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

Traders Poll

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



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April 3, 2008

Big Blocks...Trading a Little at a Time?

By Michael Scotti

At Credit Suisse's AES Equity Derivatives Trading Forum in Miami at the end of February, Rob Maher, who heads AES sales in Europe, made the case in a presentation that trading lots of small orders algorithmically is often more efficient and cheaper than going the traditional block route. However, not all block traders have caught on. Maher offered a summary of buyside traders' common complaints regarding block trading.

Top Five Trader Comments:

> How can I avoid "every trader's nightmare" and ensure that I don't miss a big print?

> I want to trade with like-minded institutions.

> I want to avoid all these annoying little prints, want to avoid the noise.

> I want to get back to trading blocks the way we used to.

> These (expletive, expletive, expletive) algorithm guys have ruined the market!!!

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