Tradeworx, one of the pioneers of modern high-speed trading, has invested heavily in financial technology throughout its years in existence. Low-latency routes for orders, co-location with exchange mainframes, ever-faster switches and server boxes—none of it came cheap. But it had an ace up its sleeve: It developed its own proprietary technology—its secret sauce—which allowed it to be successful in the cut-throat world of high-frequency trading (HFT).
Soon, it began offering this technology to
Bloomberg's Gerard Francis comes on the podcast to talk about how data fragmentation issues are becoming more challenging.Subscribe to Weekly Wrap emails