Evan Sandhaus reports for the New York Times that rNews has finally arrived. He explains, “On January 23rd, 2012, The Times made a subtle change to articles published on nytimes.com. We rolled out phase one of our implementation of rNews – a new standard for embedding machine-readable publishing metadata into HTML documents. Many of our users will never see the change but the change will likely impact how they experience the news. Far beneath the surface of nytimes.com lurk the databases — databases of articles, metadata and images, databases that took tremendous effort to develop, databases that the world only glimpses through the dark lens of HTML.” continued…read more...
Monster has signed a $20 million deal with the Department for Work and Pensions (DWP) in the United Kingdom. Under the deal, Monster will provided “managed online vacancy listing, filling and automated job matching service”, Monster.co.uk announced on its site today.” Monster CEO Sal Iannuzzi commented, “In Europe we are optimistic about building a meaningful business with European governments. Last year, we started an effort to expand out successful U.S. government business on a global basis. Just this week we completed a major new contract with the DWP valued in excess of $20 million. This is an important, initial accomplishment in developing a global government business.” continued…read more...
Several people pinged me yesterday to highlight the fact that Bitcoin has now become a target of the major payments processors.read more...
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Things we're reading today include ...read more...
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Hedge funds started 2012 on a strong note, as the composite Eurekahedge Hedge Fund Index rose 2.1%1 on the month. Rallying equity markets, on the back of a sharp increase in risk appetite, coupled with marked reversals across some other asset classes – such as commodities and currencies – were among the factors responsible for the month’s gains. Additionally, better than expected economic data coupled with easy monetary conditions (in the form of bond purchases) further improved investor sentiment during January. Total hedge fund assets under management climbed back above the US$1.72 trillion mark, through US$11.35 billion of performance based growth and US$3.66 billion of net asset inflows.
GATElab, the independent multi-asset electronic trading systems provider and Solarflare, the leader in application-intelligent 10 Gigabit Ethernet (10GbE) networking software and hardware, are pleased to announce a business solutions partnership in the Ultra-Low Latency - High Frequency Trading (HFT) field.read more...
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Alpha Platform On-Demand™ to Deliver Robust, Infrastructure-as-a-Service (IaaS) Across Key Financial Hubs
HERNDON, VA -- February 21, 2012 -- CFN Services (www.cfnservices.com), a leading provider of managed automated trading enablement services, announced today that it is launching its Alpha Platform On-Demand™ cloud, the first, globally-distributed, high-performance public cloud for the global financial markets. Through a strategic partnership with Tier 3, the enterprise cloud platform company, CFN is extending its existing Alpha Platform™, the company’s private cloud for ultra-low-latency market data delivery and trade execution, to enable financial services companies to self-provision an enterprise-grade, virtual private cloud for business-critical applications and services.
The Alpha Platform On-Demand is the first public cloud tailored to global financial markets that is available beyond a single trading venue. CFN’s on-demand public cloud services will initially be available in North America across key liquidity venues in the equities, options, futures, derivatives and FX markets. In Q2, the Alpha Platform On-Demand will expand initially into European trading venues with anchors in London and Frankfurt and extend further into the APAC region later in 2012.
To create the Alpha Platform On-Demand cloud, CFN will utilize Tier 3’s enterprise cloud platform for secure, enterprise-compliant virtual private Infrastructure-as-a-Service (IaaS) solutions. This will provide financial markets participants the necessary computing power to run front and back-office solutions ranging from OMS/EMS and risk management to market data management, back-testing, clearing and settlement. Available across exchanges, CFN’s cloud services provide clients the ability to maximize their computing resources on-demand, while maintaining high performance, direct market access. The offering will also allow clients to customize solutions to their unique needs, integrating proprietary and best-of-breed trading applications from leading trading applications providers via CFN’s Alpha Alliance™.
“Previous generations of public cloud services have been too slow to support high performance electronic trading,” said Mark Casey, President and CEO, CFN Services. “Tier 3’s innovative cloud services platform improves the performance drag related to virtualization from more than 25 percent to less than 5 percent. Combining this performance with our ultra-low-latency networks, optimized infrastructure, distributed hosting environment and reach to more than 70 trading venues worldwide, brings the agility of public and hybrid cloud services to the global electronic trading community.”
The collaboration between CFN and Tier 3 strengthens CFN’s existing Alpha Platform cloud capabilities and will expedite the delivery of a comprehensive suite of cloud computing services to clients worldwide. The companies’ complementary vision is to deliver reliable, on-demand cloud services that empower firms to innovate by integrating private, public and hybrid cloud-based solutions across the entire trading lifecycle.
“Cloud services adoption is set to dramatically accelerate in financial services markets this year. With their existing high performance on-demand services and these new virtual private cloud services leveraging the enterprise-grade capabilities of the Tier 3 platform, CFN is now well poised to lead,” said Adam Wray, president and CEO, Tier 3. “This global expansion of CFN’s public cloud footprint also marks an important milestone for the Tier 3 Federated Cloud as we grow to Europe and beyond.”
About CFN Services in the Global Financial Markets
CFN Services is a leading provider of automated trading enablement services that improve trading performance for some of the world’s most sophisticated financial markets participants. CFN developed the Alpha Platform™, a high-performance, global cloud for ultra-low- latency, market data delivery and trade execution across key liquidity venues and major asset classes worldwide. Buy-side, sell-side and trading application providers leverage CFN’s global, low-latency networks and proximity-hosted infrastructure to seamlessly integrate proprietary and best-of-breed trading applications. For more information about CFN’s infrastructure services and managed trading solutions, please visit: www.cfnservices.com/alphaplatform.
About CFN Services
CFN Services provides high-performance network and application delivery solutions for real-time, mission-critical applications. Leveraging FiberSource®, CFN’s global network optimization platform, the company deploys and manages low-latency networks and private cloud solutions to cost-effectively improve application performance in distributed IT environments. CFN’s global cloud platform connects more than 70 leading data centers across North and South America, Europe and Asia. For more information, please visit: www.cfnservices.com.
About Tier 3
Tier 3 helps large and mid-size enterprises bring applications and services to the cloud. The Bellevue, Wash.-based company provides an enterprise-grade virtual private cloud, enhanced by a framework-agnostic cloud orchestration layer to enable IT automation and agility. Architected for security, risk mitigation and high availability â with 99.999% SLA at all layers and disaster recovery in every deployment â Tier 3 is optimized for production environments and mission-critical applications. Tier 3's innovative infrastructure delivers superior performance and resource optimization while expert support provides a virtual extension of in-house IT staff. For more information, visit www.tier3.com.
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Anova Technologies launches its newest exchange-to-exchange connectivity route between 350 Cermak and 400 S Lasalle
CHICAGO / Anova Technologies, a custom optical engineering firm, will now offer ultra-low latency connectivity between 350 Cermak and 400 S Lasalle, bringing a key gateway to NY/NJ options exchanges and the CBOE into the ultra-low latency loop. As is standard, Anova’s path will displace the available offerings by providing a significant speed advantage to its clients.
Low Latency in the Options Market
“We’re linking up the network between these two POPs in the options market in a way that drives latency into picoseconds,” stated Michael Persico, CEO and founder of Anova Technologies. “It’s the perfect package for firms executing latency sensitive strategies - reliable and consistent light speed connectivity.”
Anova Technologies specializes in creating the truly fastest paths, using the best equipment. Much of what the company deploys has been customized from a software, hardware or micro-build perspective. With a fabric of routes throughout the equities and FX exchanges, this is the inaugural route into the burgeoning options market.
A Brief History of Options
Although options trading can be traced back in history thousands of years, in the US the standardized listed options market came into fruition in 1973 with the opening of the CBOE. That first day saw 911 call contracts on 16 underlying stocks traded. Within a handful of years, other exchanges began offering listed options and put options were introduced. Thus began the options trading market as we know it today.
The significant second evolutionary wave of options trading began in 1989 with the introduction of the CBOE ebook, the first electronic platform. Subsequent modernizations, from hand held terminals on the trading floor through hybrid and electronic trading systems, ignited an upwards drive in volume that culminated in over 4.6 billion options contracts clearing in 2011. With this rise in volume, has come an expansion in electronic trading strategies that draw on latency and collocation for success. Anova Technologies has risen to not simply meet the demands of those strategies, but also, raise the standards.
“We design each route to measurably surpass the incumbent connectivity providers in all areas… speed, capacity, service… you name it. This is the nexus of Anova…our company thrives in this space, offering the largest trading houses the latency reductions necessary to maintain their top trading positions,” continued Mr Persico.
About Anova Technologies
Anova Technologies is exclusively concentrated on HFT and algorithmic trading clients. Their prime objective is to implement best-in-class exchange connectivity. With the fastest routes connecting global trading venues, Anova Technologies consistently delivers the ultimate trifecta to its clients – ultra-low latency, accessibility and ease of deployment. This connection into the options market expands Anova’s asset class arsenal.
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