A Glimpse into the FIX Protocol

Explore the FIX Protocol — the universal messaging language of global financial markets — and how it powers everything from basic order routing to high-frequency trading systems.

The Anatomy of an Order Book

A closer look at how the limit order book works, and why it’s the foundation of price discovery, liquidity, and trade execution in electronic markets.

The Microsecond Edge: Understanding Latency Arbitrage

A deep dive into latency arbitrage — how high-frequency traders use microsecond advantages in data feeds to gain an informational edge in financial markets.

Using Alternative Data in Trading Strategies

In the search for alpha, traders are turning to non-traditional sources like satellite imagery, credit card data, and even sentiment analysis. Here’s a look at how alternative data is reshaping quantitative finance.