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09-13-2008
Registered User
26,240,
27
Singapore Sling
Progress Software
09-13-2008 06:09 AM
I'm currently in Singapore as part of a road trip visiting clients in SE Asia. As well as enjoying a nice change from the lousy British climate (winter followed by a slightly wetter winter, as an ex-pat described it to me), I'm very much enjoying meeting with traders and IT folk to discuss Algo Trading and CEP as it pertains to Asia specifically. Algo Trading is really big news in the region - and we're seeing significant growth for Apama as a result (see our recent press releases on our deployments at Bank of China International in Hong Kong and Leading Investment and Securities in Korea).
I spent the last couple of days at the Derivatives World Asia conference, giving a presentation on Real-time Risk Management and Surveillance (a rapidly growing area for Apama and CEP in general) and hosting a workshop on Algo Trading. A strong theme from this event concerned the huge regional variations in Asia concerning technological maturity, readiness of the banks to adopt algo, regulatory frameworks etc. Japan, for example, was one of the first to deploy sophisticated network infrastructure and electronify its markets, but is now suffering scaling issues as a result - a case of "first mover disadvantage". In countries like Singapore, which are coming later to the game, lessons have been learned with very impressive results. The Singapore Stock Exchange (SGX) recently launched a new platform for its Equities and Derivatives markets offering sub-millisecond access to the exchange through proximity hosting, and a trading platform capable of scaling to thousands of orders per second. Singapore is really gearing up for Algo - not only on the technology side, but also through incentives to attract the big banks into the country - with Citigroup and RBS joining Standard Chartered in locating significant operations here. The local banks are also in the game, with regional acquisitions driving growth in their Investment Banking and Brokerage operations.
Algo is big news in Asia and in Singapore specifically; it currently accounts for 12% of all Equities and 18% of Derivatives traded in Singapore but those numbers are set to grow rapidly. Having the fastest trading platform in Asia will certainly help nicely!
Source...
09-13-2008 06:09 AM
I'm currently in Singapore as part of a road trip visiting clients in SE Asia. As well as enjoying a nice change from the lousy British climate (winter followed by a slightly wetter winter, as an ex-pat described it to me), I'm very much enjoying meeting with traders and IT folk to discuss Algo Trading and CEP as it pertains to Asia specifically. Algo Trading is really big news in the region - and we're seeing significant growth for Apama as a result (see our recent press releases on our deployments at Bank of China International in Hong Kong and Leading Investment and Securities in Korea).
I spent the last couple of days at the Derivatives World Asia conference, giving a presentation on Real-time Risk Management and Surveillance (a rapidly growing area for Apama and CEP in general) and hosting a workshop on Algo Trading. A strong theme from this event concerned the huge regional variations in Asia concerning technological maturity, readiness of the banks to adopt algo, regulatory frameworks etc. Japan, for example, was one of the first to deploy sophisticated network infrastructure and electronify its markets, but is now suffering scaling issues as a result - a case of "first mover disadvantage". In countries like Singapore, which are coming later to the game, lessons have been learned with very impressive results. The Singapore Stock Exchange (SGX) recently launched a new platform for its Equities and Derivatives markets offering sub-millisecond access to the exchange through proximity hosting, and a trading platform capable of scaling to thousands of orders per second. Singapore is really gearing up for Algo - not only on the technology side, but also through incentives to attract the big banks into the country - with Citigroup and RBS joining Standard Chartered in locating significant operations here. The local banks are also in the game, with regional acquisitions driving growth in their Investment Banking and Brokerage operations.
Algo is big news in Asia and in Singapore specifically; it currently accounts for 12% of all Equities and 18% of Derivatives traded in Singapore but those numbers are set to grow rapidly. Having the fastest trading platform in Asia will certainly help nicely!
Source...