Too Long; Didn't Read
Last week was record setting for the financial markets. Market volume, volatility, and events like the 4.4% one-day point drop in the Dow, the highest ever, have had cascading impacts across calculation, analytics, risk, portfolio accounting, and pretty much every system that touches the markets. At PEAK6 Capital Management, our systems are built for low-latency (in the millis) market analysis and trading strategy execution. The drop last week moved ridiculously fast, only taking six days!