Mankoff Company 2nd Annual Ultra Low Latency

I've been kindly invited to speak at another HFT conference in London. The 2nd Annual Ultra Low Latency: Trading Opportunities and Development in FX and other asset classes run by the Mankoff Company to be held at the Grange Holborn, London on the 23rd March 2011.

High Frequency Trading Conferences

I've been kindly asked to speak at two conferences this year: The first is HIFREQ 2011 on February the 24th. I'm on the panel with Prof Dave Cliff talking about next generation tech for HFT.

I'm also speaking at The High Frequency Trading World Conference in Amsterdam on the 7-9th June 2011.

Things I'll be talking about:

• The latest technology for market data acquisition and parsing, both in hardware and techniques using parallelised software.
• The role of FPGA, DSP and Memristors
• The future of XML
• Shared and reflective memory for market fusion
  
• CPU instructions for vectorisation and IO parallelism
• CPU analysis tools
• Kernel techniques for high performance
• Global layer 2 networks and VPLS
• Multicast routing in software
• Differential trading
• High precision global time
• The importance of platform analytics

Very grateful for both opportunities as I don't get out much :-)

LSE Electronic Trading

The Wall Street Journal Europe is reporting that the LSE has unveiled a new electronic trading system that will allow a trade to be booked and confirmed within 10ms, 130ms faster than previously.

The London Stock Exchange on Monday unveiled a new electronic-trading platform, TradElect, which promises to trade a share in 10 milliseconds -- 30 times faster than the blink of an eye and a speed that could help decide the fate of Europe's biggest exchange by market capitalisation of its listed companies.

The system cuts the time from placing an order to final confirmation to an average of 10 milliseconds from 140 milliseconds. It can handle 3,000 orders a second, up from 600 under the LSE's old system, known as SETS, a number the LSE said it has approached on several occasions in recent months.

By comparison, it takes 110 milliseconds for a trade to make its way through the main trading platform of NYSE Euronext's New York Stock Exchange. The Big Board intends to cut that to 10 milliseconds.

Another way of putting this is that someone can make 11 trades on the LSE while you are waiting for your NYSE transaction to complete.

How much XML can you process in 10ms?