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Ronald Jordan
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Understanding Your Data is No Longer Optional

In this contributed article from Global Markets Advisory Group, the advisory discusses the importance of data and how organizations should augment existing skill sets and capabilities to add a data-focused perspective to their operating fabric.

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December 11, 2009

InfoReach Gets Traders Going High-Speed Quickly

By James Ramage

InfoReach wants to give smaller shops the tools to be high-frequency traders.

The Chicago-based execution management system builders designed HiFREQ to supply the required technology to let hedge funds and smaller prop shops write their own high-frequency strategies. This technology includes a framework that can connect to any FIX-compliant destination, adapters to several different market data providers and the wherewithal to write such strategies as arbitraging across global equities and futures.

HiFREQ is an extension of the InfoReach TMS EMS, which runs on a stripped-down version of the platform. To this, InfoReach added functionality that would let the trading system achieve a higher rate of messages per second over a FIX connection, as well as lower latency, said Vitaly Shatsky, the vendor's chief technology officer.

"We took out anything we felt wouldn't be used or leveraged by a high-frequency trader, and anything that would cause a slowdown in performance," he said. "And we came up with a stronger product, from a performance perspective."

Armed with HiFREQ on their InfoReach TMS, budding speed traders can send 10,000 orders a second with microsecond latency or consolidate their multiple exchange feeds. But smaller shops with high-frequency ambitions do still need to supply their own fast market data feeds, servers and execution pipes, Shatsky said, the basic infrastructure for running these trading strategies.

 

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