In the News

By Stephane Tyc For years now we have heard about how banks are under increasing pressure to cut costs. In the post-crisis era, a large proportion of spending has had to be earmarked for upgrading systems to meet regulatory requirements. With the latest annual cost of compliance survey from Thomson Reuters showing that 70% of firms expected regulators to publish more regulatory information concerning requirements (with more than a quarter of firms expecting “significantly” more), […]

The vendor says the QED millimeter-wave wireless service will provide the lowest latencies between Euronext’s co-location facility and other key London datacenters. Joanne Faulkner May 5, 2016 Microwave connectivity provider McKay Brothers International has added equity index futures data from pan-European exchange group Euronext to the Quincy Extreme Data (QED) ultra-low latency wireless data service operated by sister company Quincy Data. Officials say QED subscribers can now receive data on select Euronextinstruments at the lowest […]

After initially focusing on the US and Europe for equities and derivatives, Quincy is now looking to Asia and bond markets. Low-latency market data provider Quincy Data plans to add fixed income data to its Quincy Extreme Data microwave service and expand its footprint to Asia in 2016, after completing its London offering at the end of last year. In December, Quincy’s sister company, microwave network provider McKay Brothers, completed its UK millimeter wave network […]

Observing News Propagation written by: Stéphane Tyc and Imad-Eddine Srairi   Abstract Large and sudden changes in prices in broad market indices reflect the release of macro news. The detailed observation of the times of these moves can provide lower bounds for the time of transmission of information between data centres. We have studied one macro events and provide our findings. The propagation of news on land in the United States is well explained by […]

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 […]