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Photo of Pantera Capital CEO Dan Morehead

Dan Morehead,
Pantera Capital

I might have been hasty in my last post regarding being bearish on institutional investments in bitcoins. After interviewing Pantera Capital CEO Dan Morehead for Trader Magazine’s current cover story, I refined my views a bit.

Buy-and-hold asset managers will still find investing in the digital currency directly difficult. The bitcoin market remains relatively small, highly fragmented, and illiquid from an institutional investor’s perspective.

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Headshot of Lucerna CEO Jacob Loveless

Jacob Loveless, Lucera

Two phrases that never seem to go together are “high performance” and “hosted cloud computing,” but two-year old startup Lucera looks to change the industry’s mind with its aptly named Compute offering.

Most marquee cloud providers typically focus on driving down computing costs through server consolidation, explained Jacob Loveless, CEO of Lucera. “It’s very cheap in every meaning of the word.”

The cloud-computing and connectivity service provider, which Cantor Fitzgerald spun out in 2013, has invested heavily in the necessary real estate and high-performance servers systems that public-cloud operators typically shun.
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Headshot or Wall Street Bitcoin Alliance's Ron Quaranta

Ron Quaranta,
Wall Street Bitcoin Alliance

Kicking of the second season of The Daly Post Podcast, I sit down with Wall Street Bitcoin Alliance executive director Ron Quaranta and discuss what institutional investors, broker-dealers, exchanges and vendors need to do to take part in the ever-growing Bitcoin market.

Although these cryptocurrencies have strong libertarian, over-the-counter, and retail roots, Quaranta sees the markets maturing quickly and growing dramatically enough in the next few years to support institutional-sized investments.

However, there is much to do in terms of developing the proper trading infrastructure and market regulations as well as hashing out the necessary tax and accounting rules for the new asset class, he adds

Check out the entire conversation here or on iTunes.


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William Goodbody headshot

Bill Goodbody,
BATS Global Markets

Since completing its acquisition of Hotspot institutional foreign-exchange (FX) market earlier this month, BATS Global Markets officials have not let the grass grow under their feet.

The global exchange operator plans to deploy an instance of its Hotspot matching engine in its Slough facilities later this year.

“We plan to move swiftly with this project to meet the demand from European customers,” said Bill Goodbody, senior vice president, foreign exchange at BATS.

The new matching engine will target the currencies that dominate trading during European and Asian market hours while the original matching engine, which is based in northern New Jersey, will continue to support the North American FX market.

BATS has no immediate plans to deploy a third instance of the Hotspot matching engine specifically for the Asian markets.

“We’re focussing on getting Europe really motoring, and then we’ll look to other regions,” said a BATS spokesperson.

BATS first announced its planned $365 million acquisition of Hotspot from KCG Holdings on January 28 and completed the deal on March 13.

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Author Khaled Aly argues that hardware-based decimal-floating-point arithmetic (DFPA) offerings deliver better FPGA performance for low-latency trading than native binary floating-point arithmetic or software-based DFPA.

Via EE Times.

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