The Q3 issue of Automated Trader is out now, and there's plenty of food for thought.....but first, here's a roundup of this week's news....
Bank of America Merrill Lynch announced the addition of four new electronic options algos to their trading platform, whilst Charles River released news that their Investment Management System is fully integrated with UBS Perimeter algo allowing clients to trade US markets outside of regular hours.
Equinix continued their string of expansion announcements from last week with news that they will open a second data centre in Singapore,
Essex Radez announced the expansion of its feed offering at Equinix NY-4, AboveNet released plans to expand their dedicated London fibre network, and Savvis announced that they will host Credit Suisse's Crossfinder trading platform.
CBSX released news that they will use SunGard Assent Liquidity Services for execution and clearing, Baikal continue their use of LSE group firm UnaVista for matching, reconcilliation and data integration, and Standard Chartered have been selected by the Singapore Mercantile Exchange as clearing and settlement bank.
In other news, Senator Charles Schumer fired a warning shot across the bows of the high frequency trading community and threatened legislation with a caution to the SEC to curb traders' flash orders.
On the menu in the Q3 issue of Automated Trader.....
You want alpha with that? And do you want your order well done or scrambled? We serve up the latest in adaptive routing technology in this issue's cover story. And don't miss John Howard's interview with the team behind the Danix Master Fund who've created a healthy low volatility meal consisting of a discretionary main course with a systematic side order.
You wait all year for a round table, and then two come along at once. We've been at the heart of the industry debate on a whole variety of issues this month. First, there's our roundtable debate on latency, in which key industry figures debate not only strategies for managing (and solutions for reducing) the L-challenge, but also the prospect of a latency standard. You wouldn't think you could standardise speed, would you?
If your answer to that question is "No", maybe you should take a look to see what our panel of a dozen industry experts are thinking. Our latency debate is big - more than we could fit into a single issue of the magazine - so we've continued it online, and given you the chance to have your say. Go to our online debate to find out the panelists views and to add your own - the debate is gathering momentum even as you read this, and if you're not part of it – well, you're not part of it.
Then there's the big discussion about European equities trading, MiFID and the role of the MTFs. The table wasn't quite round, but the debate – concentration, cost, complexity, competition – was full and frank. That's what you get when you put two exchanges, four MTFs and one exchange/MTF into a small room and invite them to agree on how best to execute in Europe. Wondering how it's all going to play out? So were we as we buffed up the crystal ball and took a look at where forecasting might lead us on page 51. Has the gap between forecasts and reality widened in recent years? And if so, should we adjust our use of forecasts?
David Clayden and our US photographer, Marisa Calin, are on the loose at SIFMA in New York, while Peter Green, CEO of The Kyte Group, discusses an evolution for his firm that might just turn into an evolution for the industry. Are you a big-bank client with a little-bank client profile? Maybe it's time to change.
Enjoy the issue, and see you online.
Jenny Eastham
Managing Editor
Tel: +44-207-183-2208
www.automatedtrader.net
