Big Data: Smart analytics
low latency data processing, focusing on application logic, in-memory storage or pre- and post-trade analytics, in support of intelligent trading
“The latency to check risk is six milliseconds. That is a lot of delay and leaves a lot of room for an arms race”, – James Davies, chief operating officer of Global Markets Exchange Group
Nick Idelson, technical director at TraderServe: First, “data is good and clean”. Then, “whether it matches up and whether there is any jitter”. Finally, the solution leveraging the data.
Pre-trade risk – driving low latency big data