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Iosif Itkin - Exactpro Systems - Moscow | 25/11/2009 | 3244 views

TTLiquidity: what could be a single big improvement in SOR?

The TradTech Liquidity event was very good this year. It provides a good outlook on the state of the industry as well as perfect networking opportunities. Personally, I enjoyed the panel on How Smart Are Smart Order Routers? the most. The final question in this panel was if there is any revolutionary improvement that can happen in Smart Order Rout... Tags: Dealing rooms, Trade executionGroup: MiFID

Iosif Itkin - Exactpro Systems - Moscow | 01/11/2009 | 2712 views

Consolidated tape and cost of surveillance systems

There is a set of vendor solutions available already to provide EBBO. Technology development and competition will enable buy-side to obtain a reasonable benchmark for the best-execution. On the other hand, regulators should carefully assess demands for changing market data prices, as revenues from market data services are accompanied by the costs o... Tags: Trade execution, Trade executionGroup: MiFID

Iosif Itkin - Exactpro Systems - Moscow | 22/10/2009 | 2994 views | 1 comment

Cinnober on latency

Cinnober just announced the publication of an in-depth whitepaper on latency on their web site: http://www.cinnober.com/files/A_Cinnober_whitepaper_on_latency_1.pdf The paper contains a much more detailed explanation for the items discussed in my previous post. Taking into account that the figure (286 mks for door-to-door and 138 mks for business ... Tags: Dealing rooms, Trade executionGroup: Banking Architecture

Iosif Itkin - Exactpro Systems - Moscow | 13/10/2009 | 3925 views

Sub-Millisecond Latency: One Figure, Many Dimensions

So, there are two matching engines claiming 100mks latency: Gatelab and MillenniumIT. This post is neither about arguing whether industry and especially buy-side really needs such enormous achievements (being an IT person I support further advances in the trading technology) or about any particular platform. It is just a reflection on the figure it... Tags: Dealing rooms, Trade executionGroup: MiFID

Iosif Itkin - Exactpro Systems - Moscow | 03/03/2009 | 6321 views

Dark pools rulebook transparency

Would it be fair to say that the regulators should care about all types of legitimate participants even for market operators? The climate for institutional investors is not extremely warm after MiFID, and we have to look forward for dark liquidity offerings that will re-establish the balance. The ambiguity of FSA’s position does not help the ... Tags: Trade execution, Post-trade & opsGroup: MiFID