Lankford: "Firms are looking for ways to...support more queries and users from less infrastructure."
Forbes profiles STAC in its Entrepreneurs section.
“The Securities Technology Analysis Center's (STAC) Benchmark Council is developing two sets of benchmarks to measure data passing through functions to collect and distribute market data, known as STAC-M; and, two sets of specs for execution functions, known as STAC-E.”
Lankford: “This will make the entire process of
technology selection more transparent and efficient for customers and vendors, and hopefully save them time and money”
Lankford: “Those firms delaying latency-related investments today will have to catch up quickly when budgets recover--and perhaps even earlier.”
Daniel May of Spryware: “Standardized benchmarking tools like STAC-M … are taking the guesswork and ambiguity out of comparing systems from different vendors.”
"Reducing latency sometimes goes hand in hand with better efficiency."
"[T]hese new standards and tools will enable [trading firms] to get more leverage out of their technology evaluation efforts.
[Despite] the credit crisis,...Lankford believes this is good timing because the standards can improve the productivity of the financial firms' own engineering groups.
Actually, we believe he said “tens of microseconds…”