Aoptix, Anova Create High-Speed Wireless Exchange Network
February 22, 2013
New ultra-low latency wireless network coming from Aoptix and Anova. Imagine Software introduces high volume risk analysis for global investment managers. FCM360 and TradeStation. Give Institutional Traders One-Stop Low-Latency Solution. Tradenext and Tradable will roll out co-branded platform. Coming: High Performance Computing for Wall Street conference.
Aoptix: The wireless communications provider and Anova Technologies, builder of dedicated low latency networks, have formed a partnership to deliver ultra-low latency wireless communications networks for the financial industry.
Anova will be responsible for the sales and marketing, network design, and operations of the networks for the financial services segment. Aotix will be the sole provider of technology and equipment to the partnership.
The first network developed under the partnership will be rolled out in the New York-New Jersey metro region and later expanded to other financial markets around the world. The companies expect to complete deployment of the New York-New Jersey route in the first half of 2013.
Imagine Software: The provider of real-time portfolio and risk management solutions has introduced the Imagine High-Volume Risk Management (HVRM) service. The product helps clearing houses achieve the high speed, high volume, high-end risk analysis required by Commodity Futures Trading Commission (CFTC) regulations scheduled to go into effect in June 2013. It also provides prime brokers, major banks, asset managers, and other leading financial institutions with the capability to apply real-time risk limit monitoring on a large scale.
Under impending CFTC Rules 1.73 and 1.74, clearing providers must establish risk-based limits, screen orders for compliance with those limits, and monitor their clients' trading activities with respect to those limits. All this must be accomplished within 60 seconds after a trade has been submitted for clearing. The Imagine HVRM solution satisfies these mandates with a lightweight, cloud-based offering that can be rapidly deployed and easily integrated into a client's existing systems.
Traders will workt with a single broker that offers a low latency trading infrastructure in sought after datacenters such as Equinix NY4 with direct fiber connectivity to matching engines, pricing and execution feeds. Traders that have infrastructure in other NY metro colocation facilities can also leverage the ultra-low latency FCM360 financial cloud to reach TradeStation's networks from the 111 8th Avenue New York facility in under 70 microseconds.
Tradenext: The broker has entered into a partnership with open trading platform Tradable. Tradenext will roll out a co-branded platform to its global client base this month and will soon offer it to prospective clients. The firm will demonstrate the new platform, alongside Tradable, at the London Investor Show.