For His Next Trick, Barefoot Genius Aims to End Broker Rip-Offs by Ryan Hoerger and John Detrixhe for Bloomberg August 3, 2015 — 4:00 PM PDT Updated on August 4, 2015 — 4:00 AM PDT The man who helped revolutionize high-frequency trading greets guests to his Paris office in his bare feet. “I apologize for not dressing up,” said Stephane Tyc, 54, whose scheme to send trade data via microwave towers in the U.S. and Europe has paid off […]
June 1, 2015 (Link to original article) In the latest issue of the London Review of Books, a sociology teacher at the University of Edinburgh manages to successfully explain the history of dark pools to a general audience. In his article “Dark Markets”, Donald MacKenzie, who has been supported by the European Research Council to look into automated trading, goes right back to Instinet setting up the Crossing Network in 1986 and Posit being launched […]
Quincy Data is featured in the Harrington Starr’s FinTech Capital book. An article by Stephane Tyc, “A Technical Solution to Best Execution” is featured in the regulation section. For the full version of The Fintech Capital, click here.
Introduction The Flash Crash of May 2010, the software bug of Knight Capital, NASDAQ’s glitch on the first day of trading of Facebook and the publication of Flash Boys all motivate the calls to improve regulation. Both the SEC and FINRA are examining ways to improve market structure and regulations to prevent any players from having an unfair advantage. Many of the proposed improvements involve reducing the number of trading venues and regulating how an […]
Quincy Data is featured in the Harrington Starr’s FinTech Capital book. An article by Stephane Tyc, “Leading Microwave Market Data to the Mainstream” is featured in the emerging technology section. Click here for the full version of The FinTech Capitol
The Fed Robbery Revisited Riadh Zaatour and Stéphane Tyč Quincy Data December 04, 2013 Abstract We revisit the controversial release of FOMC news on September 18th 2013 using the time stamps generated by the exchanges and included in their raw feed. Our analysis is consistent with a simultaneous release of the information at the CME and at the Nasdaq colocation centres exactly at 2:00:00 pm. Introduction A heated debate followed the FOMC “no taper” information […]
Alexandre Laumonier, Sniper in Mahwah Addenda [12/7/13, 14:10:00:0001 EST] Early October, more or less one week after Virtu published its own data about the Fed Robbery, a top representative of Virtu talked in front of exchanges top executives and said: “Nanex is peddling this nonsense about an early release. [Eric Hunsader] is just 100% wrong. … The problem is that the New York Post and CNBC and the Wall Street Journal and others pick this guy up as an authoritative source. And he really […]
Mon, 04 Nov 2013 03:23:00 GMT In this article, Mike O’Hara, CEO of HFT Review – in conversation with Arnaud Derasse, CEO of Enyx, Stephane Tyc, Co-Founder of Quincy Data and Ron Huizen, Vice President of Systems & Solutions at BittWare – looks at how the combination of microwave and FPGA technology is changing the landscape of market data distribution and consumption, particularly in high performance, low-latency trading environments. In April 2013, Quincy Data, a […]