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Fixed Income Trading: New venues

A simple question came up recently in a conversation – how many new Fixed Income trading venues are there?  I could not think of anywhere th...

Monday, 20 February 2017

Exchanges and their matching engines

Another list based blog post, this time on Exchanges and their matching engines.  This will be a work-in-progress and will be updated over time. 


Wednesday, 4 January 2017

FIX Orchestra: RC1 out now - next steps and looking ahead

As published recently here the release candidate 1 for FIX Orchestra has been released. A lot of work from a number of good people has gone into this (I take credit for the name, as a play on my original implementation of FIIDL - pronounced "fiddle").

Tuesday, 3 January 2017

FIX: Co-located onboarding?

FIX testing is very much regarded as an unglamorous part of the financial technology landscape.  But it's essential for most electronic trading relationships to work (yes, other protocols are available such as ITCH/OUCH, but I would suggest that in value terms traded per day FIX is king of the hill).

Thursday, 24 November 2016

SQL Server on Linux

Installed on CentOS in VirtualBox.  Will have a play around next week.  So far, so good...

Tuesday, 22 November 2016

FX Trading: New venues

We've already done this for Fixed Income, so by popular request, a list of FX Trading Venues.  This is a work-in-progress, please feel free to correct/amend by adding comments...




Sunday, 20 November 2016

Tuesday, 15 November 2016

OMS and EMS: Next moves?

Time for some crystal ball gazing, let's look at Factset. Bought Portware already but they need connectivity and an OMS.  So what should they do?

Tuesday, 18 October 2016

Orchestra - the full-stop at the end of FIX...

At a recent conference the subject of FIX Orchestra was front and centre. I described FIX Orchestra as "the full-stop at the end of FIX" .
 
What does that mean? Orchestra will remove on-boarding testing. It will empower firms to change their internal systems and then automatically allow Counterparties to trade using new features. Sell-side changes the parameters on an Algo or adds a new Algo. No problem, publish the new configuration via Orchestra and you're good to start trading as soon as your counterparty has loaded the Orchestra file.

FIX, FIX Engines and RHCP

What's this about? Surely a typo - should be DHCP and assorted networking geekery?

Monday, 22 August 2016

Fintech agile Sales, Marketing, Product Strategy and Devops model

Following on from an interesting conversation, this is an diagram depicting my view of the processes needed for a Fintech to thrive while bringing a product to market. 

Tuesday, 16 August 2016

Microservices and Daltrey, Townshend and McLaren

Prior to Microservices "being a thing" that spawned countless articles (ok, 1.87m for https://www.google.co.uk/#q=microservices) it was a pretty well understood design pattern.

Harking back to the late 90s a well known sell-side system (hint, think of where the McLaren cars are based) used to be (still is, but cloud deployed) based upon a microservice orientated model where each application module consisted of a number of services based upon a number of patterns: