MarketPrizm - Articles and news items
Blog / 14 May 2013 / Tanuja Randery, MarketPrizm
On 14th February 2013, 11 Eurozone countries – Belgium, Germany, Estonia, Greece, Spain, France, Italy, Austria, Portugal, Slovenia and Slovakia – agreed to enact a tax on financial transactions. Since then, however, the Financial Transaction Tax (FTT) or Tobin Tax as it’s known in the US, has become an increasingly contentious issue. (more…)
March 2013 / 18 March 2013 / Tanuja Randery, CEO, MarketPrizm
Tanuja Randery, CEO, MarketPrizm examines the latest regulatory updates in the world of high-frequency trading (HFT). She questions whether heavy regulation will really deliver the intended benefits, or whether a light-touch approach would be more effective.
News, Treasury news / 7 March 2013 /
MarketPrizm, a leading provider of market data and low latency trading infrastructure services, has continued to expand its regional footprint following the setup of fully-managed network and data services at the Australian Securities Exchange’s (ASX) Australian Liquidity Centre (ASX ALC) in 2012. (more…)
February 2013 / 7 February 2013 / Frances Faulds, Columnist, FX-MM
FX-MM’s Frances Faulds starts the year with a look ahead at the future shape of the corporate treasury and institutional trading arenas, examining technology trends and the impact of cloud, algorithmic trading and high frequency trading.
FX high frequency trading (HFT) is taking levels of electronic trading in the FX market to new heights and is poised to grow quite rapidly over the next few years as first-generation HFT firms are joined by an influx of next-generation HFT firms looking to capture new opportunities in FX.
In addition, new market entrants have emerged in recent months, formed by FX quants and traders who have left large banks looking to capture new opportunities on the other side of the market. High frequency trading accounted for approximately 25 percent of overall trade volume at the end of 2009; Aite Group estimated HFT activity in FX for 2012 at 41 percent. (more…)
News, Trading news / 10 January 2013 / MarketPrizm
MarketPrizm, a leading provider of ultra-low latency market data and managed infrastructure services, today announced it is providing high-performance market data to SBI Japannext, via its feed handler technology – MarketPrizm API. (more…)
November 2012 / 5 November 2012 / Simon Watkins, Columnist, FX-MM
It is estimated that the High-Frequency Trading (HFT) style now accounts for up to 30 percent of turnover in the global spot FX market, and this figure is expected to rise further in the coming years, and to spread out to the less mainstream currencies. However, says FX-MM’s Simon Watkins, for many participants in the global FX markets, including many top banks, this prospect is not a cause for celebration, but rather provokes a swathe of criticism that the trading style is damaging to the market in terms of volatility, volumes, and pricing. Key questions remain: is HFT a positive or a negative development in FX trading, and where will it head from here?
HFT is algo trading executed at lightning speed
It is important up front to distinguish between HFT and algorithmic trading, one being about execution and latency, and the other being about the underlying metrics, says David Clark, chairman of the Wholesale Markets Brokers’ Association, in London. HFT is conducted over electronic platforms certainly, but so are many other trades, the difference is that HFT occurs at amazingly high-speeds over many platforms simultaneously. (more…)
News, Technology news / 1 August 2012 / MarketPrizm
MarketPrizm, a leading provider of market data and trading infrastructure services, today announced it will provide Nomura with ultra low latency networking connectivity for its exchange and market data connectivity in Europe. (more…)
News / 17 July 2012 /
MarketPrizm, a leading provider of market data and trading infrastructure services, today announced that Cindy Yeo has joined the company as Director, Exchange Management & Data Products, Asia.
July / August 2012 / 13 July 2012 / Frances Maguire, Columnist, FX-MM
Mandatory clearing for FX products will greatly impact prime brokerage. Frances Maguire asks if it will prompt a rethink on the buy versus build debate.
The requirement to clear non-deliverable forwards (NDFs) and most likely FX OTC options will affect the whole industry, as it looks to build the new infrastructure to support clearing. With FX prime brokerage becoming increasingly mature, and with a well-established clearing infrastructure in place for other asset classes, such as derivatives and equities, it remains to be seen if FX prime brokers will look to utilise technology already available.
Jim Dennelly, Senior Vice President, Sierra, at SunGard’s banking business believes that as responding to the demands of the regulators to build a new infrastructure for FX is an industry-wide problem, the extent of the work needed is prompting FX prime brokers to consider buying as well as building. He says: “Banks are looking at what they need to do to meet these requirements to streamline the process. Much of this will be quite standardised, and looking at where vendors can solve these problems.” (more…)
News / 25 June 2012 /
MarketPrizm, a leading provider of market data and trading infrastructure services, today announced the launch of PrizmFx. This service enables users of electronic FX trading to connect with multiple liquidity providers and trading platforms globally. It simplifies the FX trading experience and improves performance and efficiency of participants in this asset class. With PrizmFx, MarketPrizm now offers cross-asset coverage for equities, derivatives, commodities and FX markets.
News, Technology news, Trading news / 10 May 2012 / MarketPrizm
MarketPrizm, a leading provider of market data and trading infrastructure services, today announced the first Asian segments of its global ultra low latency data distribution infrastructure are now live. (more…)
May 2012 / 8 May 2012 / Frances Maguire, Columnist, FX-MM
The fragmentation of the foreign exchange markets means that connectivity solutions are critical to the success of trading operations. Frances Maguire surveys the solutions and looks at how firms are using co-location and private networks to lower latency and cost in their FX trading systems.
There are several factors influencing the connectivity decisions FX participants are making today. For a start, connectivity is becoming more commoditised and the rising number of data centres and hosted cloud solutions is prompting firms to relook at infrastructures and rationalise connectivity solutions across all trading operations through a single pipe.
Furthermore, mandatory clearing for OTC products is paving the way to greater use of co-location, not just by the banks and trading firms, but by the newly emerging central counterparties (CCPs) as well, with CCPs being physically closer to the execution venues in order to ensure that they do not introduce any latency into the pre-trade risk management and execution process. It is also pushing the FX market along the same path as the equities and derivatives market in terms of its use of co-location and connectivity solutions. (more…)
News, Trading news / 29 March 2012 / MarketPrizm
MarketPrizm, a leading provider of market data and trading infrastructure services today announced it has been selected by Hong Kong Exchanges and Clearing Limited into the Exchange Founding Members Programme, reinforcing the company’s presence in Asia Pacific for ultra low latency infrastructure and market data services. (more…)
News, Trading news / 19 March 2012 / Exegy
Exegy Incorporated, the market data appliance company, MarketPrizm, a leading provider of ultra low latency market data and trading infrastructure services and the Financial Information Forum have announced today the launch of the first European website to track real-time market data rates every second of every trading day. (more…)
News, Technology news / 13 February 2012 / MarketPrizm
MarketPrizm, a leading provider of market data and trading infrastructure services today announced it has started the deployment of the first Asian segments of its global ultra low latency data distribution infrastructure. In Q1, 2012 customers will be able to use MarketPrizm’s ultra low latency network, PrizmNet Asia, to connect to exchanges in Japan, Singapore and Australia and receive normalized market data via MarketPrizm’s MPAPI in any one of these locations. (more…)