Many customers ask us whether our managed environment or standalone software is the right fit for their trading desk. The traditional Standaone Software model is straightforward: buy the software, procure a server, arrange colocation and connectivity, and operate the infrastructure yourself. Nanoconda Managed is a new way to achieve the
Nanoconda now supports direct integration with Sierra Chart. Traders can use Sierra Chart as their trading front end while connecting directly to Nanoconda for CME market data and order execution. The integration uses Sierra Chart's DTC protocol and is available with Sierra Integrated Packages. Description of Service Packages
One of the most common requests we've received from customers is simple: "Can I build my own GUI?" Until now, the answer was "yes, but..." You could monitor your trading session remotely, download trade logs, and perform account management actions such as flattening positions
One of the biggest challenges in backtesting and simulation is that fills often look far better than they would in live trading. To help bridge that gap, we've added support for market data-based latency modeling in the Nanoconda Simulator. The simulator can now dynamically introduce latency based on
A new DOM Window has been added to the Nanoconda GUI. It provides a more intuitive and visual way to monitor where an algorithm is positioned relative to the market, making it easier to understand current market conditions, working orders, and execution activity at a glance. The DOM also enables
One problem eventually shows up in almost every serious HFT environment. The strategy evolves faster than the tooling around it. New risk controls get added. New diagnostics become necessary. Traders want different controls exposed. Operations wants more visibility. Developers want internal metrics during live sessions. Traditionally, this turns into a
futures
CME Fills: MDP 3.0 Trade Summary vs iLink private Fills latency It is commonly understood that CME private fill confirmations are delivered ahead of public market data. In this study, we set out to validate and quantify this assumption using real measurements. By matching market data events with corresponding
Engineering Tips
Using Databento DBN Files with the NanoConda Trade Simulator The NanoConda Trade Simulator and backtesting engine now support Databento DBN files. This integration enables cost-efficient, high-fidelity strategy testing without the complexity of working directly with raw PCAP files. Compared to packet-level replay, DBN-based workflows are easier to manage, faster to
futures
CME Trades: Message Ordering and Latency Whenever a trade occurs on a CME matching engine, the exchange disseminates such information in a sequence of messages. A few important observations: 1. The exchange disseminates a Trade Summary Message first for any trade. 2. 85% of the time other updates, such as
futures
What Is CME iLink? CME iLink is the CME Group's official order entry protocol - used by trading systems to submit, modify, and cancel orders directly into the CME Globex matching engine. It forms the backbone of CME's direct market access (DMA) for futures and options
lowlatency
What are market data gaps and how to deal with them In the world of high-performance trading systems, accurate and timely market data is paramount. Yet even in the most robust infrastructures, market data gaps—missing or out-of-sequence messages—are an unavoidable reality. Understanding how they occur, how to detect
futures
What Is Order Book Imbalance? Order book imbalance is a key concept in market microstructure that helps traders interpret short-term supply and demand pressure in financial markets. It refers to the relative difference between the volume of buy orders (bids) and sell orders (asks) visible in the order book at