Dr. John Bates

Anyone for Tea and Sympathy with Beleaguered HFT Firms?

Guest columnist John Bates wonders if anyone feels bad for the high-frequency trading firms that are now facing lawsuits, sluggish markets and regulators.

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Do you expect more SEC investigations into order routing or handling?






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TORA Integrated Markit's TCA into its OMS/EMS

– TORA announced a partnership with Markit to integrate the latter's pre- and post-trade transaction cost analysis (TCA) tools into the former's order and execution management systems.

Could New Regulatory Proposals Upend Euro Brokerage Business Model?

– Although on the surface things seem relatively placid in the European equity industry, recent regulatory changes by the U.K. Financial Conduct Authority related to corporate access could bring on sweeping changes to the brokerage industry.

Join Traders For Our 2014 Wall Street Women Gala

– Traders invites you to join us on November 5th for a celebration of the achievements of women in financial capital markets at our annual Wall Street Women awards.

Disaster Averted in NYSE Stocks as Price Feed Backup Kicks In

– Securities professionals around the country endured a rough few minutes Thursday as a feed for carrying prices and quotes for thousands of stocks on the oldest American equity exchange misfired.

KCG Said to Seek at Least $300 Million for HotSpot Unit

– KCG Holdings Inc., the trading firm formed in the aftermath of Knight Capital Group Inc.’s near collapse, is seeking at least $300 million for its currencies unit, people with knowledge of the matter said.

The Coming Clearing Turf Battle

– When it comes to pending Global OTC Derivatives Clearing Operations, regulators in the US and Europe are bracing for a fight.

Q3 Options Volume Hits One Billion Contracts, Tabb Reports

– The options market is on a tear - with volume hitting a whopping one billion contracts in the third quarter.

Abel Noser TCA Now Measures Cost at the Fill Level

– Trade cost analysis is going a step deeper and measuring execution quality at the fill level.

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Highlights from the Current Issue

Palo Alto FX Trader Looks for Volatility

Daniel Lucas of Merk Investments is leading the foreign exchange charge in the buyside firm’s offices in the heart of Silicon Valley.

Why Trading Floors Are Shrinking

A wave of ground-breaking innovation and lower volumes has forced floor traders to face a new reality: a smaller, more intimate trading floor.

ALGO UPDATE: Pragma Offers Spot FX Currency Algos

The $5.4 trillion currency market is going electronic and Pragma is getting in the game now with its own algorithms targeting the $2 trillion spot market. The service bureau provider will start offering a variety of algorithms specifically for FX, ranging from simple TWAP to more complex liquidity seekers that minimize market impact.

In the CARDS - Is Finra's Data System Protecting Brokers or Investors?

Guest columnist Robert Stowksy reviews how FINRA's use of broker data to protect investors is under attack and asks the question, "Are they protecting investors or covering for bad brokers?"

TRADERS ON THE MOVE: ConvergEx Hires a Trio of Pros; Farrington Flies With Eagle

Agency-only broker and technology firm ConvergEx has hired a trio of market professionals to help it expand it's global reach while Eagle Investment Systems brought on Greg Farrington as it new head of sales. Bulge bracket broker UBS has hired Pierre Vermaak for its newly formed FRC team.

Reputational Risk RIP

Today, a $5 billion fine is the cost of doing business. How can any Wall Street firm take risk seriously?

BOOK REVIEW: 'Flash Boys' Burns HFT

Traders' reviews the controversial Michael Lewis tome 'Flash Boys' and how it has changed the way Americans think about high-frequency trading "if they even thought about it all" and its impact that may be seen in new regulations.

The Long Compliance Race

In an industry dominated by speed, where short-term success is dependent on decisions made faster than the blink of an eye, guest commentator Mark Knoll said that getting traders to focus on the long-term impact of regulatory changes is like trying to get a world class sprinter to think like a marathon runner.

CLEARING: CME's Sprague Warns About Failure to Settle Clearing Impasse

Traders spoke to Suzanne Sprague, executive director of collateral and risk for CME Clearing about the impasse, how to resolve it, and what it means for the clearing market.

HFT Hype Should Give Way to Serious Market Discussion, Experts Say

With the immediate furor over Michael Lewis's book, Flash Boys, finally dying down, many market players are hoping the receding hype gives way to a discussion of the real problems and possible solutions to some of the issues the book brought up - namely market structure.

ALGO UPDATE: Neonet Readies Algos for Europe; U.S. to Follow

Swedish agency-broker Neonet has a simple business strategy – offer its algorithms and electronic trading solutions first to its native European equity trading clients, and then cross the Atlantic and enter the U.S. equity markets.

Watch the Fiscal Rocks

Modern Network's Tim Quast discusses Michael Lewis's cage-rattling bestseller about high-speed trading, "Flash Boys," and how it left one thing out. Quast notes Lewis didn't say why exchanges pay fast traders. The answer spotlights the importance of getting right whatever corrective market-structure measures may come.

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By: PRWeb
Tighter Modelica Integration in Latest Release of MapleSim Provides Unmatched System-Level Modeling

Maplesoft(TM) today announced a new release of MapleSim(TM), the Modelica(R)-based physical modeling and simulation platform. With tighter Modelica integration, as well as more simulation, analysis, and connectivity capabilities, MapleSim 6 offers even more ways for engineers to meet and exceed their system-level requirements.

MapleSim is based on the open standard Modelica modeling language for describing physical models and components. In MapleSim 6, support for Modelica is enhanced in many ways making it even easier for engineers to take control of their modeling and analysis. MapleSim 6 includes a view that instantly shows the corresponding Modelica code for any subsystem or component. By looking at the code, engineers can tell precisely what their model is doing, and more easily correct or improve its behavior. Other Modelica features include the ability to open and immediately use Modelica files inside MapleSim; the ability to easily save any MapleSim model as a Modelica file; and, through the new MapleSim Connector for FMI, the ability to export MapleSim models in a standard format that was established with the help of the Modelica Association, which is easily understood by other FMI-compliant tools.

"The combination of Modelica, an open, object-oriented, system-level modeling language, with the symbolic computation power of MapleSim enables a level of understanding, power, and extensibility that is not possible with "black-box" tools," says Dr. Laurent Bernardin, Executive Vice-President and Chief Scientist at Maplesoft."With the new features in MapleSim 6, it's even easier for our customers to gain deeper insight into their designs, rapidly completing their most innovative projects and then passing their results down the toolchain."

Maplesoft expanded the entire MapleSim product suite by releasing several additional add-on products, many created in partnership with industry leaders. The MapleSim Connector for FMI lets users export models to other FMI-compliant tools; the MapleSim Connector for B&R Automation Studio enables the transfer of physical models into the integrated development environment of B&R Automation Studio; and the MapleSim Connector for VI-CarRealTime(TM) allows engineers to incorporate high-fidelity, multidomain models created in MapleSim into the real-time vehicle simulation environment of VI-CarRealTime.

MapleSim 6 also offers several new features that reduce development time by speeding up the testing and experimentation process. MapleSim 6 supports the ability to access external code directly from within their simulations. For example, customers can simplify their testing by calling external controller code directly from within MapleSim, instead of exporting the MapleSim model to another tool. MapleSim 6 also includes a new "snapshots" feature that speeds up experimentation by allowing customers to start experiments from any time-step and initial condition without having to rerun the model every time. This release also provides the ability to run batch simulations and optimizations in parallel, taking advantage of multiple CPUs to complete the computations significantly faster.

MapleSim 6 is available in both English and Japanese. Maplesoft is unveiling this new version of MapleSim at the International Modelica Conference, held in Stuttgart, Germany from September 3rd to 5th, 2012.

About Maplesoft
Maplesoft(TM), a subsidiary of Cybernet Systems Co., Ltd. in Japan, is the leading provider of high-performance software tools for engineering, science, and mathematics. Its product suite reflects the philosophy that given great tools, people can do great things.

Maplesoft's core technologies include the world's most advanced symbolic computation engine and revolutionary physical modeling techniques. Combined, these technologies enable the creation of cutting-edge tools for design, modeling, and high-performance simulation.

Maplesoft's products help to reduce errors, shorten design times, lower costs, and improve results. The Maplesoft product suite includes Maple(TM), the technical computing and documentation environment, and MapleSim(TM), the system-level modeling and simulation tool.

Engineers, scientists, and mathematicians use Maplesoft products to enable them to work better, faster, and smarter. Maplesoft's customers include Ford, BMW, Bosch, Boeing, NASA, Canadian Space Agency, Canon, Motorola, Microsoft Research, Bloomberg, and DreamWorks, covering sectors such as automotive, aerospace, electronics, defense, energy, financial services, consumer products, and entertainment. With Toyota, Maplesoft founded the Plant Modeling Consortium to promote the development of new design techniques for automotive and related industries.

Visit to learn more.

About Cybernet Systems Co., Ltd.
CYBERNET SYSTEMS in Japan provides world-class solutions and services in the CAE and IT areas. For more information, visit

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