DataSift Raises $15 M for Twitter Trading Toolbox
November 16, 2012
The tools will help traders make sense of a half-billion tweets a day. Emulex and Gnodal find mchanims to reduce network congestion. Zeptronics adds networks cards to its trade matching system. New Zealand market signs on for Nasdaq X-Stream technology. Lightpointe rolls out high-speed wireless bridges.
DataSift: Stock traders looking to gauge sentiment about publically traded companies and how that correlates with price movements can find clues within the half billion Twitter massages published daily. Enabling them to filter though all that information, DataSift, a four-year-old UK company, has raised $15 million from investors including Scale Venture Partners to increase the number of analytics tools it offers. The company is one of few that has permission to access and resale data from Twitter’s so-called “firehose,” the entire bulk of postings made on the network.
Emulex: Partnering with Gnodal, a provider of high-speed Ethernet (40GbE) network switches, Emulex Corp., the converged networking solutions provider, plans to deliver a solution that eliminates network congestion and provides industry-leading low latency, addressing the needs of high frequency trading (HFT) environments. The Emulex OneConnect 10GbE Network Xceleration™ (NX) OCe12000-D adapters, with FastStack DBL software, powered by Myricom, and a Gnodal GS4008 10GbE switch, enable lower latency by as much as 57 percent in User Datagram Protocol (UDP) testing, and by as much as 47 percent in Transmission Control Protocol (TCP) testing, when compared to a standard 10GbE switch.
Zeptonics: The Sydney-based financial technology firm announced that it will integrate 10GbE Network Interface Cards (NICs) from Mellanox Technologies into its new trade matching system, ZeptoMatch. Zeptonics developed ZeptoMatch for exchange operators and dark pool providers who want to offer a faster trading experience for traders, thereby attracting more trading volumes.“Professional traders place great value on transaction speed,” said Dr David Snowdon, a Principal at Zeptonics. “Along with better pricing and greater liquidity, modern traders look for shorter trade matching times when deciding which trading platforms to use.”
NZX: The New Zealand Market (NZX) has launched NASDAQ OMX’s trading platform X-stream, paving the way for global connectivity and product innovation going forward. The go-live is the result of a successful intensive, seven-month project involving NZX and NASDAQ OMX.NASDAQ OMX was originally selected in competition with a number of global exchange technology providers. X-stream complies with international standards and is capable of handling equities, debt, derivatives, commodities, ETFs and a range of other instruments on one single platform.
LightPointe: The manufacturer of point-to-point Gigabit capacity FSO wireless bridges, and innovator in 60 and 80 GHz backhaul radios used by 4G carriers and enterprises, announced the introduction of a new line of ultra-fast, extreme low latency point-to-point radios and Free Space Optics wireless bridges. The Aire X-Stream Series includes the world's fastest wireless bridges -- faster than any existing backhaul radio or Free Space Optics data bridge. With equipment latency of less than 10 nanoseconds, a data transmission from an Aire X-Stream Series wireless bridge can even outrun a fiber optics transmission after just ten meters.