About eight months ago, Australian low-latency networking equipment provider Zeptonics, made a hit at SIFMA Tech Leadership Forum and Expo with the announcement of its new 50-port low-latency Layer-1 ZeptoLink networking device. Everything seemed rosy for the trading appliance start-up until the Australian Federal Court ruled on a tort brought against Zeptonics by fellow-Australian low-latency trading and networking equipment provider Zomojo.…
Tag: flameout
Current Events, Fi-Tech Culture, Regulations
Market Structure Documentary Comes to the Silver Screen
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•Tired of explaining to friends and family that many of Wall Street’s latest fiascos aren’t due to conspiracies but to technology? Wait a few more months and take them to see the market structure documentary that Arbitrage Pictures plans to release next Spring. The movie, Ghost Exchange, examines what happens what happens when trading speeds and complexity outpace regulatory…
Current Events, Regulations
CFTC’s Gensler Testifies on Increased Transparency
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•The fallout from Peregrine Financial Group continues as US Commodity Futures Trading Commission (CFTC) chairman Gary Gensler testifies before the US Senate Committee on Agriculture this morning, where he identified the regulator’s plan to improve the protection futures commission merchant (FCM) client funds. According to his published statement, available on the regulator’s website, the CFTC approved…
Architecture, Current Events
East Coast EC2 Suffers Another Power Outage
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•The violent storms that rocked the mid-Atlantic states last night and early this morning with the second punch in a rapid one-two-punch that affected East Coast users of Amazon’s Elastic Compute Cloud (EC2) and related offerings on the eve of the unofficial July 4th weekend. The Amazon facility that houses its Availability Zone for the…
Current Events, Trading
Pipeline Successor Sheds Major Assets
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•In a private agreement announced today, officials from Atrias Group, formerly known as Pipeline Financial Group, say that execution management system (EMS) provider Portware has agreed to purchase its Alpha Pro trading algorithmic engine in deal slated to close sometime this quarter. “Aritas’ technology assets are highly complementary and add advanced artificial intelligence and commission optimization tools to…