The new trade reporting rules will require FINRA members to report executions or cancellations of trades in National Market System and over-the-counter stocks in no more than 10 seconds.

NY Times has an article around the usage of Boomberg terminal data to provide the Bloomberg New division with a competitive edge over the competition.  In all honesty, its not really surprising, especially given the BBG terminal is in every bank, central banks, rival news organizations, Congress and even the Vatican, coupled with the fact that BBG Chat is historically one of the main communication channels for the last n years. On less frequent occasions, reporters also monitored chats between...

“Return of the Borg: How Twitter Rebuilt Google’s Secret Weapon” on Wired provides an overview of how Google is moving from Borg to Omega, and Twitter on the Mesos road.  Mesos provides isolation of tasks via the Linux container which has gained traction for obvious reasons. Watching the 2011 GAFS Omega John Wilkes video and reading the articles linked above, one can’t help thinking that DataSynapse and Platform did well to sell to TIBCO and IBM over the last few years, as in...

Worth a read. Dev/Prod Parity is one topic that I see firms always trying to break, with little understanding of the impact of their decisions

I read the story of the black team in some book a long time ago.  My view is that engineers should fear the testing team, and thus provide further emphasis on the important to BDD/TDD and such in the development cycle.  All too often the QA/Testing team in an organisation is disconnected from the engineering team, with the net effect that engineering becomes sloppy about what they throw over the “wall”.

Interesting read over on Traders Magazine around how Morgan Stanley has upgraded its equities infrastructure – Morgan Stanley Cuts Microseconds from Trading Systems.  I’m curious what specifically is meant by “real-time learning algorithms” within their new smart router. Also, who were the “enterprise infrastructure specialists”?  I also guessing Solarflare, co-lo, possibly exegy market data, and RoCE at a min

Continuing on from the previous posting.  If one decided to annotate the PlantUML flows with max latency data one could then possibly consider leveraging Application Tap for Solarflare from a cucumber test  perspective to capture the hop latency, and validate the flows via the data capture database.  Anyone tried such a thing?

Every now and again I come across a team that is at sea with agile.  These teams have decided to throw out the concept of business requirements and anything else that is deemed old world, and moved to an agile backlog that fails to capture the business requirements in any shape or form   The backlog is effectively orthogonality to any sensible good practice Scrum backlog.  Business Analysis Times captures this quite nicely with the following quote: Story is the smallest valuable business...

Writing distributed applications is complex.  Testing distributed application is as complex.  Throw in a distributed applications that spans a LAN/WAN with latency implications, and the software engineering/testing complexities become quite painful to model. Cucumber in my view is nice from the perspective that is allows the tests to be written in pain text, and in a business DSL.  Sometime ago whilst writing a distributed application, and trying to code the cucumber tests, I realised that I...

Fidessa provides a European view of dark pools.  Take aways: Reduction in the number of dark venus Jump in trading in Q1 2013 “Dark trading typical occurs when high demand for liquidity yet stocks are seen as hard to trade” UBS MTF is the leader Liquidnet has good performance quarter-on-quarter