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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, 11 September 2017

Big data methodology for the buy-side

Within an institutional asset management context there is a huge amount of data available to organisations.  We see repeated instances where firms do not have the capability to actually use that data in a meaningful way.

Saturday, 9 September 2017

VirtualBox: After upgrading guest Windows OS, reinstall GuestAdditions

Title says it all really.  If you are running a guest instance of Windows 10 with GuestAdditions installed in the guest and then upgrade the guest Windows OS, you must re-install GuestAdditions.

Friday, 28 July 2017

Friday, 16 June 2017

Disaster Recovery, von Moltke and Schrödinger

Further to our earlier post FIX, Electronic Trading and Disaster Recovery it's worthwhile to emphasis some points.

Helmuth Von Moltke was a Prussian general and military theorist who followed in the footsteps of Carl von Clausewitz (as an aside, if you can invest the time, reading "On War" is a powerful experience).

One of his famous aphorisms was:

"No plan survives contact with the enemy"

Erwin Schrödinger created the thought experiment that took his name - Schrödinger's Cat

Until you look in the box the cat is neither alive nor dead but in a quantum superposition of both alive and dead.

So - combine these two concepts with FIX, Electronic Trading and Disaster Recovery and what do you get?  Some rather tortured mixed metaphors for which the author apologises, but here we go...

No Disaster Recovery plan is actually real unless it faces the enemy and is seen to function.  An untested Disaster Recovery plan is very likely to turn out to be a dead cat in a box.

When looking at a DR plan - ask this question:

"When was the plan last executed?"

If the answer is one or more of

  • more than a year ago
  • before a big application upgrade
  • before a hardware refresh
  • before an office move
  • before a change of personnel running the execution of the DR plan
  • before any merger or acquisition
  • before any divestment or closure of a business line
Then it's time to run it again and look at what's in the box...




Friday, 9 June 2017

FIX, Electronic Trading and Disaster Recovery

An often overlooked part of Electronic Trading implementations is the world of high availability/disaster recovery/business continuity.

Why?  Simply put, because it's hard and expensive.  Let's look at this more closely...

Saturday, 27 May 2017

Visual Studio for Mac

Microsoft Visual Studio for Mac. Had a minor issue with installing, after manually installing the Mono framework and restarting the installer this worked ok.

Wednesday, 24 May 2017

Fintech: What is an OMS?

This is post that has been requested several times, but we have never been able to write about this topic without producing a "War and Peace" tendency article.  And so today, here's the long version of the answer to that question...


Saturday, 6 May 2017

Blackberry KEYone: Where are the USB drivers?

Regular readers will know that we retain a fondness for all things Blackberry. With the release of the KEYone - we thought it worthwhile to give a brief review.

Monday, 1 May 2017

Apple: How not to do eCommerce - sell me the cable I want!!!

You are a consultant travelling all round the world and you spend a lot of time in Europe.  So a set of adapters for electrical sockets are really useful...

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).