I’LL HAVE THE DATA SOUP PLEASE We had data yesterday, we have data today, and we’ll have data tomorrow. In fact, we’ll have a lot more data tomorrow. We’re adding data to our lives at what seems to be an exponential rate. I belong to the Low Latency, Big Data group on Linkedin, here’s the… [Continue Reading]
What Exactly is Complex Event Processing Today?
September 18, 2011 By 1 Comment
As much as I disagree with much of what Curt Monash writes, he did actually ask a good question recently in his post, “Renaming CEP… or not” Without getting into a rehash of the hash over there, let’s look at things a bit differently. Let’s talk about what CEP is not. I left trading to… [Continue Reading]
It’s Time to Kill the Elephant
July 3, 2011 By 4 Comments
Google started using MapReduce about 10 years ago. Somewhere between there and now, Doug Cutting decided that he could copy it while at Yahoo and Hadoop was born. Doug now works at a company named Cloudera who bills themselves as providing the “only solution that manages Apache Hadoop across the enterprise.” Hadoop has been around… [Continue Reading]
Hope, FPGA’s, High Frequency Trading and the New Market Access Rules
February 3, 2011 By 4 Comments
I recently became aware of an emerging practice most likely being implemented by clearing companies at the low end of the capitalization sprectrum offering a unique solution to the recent Market Access Rules. NO UN-FILTERED DIRECT ACCESS What the SEC is trying to do is remove, or reduce the opportunity for either crooks, idiots, or… [Continue Reading]
Cassandra’s Data Model
January 27, 2011 By 4 Comments
As we prepare to implement our Market Data repository to facilitate algo development and back-testing, you should have downloaded Cassandra and installed it by now. What, you haven’t? Well, click here, get it done and then come back for some fun. To get things up and running once you’ve downloaded Cassandra, click here for some… [Continue Reading]
Building a Back Testing Platform for Algorithmic Trading
January 16, 2011 By Leave a Comment
On this continuing series, I am examining thoughts and specific implementation details around building a back-testing platform for algo trading. Eventually, we’ll see where complex event processing plays and how to implement it. Appendix to Part One – The Data Format Rather than looking at various database solutions first and then trying to define the… [Continue Reading]
Building a Back Testing Platform for Algorithmic Trading
January 14, 2011 By 3 Comments
In this series, I’m going to outline in general, how to build a back-testing platform for the creation, tweaking, and subsequent execution of algorithms used in electronic trading. Part One – The Data I recently made some comments on Vertica’s blog in regards to what I considered to be a fairly bold claim. They said… [Continue Reading]
Predictions for 2011
December 19, 2010 By 2 Comments
Some predictions for 2011. In no particular order or importance. 1. CEP – The Feature There’s a couple of things going on here. The most important being that Mark Palmer is writing blog posts about Richard Tibbetts writing blog posts on the Tabb Group’s site about writing better software on Wall Street (because software startups… [Continue Reading]
What’s Wrong With Complex Event Processing?
November 20, 2010 By 6 Comments
I spend a significant amount of my time keeping up with advances in processing high velocity big data. Over the last year, I’ve watched the NoSQL camp grow a lot. And now, some folks are even forecasting a market approaching $2 Billion USD by 2015. The last time I saw that kind of trajectory for… [Continue Reading]
Flash Crash – HFT Not To Blame so What Next?
October 27, 2010 By 3 Comments
Much to the SEC’s consternation, the recent report detailing the causes of the May 6th, 2010 Flash Crash has failed to indict High Frequency Trading as the cause. BUT WE WANT THE MONEY How does all of this tie in with the SEC’s bid to build a huge consolidated audit trail? (CAT) – well, after… [Continue Reading]
