Commentary

Denver Currie
Traders Magazine Online News

Who Killed the Kernel?

In his latest blog post, Denver Currie, Product Manager at Vela, looks at how firms are achieving low latency and high throughput in a flexible, cost-effective manner by combining commodity hardware with kernel bypass techniques and an ever-evolving set of software features

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Do you feel today's market data fees are justified given the technological expense required to generate them?



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December 1, 2004

An End to the Wine and Roses

By Staff Reports

A list of services considered off-limits in soft-dollar arrangements has been spelled out by the Financial Services Authority in the U.K. as part of a supplementary policy statement. The list includes travel, accommodation or entertainment costs; most custody services; subscriptions for publications; dedicated telephone lines and services related to the valuation or performance measurement of portfolios. Some execution costs can be covered by soft dollars, the FSA said. But they must be "demonstrably linked to the arranging and conclusion of a specific transaction; and arise between the point at which the fund manager makes an investment decision and the point at which the transaction is concluded."