Most desks treat infrastructure as an IT line item. In continuous intraday trading it is part of the strategy. The exchange processes orders one at a time, in the order they arrive. How fast your order arrives, and whether your stack is up at all, decides whether the strategy you designed is the strategy you actually…
Over the last few years, a wave of energy trading software has launched as cloud SaaS. The reasons are easy to understand. Investors like recurring revenue, and "cloud-native" is an easy story to sell. The vendors pitched elasticity and zero maintenance to utilities and trading desks. What most of them did not think…
"Connect to M7" tends to show up as one line on the plan. A couple of sprints, slotted in next to the strategy work that's the actual reason for the project. The exchange publishes an API, you write a client against it, orders go out and fills come back. On paper it's a small part of the whole thing. It's also…