NYSE Euronext fluffs financial cloud
Amazon for hedge funds
NYSE Technologies – the research, development, and IT operations arm of the NYSE Euronext exchanges in New York and London – has fluffed up a cloud specifically for trading firms.
Saying so won't generate much sympathy among the proles, but trading volumes on Wall Street and in the City are down, and profits for brokerage houses, buy-side and sell-side firms, and hedge funds are down as well. That means the myriad companies in the financial services food chain are under pressure to reduce costs as much as possible.
For such firms, IT expenses, telecom, and data services eat up the biggest part of the budget, and that is why, back in December 2010, NYSE Euronext decided to sit down with storage and security software giant EMC and its virtualization minion, VMware, to hammer out the specs for a cloud aimed specifically at the exchange's existing customers.
The cloud, known as the Capital Markets Community Platform, is not intended to replace the bare-metal trading systems that banks, hedge funds, and other financial players park inside NYSE Euronext's data centers, explained Stanley Young, CEO at NYSE Technologies, at a press conference at the New York Stock Exchange today.
Rather, the financial cloud is intended to augment the low-latency, co-location platforms that financial firms plunk into NYSE's data centers. (One 100,000-square-footer is located outside of New York in Mahwah, New Jersey, and the other 70,000-square-footer is in Basildon, east of London. These two centers have hundreds of thousands of servers hosting trading systems, the company says).
The cloud is designed for batch processing for statements, regulatory filings, testing of algorithms against historical data and the prior day's trading data, and other analytics where I/O latency is not crucial.
There are a number of benefits to using the cloud, Jarrod Yuster, CEO at Pico Quantitative Trading and one of the beta testers for the financial cloud, tells El Reg. For one thing, a lot of financial firms get access to the day's trading data at 11:30 PM local time for the NYSE or Euronext markets, and then begin downloading that data across high-speed (and expensive) wide area network links to their own data centers. This download process takes many hours and lots of dough.
But if you locate the analytical applications that chew on the data inside the NYSE Euronext data centers, you can access the data locally using the Secure Financial Transaction Infrastructure (SFTI) network backbone that the exchange operator uses to link other exchanges, its 1,250 customers, and other market centers into its trading engines and data aggregation services. This backbone is used to create the NYSE Superfeed, which is an aggregation of 170 high-speed exchange and aggregated market data feed handlers. The biggest banks in the world have 80GB/sec pipes (that is bytes, not bits) into the SFTI network, according to Young.
Next page: Amazonian in design
nufink rong wif basvegas baby
exchanges are all about latency. basvegas is close to london geographically so minimises latency while being cheap for the sort of land needed for massive datacenters.
80GB/sec, oh the torrents you could move on that baby.
Meanwhile in Real Worlds, Virtual Help Arrives to Deliver the Provision of Invisible AIR&dDs*
"The cloud is designed for batch processing for statements, regulatory filings, testing of algorithms against historical data and the prior day's trading data, and other analytics where I/O latency is not crucial."
And the design is vital to try and keep the Ponzis, which are openly trading their dodgy products and services, derivatives and futures on the trading market boards, which are fictionally enhanced to suggest great wealth being driven and generated, rather than is the actual sad and bad and mad reality, crippling debt incurred and foreign national wealths virtually stolen, churning.
As is evidenced by this blatant Patent application ? ....... "A simulated work environment for teaching business skills to participants through a fictional company with organizational roles filled by the participants, information about the initial status of the company, a communication link through which the participants can be given information or communicate, and an objective that the participants must achieve within the simulated work environment" ...... http://appft1.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PG01&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.html&r=1&f=G&l=50&s1=%2220070156421%22.PGNR.&OS=DN/20070156421&RS=DN/20070156421
Methinks the Great Capitalist Dream Game needs a fab tweak or two, or three, or more, if it is survive in Live Operational Virtual Environments with Virtual Machine Control of Clouds Hosting Advanced Operating Systems.
The Madness would be to imagine that nothing needs changing and that all can remain much the same as it is, whenever everyone knows that progress always provides something completely different to energise imagination into industry and innovative supply of future needs and feeds and seeds.
Welcome to NEUKlearer HyperRadioProActive IT ...... An Alien Concept from way beyond and before your time in Intellectual Property Generated Spaces .......:-) and Crazily SMART dDutch Initiative Trading Places, where Sustained Mutual Benefits trump and usurp and destroy the Viral Plague that is Outrageous Personal Greed for the Product Placement of Powerful Constructive Control?
* Echt waar! Do not allow your ignorance to fool you with debilitating disbelief just because so much is presently beyond your ken. For others is IT simply no problem at all, to always be able to do exactly as is said and universally shared.