Event #data goes low #latency too
Low latency data feed for high frequency traders is no novelty, there is still space for growth and new products, however. Previously, high frequency algorithmic trading strategies are more interested in asset price data, because such strategies specialize in capturing trends and changes in price movement itself and capitalizing on those tiny profit opportunities.
As competition intensifies and profit margin tightens, high frequency traders are looking to expand their strategic horizon. To answer such demand, Selerity and Lime Brokerage are teaming up to drive real-time event data into low-latency delivery and make it available and more compatible with algorithmic trading strategies through a new, integrated event-driven trading platform.
The marriage between Selerity and Lime Brokerage works like this: Selerity will provide low-latency event-driven data, such as company earnings, macroeconomics, and energy data, as a direct feed into Lime Brokerageâ€™s complex event processing (CEP) engine, LimeTrader. This new service enables trading firms to leverage news-based strategies in their trading algorithms, it also helps traders and developers test their algorithms more efficiently, accelerate the timeframe for back-testing and go to market faster with new strategies.
Lime Brokerage CEO, Mr. Jeff Bell, will participate on a panel discussion at the Trading Show Chicago 2012 on June 26. Come to the event to meet industry leaders and hear about the latest developments.