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Fixed Income Trading: New venues ( How many Fixed Income trading venues are there? )

How many Fixed Income trading venues are there?  [152]  A simple question came up recently in a conversation – how many new Fixed Income t...

Sunday, 17 December 2017

Fintech Innovation, Improvisation and Kelly's Heroes

Fintech Innovation within large companies can be challenging. Why? 

The mindset of heavily regulated financial firms is generally that the default answer to any question is a resounding no.  This brought to mind the film Kelly's Heroes...

Sunday, 3 December 2017

Web Assembly & Streaming Data for Financial Markets (HTML5, OMS, EMS, Market Data): proof-of-concept

Following on from Web Assembly & Streaming Data for Financial Markets (HTML5, OMS, EMS, Market Data) decided to build a proof-of-concept for a simple C++ application.  And of course, first off, we start with "hello world!".

The plan will be to serve up the hello world wasm within a node.js/express.io framework.  Once validated, will update the C++ application that is converted to wasm and back-end this with a very simple streaming C++ data server...

Tuesday, 28 November 2017

MacOS High Sierra 10.13.1, Bootcamp, APFS and Windows 10 Build 1709 problem

So, if you have a MacBook Pro and run Bootcamp with Windows you are used to switching between OSX (macOS) and Windows.  Either by using the Windows system tray silver diamond and selecting the "restart in macOS" option or by switching off the PC and then restarting to see the Startup Manager.  But, after upgrading the mac to macOS High Sierra and then upgrading to Windows 10 build 1709 this "restart in macOS" no longer works. First thing to try is to downgrade back to the previous Windows version.  But that doesn't work.

Saturday, 4 November 2017

Fixed Income Electronic Trading, MiFID2 and Jarvis Cocker

"Is this the way they say the future's meant to feel?
Or just 20,000 people standing in a field?
And I just don't understand quite what this feeling is..."
--Jarvis Cocker (Pulp, Sorted for E's and Wizz)

Fixed Income Leaders Summit Amsterdam 2017

This year is shaping up to be superb.  I am really looking forward to the Dragon's Den session - I am delighted to see a "graduate" from a previous year join us as a Dragon and I'm very proud to say that the three firms pitching are all firms I have found through my consulting work.

Sunday, 22 October 2017

KYB – know your broker vs the order routing enigma

To judge the efficacy of smart order routers buy-side traders are urged to stay on top of brokers
"How many of you, based on data flow, expect positive commission flow – or are brokers making money off your flow?” John Greenan, global multi-asset connectivity manager, BNP Paribas Fortis Investments, asked, summing up a session on how to judge the effectiveness of smart order routers.

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, 18 August 2017

OMS - functional deficiencies as a driver for change?

The OMS has been covered here many times before (start with Fintech: What is an OMS? and follow the links). Today we're covering something lower level, that is typically lost in the noise around functionality. Specifically, position keeping and management.

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"

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...

Tuesday, 4 April 2017

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).