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Archive for the ‘Finance’ Category

Visualizing economics

April 13, 2010 Leave a comment

A nice set of graphics from Visualizing Economics, via Zero Hedge.

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Categories: Finance

Articles on FIXatdl

April 9, 2010 1 comment

With the formal introduction of FIXatdl at the last FPL’s EMEA meeting, v1.1 is now an official FIX standard. Here, then, are the latest articles published in FIXGlobal on the new standard.

Categories: .net, Finance

Sybase acquiring Aleri?

February 2, 2010 Leave a comment

Looks like Sybase is in the process of acquiring Aleri.

It’ll be interesting to see how Sybase manages Aleri and Coral8 products, in both development and deployment (licensing).

Categories: CEP, Finance

FIXatdl v1.1 Release Candidate

February 1, 2010 Leave a comment

The Algoithmic Trading Working Group uploaded the v1.1 Release Candidate (internal build v2.7.0) for FIXatdl recently. You’ll need to register in order to download the files.

So start coding up those algo UIs already!

Here’s an earlier post that highlights some of the breaking changes with previous builds.

Categories: .net, Finance

CDS Clearing

December 7, 2009 Leave a comment

In news last week, the CME Group finally announced the availability of their CDS clearing platform.

Categories: Finance

The Economist: Banks and IT

December 7, 2009 Leave a comment

The Economist has an interesting article on how, in its view,  IT has had a role to play in the financial crisis. I have to agree with some of the analysis.

Whether the financial industry would have hit the brakes if it had had digital dashboards showing banks’ overall exposures in real time is a moot point. Some managers might not have even looked.

Yet most in the industry agree that its woeful IT systems have, in Mr Banziger’s words, “exacerbated the crisis”. The industry spent billions on being able to trade faster and make more money, but not nearly enough on creating the necessary transparency.

Categories: Finance

FIXatdl: breaking changes in v1.1

November 6, 2009 1 comment

For those who’ve been consuming the interim FIXatdl builds leading up to v1.1 and haven’t upgraded to the latest internal build v2.6.5, be aware that there are several breaking changes which will require you to update the algo xml.

Some of the changes are cosmetic only (proper case vs camel case attributes) but others changes are major. Additionally, there are values that the xsd won’t validate but as a developer, it’s your responsibility to check the algo xml.

  1. The latest build separates the data contract (over the wire) from the UI components. As a result:
    • Parameters are now defined separately from the layout and no longer have attributes like initValue, minValue or maxValue.
    • They are referenced by name from a control’s parameterRef attribute.
    • It’s your responsibility to confirm that the names specified in parameterRef are actually tied to Parameters.
  2. Although the “id” attribute on an Edit is marked as optional, without it, the rule cannot be referenced by any control. Therefore, treat “id” as a required attribute.
  3. Olson TimeZones referenced in localMktTz attribute should now map to the LocalMktTz_t simple type defined in atdl-timezones-1-1.xsd. Regions are also referenced similarly via atdl-regions-1-1.xsd
  4. When validating a list parameter (with EnumPairs) that are mapped to a list control with its own ListItem, or defining a rule on such elements, normalize the values back to the EnumPair’s wireValue. However, if the ui widget is display-only (that is, it’s not tied to a Parameter_t and is just used for StateRule), then normalize to the Control’s value.
  5. Avoid using spaces in wireValues associated with EnumPairs as in the case of MultipleCharValue_t and MultipleStringValue_t data types, extra spaces will cause parsing to fail on the other side of the wire.
  6. Unless you’re using RepeatingGroups, treat “fixTag” attribute on Parameter_t as required.
  7. FIXatdl treats RadioButton_t and CheckBox_t identically in terms of functionality. However, treat a RadioButton_t which is not present in RadioGroupButton_t as a CheckBox_t since you can’t unselect a radioButton after selecting it without writing additional code.
  8. FIXatdl does not support the use case where you might need to reset a control after its value is set by a StateRule.  You might want to handle this case explicitly by setting up a StateRule to null out the control in order to prevent erroneous wireValues to be generated. For example, if you have a StateRule defined as
    <flow:StateRule value=”0″>
    <val:Edit field=”Posting” operator=”EQ” value=”e_NOPOST”/>
    </flow:StateRule>
    Then you may want to also add a rule to clear the field when Posing is changed from e_NOPOST to something else.
    <flow:StateRule value=””>
    <val:Edit field=”Posting” operator=”NE” value=”e_NOPOST”/>
    </flow:StateRule>
Categories: .net, Finance