FiNETIK – Asia and Latin America – Market News Network

Asia and Latin America News Network focusing on Financial Markets, Energy, Environment, Commodity and Risk, Trading and Data Management

Perseus Clocks Sub-Nanosecond UTC Timescale in Equinix’s London Slough Campus

Sub-nanosecond FINRA Provable Timestamp; Live in the US and Europe for Global Synchronization of Trading Systems

 LONDON – 03 July 2013 – Perseus Telecom, a leading provider of ultra-low latency, high capacity networks from market-to-market, today announced its High Precision Time™ offering that provides deterministic synchronization with the US timescale UTC (Coordinated Universal Time) assisting firms balance enterprise systems and meet regulation guidelines.

Regulatory mandates and technological efficiencies continue to drive the need for more transparency in low latency high speed trading. This has pushed firms to move low latency policies deeper through the stack from the wire to the chipset, garnering the need to ingest provable time more accurately. Widespread deployment of time platforms use a combination of GPS time data and NTP (Network Time Protocol) for the delivery of time, where both are proving less reliable with high latency time synchronization despite the growth of market data and faster processing speeds across financial markets.

The Perseus time service utilizes 1 PPS (Pulse Per Second), an electrical signal Perseus uses to condition a customer server clock with the highest precision time data delivery backed by a Perseus SLA of less than one nanosecond. Other Perseus technologies such as fiber-optic and wireless connectivity with proximity colocation, all contribute to condition local grandmaster atomic clocks that feed time at electrical pulse speeds to customer trading systems and applications.

Stewart Orrell, Managing Director, Global Capital Markets at Equinix commented, “We are very pleased to have Perseus provide new critical infrastructure for certifiable time data across the Equinix ecosystem both in the US and now in Europe. Having financial firms able to reference UTC time data across existing trading ecosystems helps meet client requirements as they communicate and trade from market to market.”

The atomic clock installation at the Equinix LD4 datacenter was built to serve local and international broker dealers and the buy-sides such as High Frequency Trading firms. This new environment allows participants to interoperate their extremely fast market data, algorithmic and order execution servers in a colocated LAN environment a few feet from the Perseus atomic clocks and the markets of the Aquis Exchange, BATS-Chi-X, BOAT, ICAP EBS, Nasdaq OMX NLX, Turquoise and the London Metal Exchange (LME).

 Andrew Kusminsky, Chief Operating and Strategy Officer at Perseus said, “Rolling out High Precision Time™ in Equinix datacenters is one of our key strategies to help our financial customers performing at the lowest latency speeds in global markets. The Perseus precision time services help to mitigate risk, meet new stringent financial compliance guidelines, and ensure HFT systems are consistently accurate as they trade over our ultra low-latency networks including QuanTA, LiquidPath® and wireless/microwave.”

Source: Perseus,03.07.2013

Filed under: Trading Technology, , , , ,

NYSE Data Services to deliver all Market Data via Web Services

NYSE Technologies, the commercial technology division of NYSE Euronext, and Xignite Inc., provider of web-based market data services, have announced their agreement to launch a new service providing access to real-time, historical, and reference market data for all NYSE Euronext markets via the Internet. In extending the benefits offered by the NYSE Technologies Capital Markets Community platform introduced in 2011, NYSE Technologies Market Data Web Services is geared towards non-latency sensitive clients and those in remote locations. The first phase offers real-time retail reference pricing for NYSE, NYSE MKT, and NYSE Arca markets.

NYSE Technologies Market Data Web Services, which is powered by XigniteOnDemand, allows clients the flexibility to access only the content that they need for a wide range of purposes from developing trading solutions for financial web portals to enabling Internet-powered devices. The user interface offers data services from across NYSE Technologies’ full portfolio of market data assets. The second phase scheduled for the third quarter of 2012 will offer NYSE Bonds data, NYSE Liffe Level 1 and Level 2 data, and NYSE and NYSE MKT Order Imbalances.

“Our goal is to connect data consumers directly to our content in multiple ways- via collocation at our Liquidity Centers, direct connection to our SFTI network and now via the web,” said Jennifer Nayar, Head of Global Data Products, NYSE Technologies. “We are pleased to partner with Xignite to address the demand for internet-based delivery of market data and as a result, further extend our client-base to non-latency sensitive and remote clients.”

Using a standard Internet connection, users can access NYSE Euronext market data and customize it according to their specific trading needs. Customers anywhere around the world, including those in remote locations, are able to access the data they need and develop to it with ease for fast time-to-market.

“The delivery of market data content via websites and mobile devices continues to build momentum and we are excited to leverage these applications to help increase access to NYSE Euronext data,” said Stephane Dubois, Xignite’s CEO and founder. “Both NYSE Technologies and Xignite have demonstrated a strong commitment to the electronic delivery of market data and the ability to serve today’s growing, diverse array of applications, especially the mobile market.”

The initiative with Xignite complements NYSE Technologies’ enterprise cloud strategy. NYSE Technologies Capital Markets Community Platform enables a range of industry firms and registered market participants to purchase computing power as needed, freeing them to focus on core business strategy rather than complicated IT infrastructure. NYSE Technologies Market Data Web Services provides clients with another market data delivery option for NYSE Euronext content, supporting current access methods offered by NYSE Technologies where direct connect clients and SuperFeed clients have the choice of collocating in NYSE Technologies’ Liquidity Center or connecting to its Secure Financial Transaction Infrastructure® (SFTI) network.

Source: NYSE Technologies, 06.06.2012

Filed under: Data Management, Data Vendor, Market Data, Trading Technology, , , , , , , , , ,

Peru: Lima Stock Exchange (Bolsa de Valores de Lima) selects the SunGard Global Network for Market Data Distribution Bolsa de Valores de Lima selects the SunGard global network for Market Data Distribution

Bolsa de Valores de Lima S.A. (BVL), the Peruvian stock exchange, has selected the SunGard Global Network (SGN) as a distribution channel for its data.

Peru is expected to be Latin America’s fastest growing economy in 2012, according to its Economy and Finance Minister. U.S. Department of State figures show that its economic growth averaged 7.0% a year for the 7 years up to 2010, due in large part to market-oriented economic reforms and privatization, as well as high international prices for the country’s largest commodity exports.

SGN will help BVL reach a broad international audience by delivering its real-time market data and multi-asset class historical data and analytics to asset managers and brokers worldwide. Those firms will also be able to route orders to the exchange via SGN, contributing to activity on BVL.

Francis Stenning, chief executive officer of the Bolsa de Valores de Lima, said, “Joining the SunGard Global Network will help Bolsa de Valores de Lima increase our visibility internationally and create new trading opportunities for our members.”

Philippe Carré, global head of connectivity of SunGard’s capital markets business, said, “We are seeing increased demand for direct connectivity to Latin America as the debt crisis drives international investors to seek alternatives to western Europe and US markets. The SunGard Global Network makes it easy to route orders and access real-time, high quality data, helping our customers operate more efficiently and make more informed trading decisions.”

Source: BobsGuide,17.04.2012

Filed under: Exchanges, Latin America, Market Data, Peru, , , , , , ,

Active Financial expands offerings through Global Infrastructure ActivNet

Activ Financial, a global provider of fully managed low-latency and enterprise market data solutions, today announced that ActivNet, the firm’s global infrastructure for the transmission of financial data worldwide, is expanding its offerings to include raw feed delivery and trade order routing. Originally developed to provide access to locally aggregated raw direct exchange feeds as well as globally aggregated exchange feeds, the collocated, highly managed and reliable system is now also being utilized for trade/execution transport and other latency sensitive data.

“ActivNet is a fully realized global infrastructure that has a proven track record as a high-performance, stable and low-latency communications platform,” said Antonio Bernard, Chief Network Architect of Activ Financial. “By offering additional capabilities vital to the financial sector, businesses across the world can access high-quality data and execute trades at the fastest speeds available, all without the added costs necessitated by building and maintaining their own global network infrastructure.”

ActivNet is optimized for real-time information services related to price discovery, eliminating transfer issues often facing multi-purpose networks. To support the infrastructure, ACTIV’s proximity centers operate in more than 20 physical global centers around the world, either in or near exchanges in key market locations, ensuring space, power, cooling, and an extensive, flexible network that is able to meet demanding requirements.

The architecture behind ActivNet provides the speed advantages of local direct feeds plus fast delivery of content from away markets. By leveraging the concept of an A & B Ring, which provides a fully resilient and dynamic path for delivery of raw exchange data and market data, coupled with strategic points of presence across major international locations, users are granted extremely high levels of traffic engineering capability. This architecture provides best in class latency characteristics while also providing the highest degree of resiliency. In addition, the commitment to carrier neutrality allows ACTIV to leverage the best providers between points where reliability is critical.

“ActivNet was originally designed to drive our core business at Activ Financial, and as such customers can trust that the network is maintained at the highest level.” said Activ Financial President Frank Piasecki. “We are consistently searching for and testing new routes and offerings and investing in our infrastructure, and businesses can take advantage of the quality system that Activ Financial uses for its own data needs every day.”

Source: A-Team, 03.04.2012

Filed under: Data Vendor, Market Data, Trading Technology, , , , , ,

NYSE Technology and KOSCOM announce MOU in mutual network and technology expansion in Korea

NYSE Technologies, the commercial technology division of NYSE Euronext and Koscom Corporation, the technology firm created by the Korean Ministry of Finance and Korea Exchange, today announced the signing of a Memorandum of Understanding (MOU) that formalizes a joint commitment to continued technology cooperation and the creation of new international business opportunities. The agreement also supports NYSE Technologies’ core capital markets community strategy of connecting a diverse range of key global vendors, market participants and trading destinations to the Secure Financial Transaction Infrastructure (SFTI) network.

Among a range of cooperative benefits intended to create customer value and market efficiency, this strategic agreement is also designed to facilitate plans to link NYSE Technologies SFTI network that already connects market participants and exchanges around the world with the Koscom STOCK-NET, an established network with strong connections among market participants and the exchange in Korea. This initiative will further develop, strengthen and promote cross-border trading between Korea and international markets. With a diverse portfolio of financial technology solutions that include front and back office operations, both Koscom and NYSE Technologies provide market participants with a complete menu of trading and data infrastructure options, business applications and consultancy expertise.

“We are pleased to expand our already strong relationship with the Korea Exchange through this strategic agreement with Koscom,” said Stanley Young, CEO, NYSE Technologies. “As we continue our mission of global innovation and the creation of a true capital markets community, it’s essential that we collaborate with other world-class technology teams like Koscom to find greater ways to serve our customers by enhancing the accessibility of global markets and the performance of their participants. We are excited to begin exploring new ways to achieve those goals with the help of our colleagues at Koscom.”

“We are delighted to be partnering with NYSE Technologies. Our strategic relationship with NYSE Technologies will allow us to continue introducing a state of the art technology and reinforce our position as an expert in exchange systems and financial solutions,” Joo Ha Woo, CEO, Koscom stated. “As leading financial solution providers, both Koscom and NYSE Technologies represent a valuable path to establish stronger presences in global market. We believe that this opportunity will maintain a positive bond between Koscom and NYSE Technologies and continue to provide great service to our current and potential customers worldwide.”

Building on the 2004 MOU between the New York Stock Exchange and the Korea Exchange, this new agreement between the commercial technology units of each exchange offers each the opportunity to work more closely to identify new business opportunities, explore co-branded initiatives and transmit market information into and out of Korea faster and with greater efficiency.

Source: Mondovisone, 29.03.2012

Filed under: Asia, Exchanges, Korea, , , , , , ,

Tokyo Commodity Exchange Endorses Equinix as a Preferred data Centre Co-Lo Provider

Equinix is to offer high performance colocation and low-latency connectivity solutions to Tokyo Commodity Exchange (TOCOM) market participants through Equinix’s two Tokyo International Business Exchange (IBX) data centres. TOCOM market participants will be able to colocate their electronic trading data infrastructure in close proximity to the vibrant financial community within Equinix’s network-neutral centres.

Equinix’s TY1 and TY2 IBX centres, located in Heiwajima and Shinagawa respectively, offer premium data centre infrastructure for achieving the security and resilience demanded by high-availability execution venues. Within both centres, TOCOM will have a direct connection to Equinix Financial eXchange service’s established community of execution venues, buy and sell side firms, market data providers and technology utilities, that have located at Equinix’s high performance data centres to access the widest choice of low-latency networks and to directly exchange data with strategic partners and customers in close proximity. The high quality, advanced design of the TY1 and TY2 centres offers financial customers a full range of scalable services, including colocation, interconnection, support and monitoring.

“We are delighted to welcome Equinix as one of TOCOM’s preferred colocation providers,” said Masaaki Nangaku, president and CEO of TOCOM. “As one of the world’s leading commodity exchanges, TOCOM recognizes the needs of our international trading community. Equinix’s leading expertise with the global financial marketplace ideally complements our goal of providing world-class trading functionality to the international marketplace. Equinix’s global footprint, commitment to the Asia-Pacific region, and relentless pursuit of the best network providers for the financial industry, offers a new choice for our market participants who are seeking a reliable, low-latency and network rich environment with close proximity to strategic partners.”

Source: A-Team 11.06.2009

“TOCOM is transforming into an international commodity market by expanding trading services,” said David Wilkinson, Representative Director of Equinix in Japan. “With presence in all of the top ten world financial centres, the global reach of Equinix Financial eXchange affirms such view with reliable, fast and seamless access via low-cost connectivity to execution venues around the world. Featuring industry-leading uptime, best-in-breed connectivity capabilities and ultra low-latency, we help pioneers like TOCOM achieve and build a lasting competitive advantage.”

Filed under: Asia, Exchanges, FIX Connectivity, Japan, Trading Technology, , , , , , , , , , , ,

China Life Selects Charles River to Automate Investment Operations

Excerpt from Asian Investor highlighting China Life Asset Management’s selection of Charles River IMS to automate its investment operations across all asset classes.

China Life Asset Management Company, China’s largest institutional investor, has selected the Charles River Investment Management System (Charles River IMS) to automate its investment operations across all assets classes. The firm will benefit from extensive portfolio management, order management and real-time pre-trade compliance testing and monitoring capabilities on a single integrated platform, made available in a fully localized Chinese version.

“The China financial market is exceptionally fast paced. To be nimble in this ever-changing environment, and to be able to best cater to our customers, we needed an investment management system that is robust,” said Fengming Zhang, Executive Vice President, China Life Asset Management Company. “Charles River’s proven system, local knowledge and 24×7 regional support is critical to our growth strategy. We now have comprehensive portfolio management, and pre- and post-trade compliance capabilities that allow us to adhere easily to client mandates for our domestic Chinese business.”

“China Life Asset Management Company is a key strategic partner and Charles River’s first domestic asset management client in China,” said Cameron Field, Managing Director, Asia Pacific, Charles River Development. “As China rapidly deregulates its capital markets system, we are seeing increased demand by Chinese asset managers for a comprehensive front- to middle-office platform that can manage complex investment strategies as well as domestic products. Charles River IMS gives our clients the flexibility and necessary tools to create and manage portfolios of any asset class, including local Chinese equity and fixed income investments.”

Source: Charles River, 13.05.2009

Filed under: Asia, China, News, Risk Management, Trading Technology, , , , , , , ,

Impact of growing Market Data Volums – Shanghai Stock Exchange

See Market Data Volums Presenations (download) as presented on October 18th, 2007 in Shanghai to China’s financial information vendor and user community. Trend and Solutions in of the growing market data volum.  An event jointly organized between SSE Infonet (Shanghai Stock Exchange) and FISD

Source: 18.10.2007 FiNETIK, Stephan Stadelmann

Filed under: Asia, China, Data Management, Data Vendor, Exchanges, FiNETIK Articles, Library, Market Data, Standards, , , , , , , , , , , ,