ARQA Technologies at the 12th International Show and Conference TradeTech 2012

11 may 2012

ARQA Technologies took part in the 12th International Show and Conference TradeTech 2012 that was held in London on 25-26 April, 2012.

This is the twelfth year in a row WBR (the largest international organizer of B2B events) held a massive business event dedicated to modernization of global financial markets infrastructure and development of technological solutions used by participants who work in those markets.

As witnessed by most participants TradeTech 2012 became the largest and most representative event in its entire history both in its conference and exhibition parts.

This year the conference participants discussed most pressing issues concerning development and changes of global financial markets, their influence on the economies of Europe and other countries as well as principal trends of the industry’s technological development and progress.

The participants were first and foremost concerned by market regulation issues. Throughout panel discussions and separate presentations they discussed the pros and cons and also results of Dodd and Frank act and MiFIDII regulations as applied to the European markets. The participants also pointed out essential disagreements between buy-side and sell-side businesses on the one hand and regulators on the other. A special attention in regulation discussions was paid to necessity of online pre-trade checks of transactions flow both at the level of exchanges and trading solutions of its participants.

Much of the debates concerned the most controversial issue of the industry – the HFT. Questions like “How fast is fast enough?” and “How to achieve it?” were basic for several panel discussions. Participants including exchanges put forward and discussed new technologies for achieving yet lower latency, analyzed the impact of HFT trading on market liquidity and also shared forecasts concerning future developments of HFT environment.

Several panel discussions and presentations were dedicated to questions of development of trading and technological market infrastructures in the next 3 to 5 years. Discussions touched on issues of market globalization (opportunities to combine several currently separate markets into one trading environment), HFT influence, dark pools, algorithmic trading, outsourcing opportunities and data centers development at the exchange level.

The event brought together over 2000 participants from more than 40 countries.

Over 100 exhibitors took part in the show. They included some of the largest financial market institutions (Barclays Capital, BNP Paribas, Deutsche Bank, ING, Nomura, Societe Generale, ATON, BKS, Uralsib Capital – Financial Services); IT-vendors providing software solutions for automation of trading operations, market data provision, building communication and technological networks (Bloomberg, BT Radianz, Colt Technology, Fidessa, GateLab, Interaxion, IT Software, ORC, Progress APAMA, SunGard, Thomson Reuters, ULLINK); international and Russian exchanges (BATS Chi-X Europe, Irish Stock Exchange, LSE, NASDAQ OMX, NYSE Euronext, WSE, MICEX-RTS).

ARQA Technologies presented to the event participants the QUIK system as a server with developed online pre-trade control functions and a range of low-latency solutions for online pre-trade checks on the basis of FIX protocol or exchanges’ API:

  • FIXPreTrade – module to fit into any FIX-infrastructure of a broker;
  • FIX2Markets – FIX-«wrap-up» for an exchange API as it is currently implemented for ASTS MICEX-RTS (FIX2MICEX) and Plaza2 FORTS/RTS-Standard (FIX2Plaza2) gates;
  • MICEXPreTrade – a solution for sponsored access using API MICEX-Bridge.

The company’s booth also displayed a complex post-trade risk-management solution – a middle office midQORT.

Traditionally, different methods of connectivity using direct exchanges’ gateways or FIX integrations for access to trading at Russian and international marketplaces directly or via technological vendors (the company’s partners) were discussed at ARQA Technologies’ booth.

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