Infographic: Continuous Testing

 
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Jun 6, 2014

Posted By: Jacob Northey

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Free Resource: Continuous Testing Infographic Every manager or engineer responsible for a trading system knows that they could use a more robust testing procedure. Current tests are outdated. They're ignored due to inconsistent results. Or, they're too painfully complex to maintain and improve. The once-promising ideal of automated testing i... Read More

Trading System Failures Cannot Be Our Norm

Testing.  Everybody responsible for trading systems knows they need to do more of it.  Few have the time to do it right.  Fewer have the resources to commit to it.  The electronic trading industry has suffered a rash of system failures over the past few years that have each pointed to the need for more testing.  Time and again it has been s... Read More

The modern CIO must focus more on value than risk

 
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Apr 8, 2014

Posted By: Jim Northey

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A conversation with a former colleague and friend on market data conflation morphed into a blog post on the value and risks of information technology. I thought it was worth sharing as it provides some insights into our approach at Lasalletech. At some point deriving value from information technology became more important than simply managing... Read More

Thoughts on the 60 Minutes segment on HFT with Michael Lewis

 
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Apr 1, 2014

Posted By: Jim Northey

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On Sunday, 60 Minutes featured a segment on high frequency trading featuring Michael Lewis, who is publicizing his controversial new book "Flash Boys". The issue of HFT is not so simple. I worked for over a year with a group of highly capable industry insiders as part of CFTC Commissioner Scott O'Malia's Technical Advisory Committee - HFT S... Read More

Operational Alpha

 
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Mar 4, 2014

Posted By: Alex Zinny

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About 10 years ago I joined a firm that was able to deliver FIX connectivity to just about any destination - a feature that put us ahead of the game at the time. This firm’s ability to identify and fix operational inefficiencies enabled other firms, both large and small, to benefit. Since then, much of the industry has matured. Almost every b... Read More

Devising a Smarter Approach to Client On-boarding and Certification

 
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Jan 13, 2014

Posted By: Jacob Northey

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The following is a guest blog from Candyce Edelen of PropelGrowth. It originally appeared on Markets Media and Wall Street and Technology. The timeless challenge for new trading venues is to attract clients to connect before they have substantial liquidity. IEX Trading was confronted with this issue as it launched its new trading platform in ... Read More

Why Traditional Testing Doesn’t Catch Nasty Race Condition Bugs

 
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Jan 7, 2014

Posted By: Jacob Northey

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Typically the testing being performed by exchanges involves a combination of manual functional testing and load testing using simple, repetitive scripts. But in the current marketplace, relying on this approach to verify the stability and reliability of systems is no longer enough. Manual testing by nature is slower to perform and not entirel... Read More

Taking on Systemic Risk with Automated Testing

 
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Dec 11, 2013

Posted By: Jacob Northey

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Systemic risk has become a very real threat to our global financial system given our reliance on a web of complex systems and relationships for managing trades. Playing into this issue is that brokers and exchanges often find it hard to predict how their systems will handle erroneous or unexpected requests from their counterparties. This is ofte... Read More

8 Things You Should Know About Current and Upcoming Regulations from FIX Americas Regulatory Briefing

 
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Nov 22, 2013

Posted By: Jacob Northey

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The annual fall FIX event in New York was a little different this year. In the past the format was many different concurrent sessions separated into technical topics and business topics. This year the event was contained to a single afternoon and everybody congregated in a single room. The format was simple: 55 minute panels followed by 35 minu... Read More