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There seem to be a lot of companies jumping on the HFT bandwagon at the moment and spending a lot of money in the process. I have spoken to at least two over the past month or two that have forked out well over a million on infrastructure and development and had yet to get anything really...

Well I suppose it was only a matter of time. Happy to leave all this to someone else.

I can see the slightly geeky pleasure in achieving this but given exchanges don't have 10gbps trading interfaces I can't see that this is that useful.

On the topic of Erlang/OTP and messaging it is also worth mentioning retlang which provides a very fast messaging and concurrent execution framework for .net http://code.google.com/p/retlang/ Using retlang on a quad CPU server will give a pretty decent second best to using FPGA.

The worst things always happen at the worst time.

I have been modelling this as infection data has been released and the announced figures are consistent with the figures from my model. Daily growth rate of infections is currently 11.2% in the UK. At this rate of growth the entire UK population will be infected by the end of September. However...

One of the current FPGA based vendors http://www.celoxica.com/solutions/middleware.html

The hardcore part of the microsecond maniacs have implemented their algos in FPGA. Very useful for allowing highly parallel processing so every quoted instrument can have it's own hardware to implement the quoting /trading algo. Messaging/middleware as far as it exists is just a bus on the same...

Personnally, I find the non-tech people invaluable for dealing with suppliers, regulators, exchanges, filling out paper work and all the other mundane operational stuff that I have no real interest in doing.

"The French are uncertain of what to make of this tribute, since self-denigration is (oddly enough) a national characteristic" I think William Pfaff has not met many French people.

Taleb appears to have become ill with Cramer's syndrome showing the tell tale symptoms of needing to rant incoherently in front of an audience.

Most places don't seem to have got beyond fix4.2 at the moment, however, that is not really the issue. QuickFix does not seem to be under active development any more so is not being extended and does not support 64-bit. It's a perfectly good FIX engine and I have used it a lot but I am not sure...

QuickFix works well but it has a C++ core that is compiled in 32-bits. Hence, will not work in 64-bit C# app. Also does not seem to be under development and has no support for fix5.0 or FAST There is also FIX4NET which is entirely written in C# http://sourceforge.net/projects/fix4net

Thanks for posting.

The CME messageing policy isn't that new. What is new is that IB has started automatically notifying all customers of any daily breach on a per customer basis. It's IB that gets fined $2000 but only if the aggregate message/vol ratio for all it's customers exceeds the limit on a particular...

So much for absolute returns. Mostly just Glorified mutual funds with high fees. A cull is well overdue.

What makes me chuckle most about these sorts of numbers is that there is never any detail. Notice tens of microseconds instead of any hard figures and no definition of what they actually mean by latency. I don't know about Lime but I have contacted many companies in the past to try to get more...

Tens of microseconds.:D I love these marketing announcements they just keep getting more and more absurd. Next year all these vendors will be quoting latency in nanoseconds.

Thanks, something to think on. If anyone else is willing to post any papers on this topic that would also be very welcome.

that's assuming the people buying didn't already have the information before every one else.