In terms of pre-trade controls for sponsored access users, “You get a different answer from every different exchange,” admits Mishoe.Īccording to Mishoe, demand for sponsored access in Europe is highest among high-frequency trading firms that want to access multiple markets at low latency without having to invest in the underlying connections with individual exchanges, and tier-two banks and brokers that are less concerned about latency but do need managed access to exchanges across the region.īut the service SunGard offers in Europe is really “high-speed direct access” to exchanges, says Mishoe, rather than the sponsored access it offers to clients in the US. For two of the three MTFs, the trade is sent from the client through SunGard’s own high-speed pipes and across the firm’s risk management controls before being delivered to the venues’ matching engine.įor a third MTF, BATS Europe, the trade must pass through an additional risk management ‘layer’, managed by the venue, before being admitted for execution. Trading technology firm SunGard can now route trades from buy- or sell-side clients directly to three European multilateral trading facilities (MTFs), and does so for at least one high-frequency trading client, according to David Mishoe, managing director, SunGard Trading. Updated on April 16, 11:01 UTC with an update from OpenEthereum.Europe’s sponsored access market has no shortage of suppliers, but demand for the service is being hampered by a lack of consistency on how it differs from standard direct market access and where responsibility lies for risk controls. (Updated at 12:53 UTC with a section about OpenEthereum issues. No Optimism For Ethereum In March - L2 Scaling Solution Delayed ETH 'Insanely Cheap,' DeFi To Rally, BTC Dominance to Drop - Pantera Capital CIO Mark Cuban Praises Ethereum and Keeps Buying Bitcoin Unlike Bitcoin, Ethereum's ATH Was Driven by Relatively Small Demand - Analyst Ethereum Fees Decline as Analysts Point to Bots as Cause "Market participants have increasingly turned to Ether futures to hedge against ether price movements, as indicated by the growing around-the-clock trading activity," CME said. In two months since the launch, more than 34,000 total contracts were traded (ETH 1.72m equivalent), averaging 820 contracts traded daily (ETH 41,000), while 36% of overall volume came from outside the US. Meanwhile, as ETH rallied in Q1, hitting several all-time highs along the way, CME ETH futures saw "rapid growth" in customer interest and participation since their launch on February 8.Įther futures reached two new records on April 7: volume at 2,247 contracts (ETH 112,500 equivalent) and open interest at 1,822 contracts (ETH 91,100 equivalent). The next upgrade will be London, which would include the hotly debated EIP-1559, and which is estimated to happen in July. Source: īerlin follows the Istanbul and Muir Glacier upgrades, and had first been deployed on the testnets during March. Meanwhile, shows that the gas price (in gwei, a measure of gas prices.) dropped further today, to 62, compared to 187 gwei on April 14. Coinbase said that the ETH and ERC-20 withdrawals have been re-enabled, and so did Bitstamp. Stefan George, Co-founder and CTO at prediction market platform Gnosis (GNO), was among those who notified the community that a fix for the issue has been found as a result of "a big team effort across client teams with many core devs involved."Ī couple of hours into testing the fix, Etherscan announced that they are fully synched, while BitGo stated that the incident has been resolved. Several hours later, OpenEthereum announced a new release that includes a fix for the Berlin Upgrade consensus error, stating that the issue has been resolved.
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