On September 18, 2008, the US equity markets established a new single day record, both in terms of trade and share volume, with over 60 million trades and over 600 million Level 1 quotes disseminated. Did your firm's infrastructure keep up or crash?
Most Vhayu customers had no issues recording the US equity market on 9/18 - the few that did have problems were not Vhayu-related but because of telecom and/or market data fat pipe provider issues. Vhayu installations, even one that was running on a dual processor machine with only 2Gb of memory, had no problems recording upwards of 700 million pricing events from 9:30 - 16:00 on 9/18.
Vhayu's core competency is providing firms with an industrial strength market data platform that records market data with zero tick loss in a fault tolerant, highly reliable, highly scalable manner.
With the demise of the investment banking model, and thus the prominence of the leveraged proprietary trading desk on the decline, the emphasis for market data platforms in the near-term will shift from the race to zero in terms of latency to the circle the wagon's bunker mentality of regulation, oversight and providing price transparency and accountability to all phases of trading operations.
Is your market data platform handling the explosive volumes we are seeing during the credit crunch? In less than a year, we will see well over 1 billion market data prices in a single trading day for US equities - Vhayu will handle it - what about your market data platform?
Hello,
My name is Michelle Baltazar, editor of an Australian publication called Financial Standard. www.financialstandard.com.au We mainly look at the pension and funds management industry but last year launched a journal specifically on fin services technology.
I'm currently sourcing whitepapers for the next edition http://www.financialstandard.com.au/journals/financial_services_technology/ and thought the blog entry you posted above would make for a good basis for an article.
Do you have Australian-based clients? Even if you don't, I think the theory still applies esp with all eyes on the US markets at the moment.
Would be grateful if you can get back to me to let me know whether you'd be interested in contributing a paper.
Many thanks,
Michelle
Michelle.baltazar@financialstandard.com.au
Posted by: Michelle Baltazar | December 15, 2008 at 10:33 PM