint.