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Iosif Itkin

Fearless Testing and Post-Trade Systems Disruption

Our work focuses on functional and nonfunctional testing, most of the business being in the market infrastructure space, exchanges and clearing. Three principles can help you to test even the most sop...

10 May 2018
Operational Risk Management
Iosif Itkin

Large Scale Infrastructure Intervention and Fake Testing

In a nutshell, the job that we do comes down to infiltrating large financial market infrastructures with specially designed tools to influence the outcome of the software development life cycle. We ha...

05 May 2018
Operational Risk Management
Iosif Itkin

The Next Generation of Testing Tools for Exchanges

The modern society expects quality and reliability from the modern exchange platforms. Thorough verification of exchange technology is not possible without adequate software testing tools. Understandi...

17 Oct 2015
MiFID
Iosif Itkin

Innovation in Quality Assurance - What is the Impact on Trading Technology?

This post outlines some ideas on how particular changes in quality assurance might affect the trading technology. There are lots of discussions on Internet-of-Things, Cloud and Web. However, there are...

10 Oct 2015
MiFID
Iosif Itkin

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 ...

25 Nov 2009
MiFID
Iosif Itkin

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 ...

01 Nov 2009
MiFID
Iosif Itkin

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 de...

22 Oct 2009
Banking Architecture
Iosif Itkin

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 achievement...

13 Oct 2009
MiFID
Iosif Itkin

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,...

03 Mar 2009
MiFID
Iosif Itkin

New MTF web site and trading support in Eastern Europe

It is actually exciting to find out that a new MTF will soon join the market. I would be interested to learn more about the new venue. Unfortunately, no detailed information is currently available, a...

10 Feb 2009
MiFID
Iosif Itkin

Hedge fund spending - SOR vs. RMS

To be honest, I remain skeptical about the necessity to invest heavily into Risk Management technology. It seems to me that the issue is not in software or hardware but in general assumptions and prac...

06 Jan 2009
MiFID
Iosif Itkin

Random thoughts about a recent computer glitch that hit TSX

Most financial systems are designed to handle outages in one or another way. However, even if redundancy is incorporated into the system’s architecture it is not uncommon to see that insufficient atte...

22 Dec 2008
Banking Architecture

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