Corvil was at the STAC Summit in NYC, represented by Raymond Russell, Voyta Karas, Tim McGovern, Sam Agosta and myself. As always, STAC was another valuable day for learning, sharing, and staying involved with the industry!
It was exciting to see our CTO Raymond Russell present “Stories from the PTP Battlefront,” which I saw really resonated with the audience. The practical nature of Raymond’s real-world Corvil experiences with PTP deployments was a particular strong point. Although PTP promises sub-microsecond accuracy, there's plenty that can go wrong in practice. Accuracy issues often go undetected for months and have all sorts of causes, from architecture and deployment weaknesses to PTP misconfigurations, insufficient diagnostics, and even bugs in switches. As Raymond discussed a number of these problems and how they were diagnosed and solved, people were engaged and visibly took note as to how they could apply these lessons to their own company’s situations.
While attendees were sure to pay attention to the takeaways from Raymond’s presentation, there was also widespread discussion about the complication of surveillance for regulators, exchanges, and trading firms. Of course, there was the ongoing buzz around MiFID II and what firms can do to prepare for potential similar regulations in the US as well. Overall, many of the talks fell into the three main themes for the day -- Big Data (Open source data management, processing challenges, and the growth of artificial intelligence in trading), Big Compute (performance and power/space efficiency), and Fast Data (MiFID II, flash SAN, real-time algorithmic solutions, Precision Time Protocol).
But after everything I saw and heard at STAC, I thought about Corvil’s place in this massive (and growing!) algorithmic trading ecosystem. Where can Corvil be the most help? A few things stood out to me. For the exchanges and trading firms that already use Corvil, using it to provide more than latency data is key to addressing concerns about upcoming regulatory requirements. Secondly, I realized that for regulators who attended the conference, they discovered how Corvil can help them simplify the complexity associated with managing and analyzing transactional data received from the firms for which they have surveillance responsibilities. And lastly, relaying our own approach around re-thinking speed, for example, that “information about speed is becoming more important than speed itself,” is critical for any market player to understand how to navigate this increasingly complex trading landscape.
Of course, it’s always a breath of fresh air exchanging ideas, perspectives and experiences at events like STAC. Hope to be at the next one! See you there?