Banco Fator Corretora Goes for Low Latency Trading

February 11th, 2010
RSS Feed Subscribe to EtherNEWS Bookmark and Share
Banco Fator Corretora, a Brazilian bank and brokerage firm, has deployed the Progress Software “Apama Algorithmic Trading Accelerator,” software that enables traders to create customized algorithms to manage client order flow for low-latency trading, as well as creating  algorithms.
The Apama Algorithmic Trading Accelerator will play a “critical role” in Banco Fator’s new electronic trading strategy, enabling it to more effectively develop high-frequency and proprietary trading tactics, rapid customization, and low latency execution of trades.
Banco Fator clients are also able to use the Apama Algorithmic Trading Accelerator to trade on Brazil’s BM&F Bovespa, the São Paulo Equities and Futures Exchange.
“Instead of investing capital in the acquisition, operation and support of an electronic trading system, our clients simply license the right to use the system from us,” says Alexandre Carneiro De Lucci, Director of Banco Fator Corretora. “This approach provides the fastest method for our clients to enter the high frequency trading business with minimal up-front investment.”
In addition to offering algorithmic trading services, Banco Fator will leverage Apama platform capabilities to automate its own internal trading operations.
http://web.progress.com/en/inthenews/banco-fator-selects–02082010.html

Banco Fator Corretora, a Brazilian bank and brokerage firm, has deployed the Progress Software “Apama Algorithmic Trading Accelerator,” software that enables traders to create customized algorithms to manage client order flow for low-latency trading, as well as creating  algorithms.

The Apama Algorithmic Trading Accelerator will play a “critical role” in Banco Fator’s new electronic trading strategy, enabling it to more effectively develop high-frequency and proprietary trading tactics, rapid customization, and low latency execution of trades.

Banco Fator clients are also able to use the Apama Algorithmic Trading Accelerator to trade on Brazil’s BM&F Bovespa, the São Paulo Equities and Futures Exchange.

“Instead of investing capital in the acquisition, operation and support of an electronic trading system, our clients simply license the right to use the system from us,” says Alexandre Carneiro De Lucci, Director of Banco Fator Corretora. “This approach provides the fastest method for our clients to enter the high frequency trading business with minimal up-front investment.”

In addition to offering algorithmic trading services, Banco Fator will leverage Apama platform capabilities to automate its own internal trading operations.

http://web.progress.com/en/inthenews/banco-fator-selects–02082010.html


RSS Feed Subscribe to EtherNEWS Bookmark and Share

Tags: , ,
Posted in Applications, News | No Comments »

Interxion, euNetworks Partner for Low-Latency Trading

February 11th, 2010
RSS Feed Subscribe to EtherNEWS Bookmark and Share
Interxion, euNetworks Partner for Low-Latency Trading
Interxion, a European operator of carrier-neutral data centres, and euNetworks, a  provider of high-performance data services, announced a non-exclusive partnership to provide financial institutions with low-latency access to the euTrade Ethernet-based communications service.
Interxion’s “Financial Hub” data centers provide some of the lowest possible latencies of any independent colocation providers to Europe’s leading financial liquidity venues, and house a growing and interactive range of trading venues, broker-dealers, proprietary trading firms, hedge funds, and financial service providers.
Proximity hosting is supported by guaranteed N+1 power and cooling redundancy, high-density power configurations from 5 kW up to 30 kW, industry-leading service level agreements, ‘hands & eyes’ monitoring and 24×7 secure access, Interxion says.
The euNetworks euTrade service provides ultra-high-performance Ethernet-based connectivity between trading venues. Particularly suited for the demands of next-generation trading, it offers bandwidths of up to 40 Gbps to European trading venues.
euNetworks Group Limited is Europe’s foremost provider of mission critical, high performance networking solutions. The company’s €1 billion all-optical network delivers “a new level of freedom and performance,” the company says.
It offers exclusively high-performance networking and specializes in solutions for high performance businesses in the finance and media sectors, as well as carrier and service provider markets. euNetworks owns 15 metropolitan networks throughout Europe, connected with a fully-owned, high-capacity backbone.
Interxion is a leading European operator of carrier-neutral data centers. Headquartered in Schiphol-Rijk, The Netherlands, Interxion serves its customers from 26 carrier-neutral data centers located in 13 cities across 11 European countries.
Interxion serves network and carrier-based, hosting and enterprise customers who require professionally managed and strictly controlled physical environments within which to operate mission-critical applications and computer systems.

Interxion, a European operator of carrier-neutral data centres, and euNetworks, a  provider of high-performance data services, announced a non-exclusive partnership to provide financial institutions with low-latency access to the euTrade Ethernet-based communications service.

Interxion’s “Financial Hub” data centers provide some of the lowest possible latencies of any independent colocation providers to Europe’s leading financial liquidity venues, and house a growing and interactive range of trading venues, broker-dealers, proprietary trading firms, hedge funds, and financial service providers.

Proximity hosting is supported by guaranteed N+1 power and cooling redundancy, high-density power configurations from 5 kW up to 30 kW, industry-leading service level agreements, ‘hands & eyes’ monitoring and 24×7 secure access, Interxion says.

The euNetworks euTrade service provides ultra-high-performance Ethernet-based connectivity between trading venues. Particularly suited for the demands of next-generation trading, it offers bandwidths of up to 40 Gbps to European trading venues.

euNetworks Group Limited is Europe’s foremost provider of mission critical, high performance networking solutions. The company’s €1 billion all-optical network delivers “a new level of freedom and performance,” the company says.

It offers exclusively high-performance networking and specializes in solutions for high performance businesses in the finance and media sectors, as well as carrier and service provider markets. euNetworks owns 15 metropolitan networks throughout Europe, connected with a fully-owned, high-capacity backbone.

Interxion is a leading European operator of carrier-neutral data centers. Headquartered in Schiphol-Rijk, The Netherlands, Interxion serves its customers from 26 carrier-neutral data centers located in 13 cities across 11 European countries.

Interxion serves network and carrier-based, hosting and enterprise customers who require professionally managed and strictly controlled physical environments within which to operate mission-critical applications and computer systems.


RSS Feed Subscribe to EtherNEWS Bookmark and Share

Tags: ,
Posted in Applications, News | No Comments »

Wireless Financing MSO Wireless

February 8th, 2010
RSS Feed Subscribe to EtherNEWS Bookmark and Share

Cable Multi-Service Operators (MSOs) are in prime position in the bid to bring bandwidth to cell towers. With fiber passing through the most densely populated areas, building laterals to cell sites serving these regions is within ‘easy’ reach, at least as far as deploying fiber goes. With efficient Ethernet backhaul increasingly sited as a key pinch point and business case driver for profitable 3G & 4G (WiMAX / LTE) services, outsourcing backhaul to those able to build the infrastructure is an attractive option even for mobile incumbents with wireline businesses, like at&t and Verizon.

Still, MSOs need to justify the spend and the opportunity cost of delivering fiber to a cell site when opportunities abound in Ethernet business services to enterprises, and quadruple play needs have them planning their own wireless offerings: either with newly acquired spectrum (like Cox), or as a Mobile Virtual Network Operator (MVNO). Good news is that sometimes the stars align, and it looks like the cable operators are starting to realize they can have their cake and eat it too, while talking on their new, subsidized wireless network.

Subsidized? Was there a wireless plan for MSOs buried somewhere in the broadband bailout? No luck. However, becoming a leader in wireless backhaul, business services and adding wireless to the bundle turns out to be self financing – at least for the latter two services. This is because as fiber gets built out deeper into metro regions for backhaul, bringing Carrier Ethernet to businesses gets easier as well. Having an access platform in the neighborhood can also provide service to enterprises, same capital spend.

And the operational expense for MSOs introducing their own wireless drops at the same time: stick an antenna on the tower already serving up bandwidth to mobile operators, and they’ll subsidize cable’s wireless expansion efforts. MVNO the model? MSOs can make a deal with their mobile partner – cheaper backhaul for cheaper pricing models.

It’s a win-win-win situation: build backhaul revenue, position for profitable wireless services, and establish a footprint for high-bandwidth Ethernet to the enterprise at the same time. If it sounds too good to be true, ask an MSO (if they can spare a minute, they’re very busy these days)!


RSS Feed Subscribe to EtherNEWS Bookmark and Share

Tags: , , , , , , , , , ,
Posted in Opinion | No Comments »

« Previous  1 2 3 4 5 6 7 ... 25 26   Next »