Rob Daly is a financial tech journalist who produces the rather excellent Daly Post Podcast. In this most recent edition he asks:

Is the industry about to hit the “Wall of Physics” in low-latency performance? How fast is fast enough for those not practicing latency arbitrage? What are the basic latency questions all clients should ask of their vendors? These are but of a few questions the Daly Post Podcast discusses with Hyannis Port Research CEO and low-latency veteran...

Loose lips and all that. Michael Wolff has a curious piece over at the Guardian. This is after Forbes interesting analysis of the Thomson Reuters - Bloomberg axis, discussing the impact of slowing data-sales which featured the timeless quote: “Our direct competitors are two guys in a basement somewhere are already developing tools to be the next generation newsroom. If we’re not busy doing the same thing, we’re dead."

Extract
...There are four companies that dominate...

Via Finextra comes this interesting reference to a new set of standards released by the Federation of European Securities Exchanges (FESE) and a consortium including: Thomson Reuters, Bloomberg, Fidessa, Nyse Technologies and SIX Telekurs.
You can find a copy of the MMT mapping guide here.

Industry participants have developed common standards that will restore post-trade transparency in the European equity markets. The key benefits of the MMT are:

To enable investors to accurately...

Since ADVENT announced the upcoming departure of CEO, Stephanie DiMarco, from the company she founded 30 years ago, I thought it would worth pulling out this interview which she gave in May of last year. In it she describes the founding and subsequent growth of the company she started aged 23.

You might also be interested in this Wall Street & Tech interview with her which was published today.

Why did you decide to step down?
DiMarco: Advent was coming up on our 30-year...

All About Alpha has an interesting post discussing a brand new paper by Godfrey Cadogan titled: Trading Rules Over Fundamentals: A Stock Price Formula for High Frequency Trading, Bubbles and Crashes.
Cadogan writes:

In this paper we present a simple closed form stock price formula, which captures empirical regularities of high frequency trading (HFT), based on two factors: (1) exposure to hedge factor; and (2) hedge factor volatility. Thus, the parsimonious formula is not based on...