FOREX TECHNOLOGY
>>>
dark fibre networks which are put on to switches provided by Infinera, a provider of digital optical communications systems.
Panzica says major HFT, FX trading firms are also “traversing spools of fibre” – spare fibre capacity set aside in case there is a fibre cut which puts a rout down – to achieve lower latency trading performance. “HFT traders want a straight route. So they will ask the dark fibre guys to run a new fibre route with zero spooled capacity and they will pay extra for it. But this means the service level agreement (SLA) to repair will no longer be there because the provider will have to do a manual splicing of the fibre. But the HFT firms do not care because they will just buy two different routes that will be diverse from one another,” says Panzica.
Having access to self-healing network architecture – which provides users with the protection that in the event of a fibre cut on their primary route there is an automatic failover – is also vitally important for many high-speed, FX trading firms. “Many of our HFT customers are buying point-to-point and unprotected services from a variety of providers. We provide a self-healing architecture for firms that do not have the same investment in the network as some of the bigger players. Self healing gives them the protection that they will be still connected to thier matching engine or trading partner,” says McConnell of Hibernia.
Casey of CFN Services says the company’s Alpha Platform, a cloud-based platform designed for automated traders pursuing strategies across a variety of major FX venues, has the scalability to enable trading firms to react to rapid changes in market conditions. “Our dedicated bandwidth solutions built on high-performance switching guarantee specified bandwidth at all times and this is particularly important when micro-bursts or sustained increases in volume occur,” he says.
CFN Services leverages FiberSource, its proprietary fiber design platform, to optimize and deploy high performance primary and redundant network solutions. FiberSource provides FX firms with a roadmap to optimize their trading networks and helps with the planning and configuration of optimal co-location sites, while delivering low-latency networks.
Network monitoring
Hibernia monitors the low-latency, high performance connectivity of its services by doing “safeline testing”
122 | january 2012 e-FOREX
Stephen McConnell
“Managed networks offer three main advantages to high- speed trading firms: low latency routes; diversity; and higher capacity for growth.”
of newly activated fibre to any new segment of its network. Tird party tools offer latency analytics, troubleshooting and compliance monitoring, such as those provided by: Endace, the high-performance network and analysis company based in New Zealand; Corvil, a unified latency management provider for the financial markets based in Dublin; TS Associates, a supplier of instruments for measuring trading latency based in London; and Correlix, a provider of latency management solutions for the buy side, sell side exchanges and electronic communication networks (ECNs) based in New York.
“Teir devices can sit on a network and they will measure the granularity of latency into nanoseconds. Tose are significant parts of the infrastructure in any sort of HFT strategies that we are seeing. Typically they will either sit in cabinets in our data centre or they will sit at their proximity trading server level,” says Panzica of FiberMedia.
Correlix, for example, offers RaceTeam, a latency measurement service that enables trading firms to share and manage real-time latency information
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134 |
Page 135 |
Page 136 |
Page 137 |
Page 138 |
Page 139 |
Page 140 |
Page 141 |
Page 142 |
Page 143 |
Page 144 |
Page 145 |
Page 146 |
Page 147 |
Page 148 |
Page 149 |
Page 150 |
Page 151 |
Page 152 |
Page 153 |
Page 154 |
Page 155 |
Page 156 |
Page 157 |
Page 158 |
Page 159 |
Page 160 |
Page 161 |
Page 162 |
Page 163 |
Page 164 |
Page 165 |
Page 166 |
Page 167 |
Page 168 |
Page 169 |
Page 170 |
Page 171 |
Page 172 |
Page 173 |
Page 174 |
Page 175 |
Page 176 |
Page 177 |
Page 178 |
Page 179 |
Page 180 |
Page 181 |
Page 182 |
Page 183 |
Page 184 |
Page 185 |
Page 186 |
Page 187 |
Page 188 |
Page 189 |
Page 190 |
Page 191 |
Page 192 |
Page 193 |
Page 194 |
Page 195 |
Page 196