STAC Summit, 29 Oct 2019, Chicago

STAC Summits

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STAC Summits bring together CTOs and other industry leaders responsible for solution architecture, infrastructure engineering, application development, machine learning/deep learning engineering, data engineering, and operational intelligence to discuss important technical challenges in trading and investment.

Come to hear leading ideas and exchange views with your peers.

Important Information:
Please allow extra time to arrive at the Willis Tower. At the lobby, present your photo ID and let the receptionist know that you are attending the STAC Summit at the Metropolitan Club.

Partial Agenda

We're in the process of finalizing some really great content for this event.
To see complete agendas from past STAC Summits, click here.


Big Compute Big Compute

Fast Compute Fast Compute

Big Data Big Data

Fast Data Fast Data


STAC Update: Big ComputeBig Compute   

Michel will discuss the latest research and activities in compute-intensive workloads such as deep learning and derivatives risk.

Why a single C++ API makes sense for heterogeneous compute infrastructureFast DataBig Data   Fast Compute   Big Compute   

The future of computing in finance certainly seems heterogeneous. It’s a fair bet that in the coming years, optimizing the latency, throughput, and cost efficiency of a given workload will increasingly require some combination of scalar (CPU), vector (GPU), matrix (AI) and spatial (FPGA) processors. These architectures require an efficient software programming model to deliver performance. As we often discuss at STAC, high-level languages like Python or frameworks like Spark make it relatively easy to deal with this diversity, since they allow for highly optimized platform-specific libraries under the covers. But what about programs written in C++? Many performance-obsessed programmers prefer C++ because it provides the greatest exposure to the capabilities of underlying hardware. With that exposure, however, comes a requirement to code to the specifics of the hardware, making coding difficult and non-portable. Furthermore, attempts to program FPGAs in C++ have historically suffered in terms of performance. In short, no one has yet come up with a market-winning answer to the tension between performance, portability, and ease of use. However, as a provider of all of the processor types above, Intel has developed a point of view on the best approach to these challenges. As a senior technologist in Intel’s compiler team, Vladimir will articulate that point of view as well as outline how Intel is putting it into practice through its OneAPI initiative (including architecture, tooling, and development status).

Innovation RoundupBig Data   Big Compute   
  "Accelerating Applications with the Xilinx Quantitate Finance Library"
    Alastair Richardson, Global Business Development – Financial Technology, Xilinx
  “FPGAs accelerating AI for financial services”
    Ray Prado, Intel
  "Simplifying Deep Learning Infrastructure with Dell EMC"
    Boni Bruno, Chief Solutions Architect, Dell EMC
  "No More Tiers: Radical Flash Savings to Redefine AI and Market Data Storage Infrastructure"
    Rocky Zayed, Senior Sales Engineer, Vast Data
  "Operational Intelligence for the Digital Factory"
    Nick Kirsch, President & Founder, atsu


STAC Update: Big dataBig Data   

Michel will discuss the latest research and activities in data-intensive workloads such as tick analytics and backtesting.

Innovation RoundupBig Data   Big Compute   
  "New optimization strategies for in-memory analytics using Optane persistent memory"
    Speaker to be announced, Kx
  "Simpler historical updates management"
    Dan Romanelli, USAM for QuasarDB
  "Scale-in Software for Capital Markets Computing"
    Matt Meinel, SVP of Sales, Business Development and Solutions Architecture, Levyx
  "Enabling Low Latency Market Data Applications with Storage Class Memory"
    Charles Fan, Co-founder and CEO, MemVerge
  "Benchmarking: Then and Now"
    Theo Schlossnagle, Founder and CTO, Circonus


Drinking from the firehose: streaming ingest benchmarksBig Data   Big Compute   

Most of the fast data that flows through a financial organization winds up as big data. That is, it's captured in a database somewhere for analysis, either immediately or later. But the process of ingesting high-volume streaming data and making it available through visualizations or query interfaces is challenging and getting more so. This session will examine empirical data from two examples in this problem domain. Peter will first present a benchmarking project on a visualization system designed specifically for realtime streaming data. Then he will present a proof of concept of database ingest tests using event-driven datastreams, which will be proposed for consideration by the STAC-M3 Working Group.

Additional analytics technology sessions to be announcedBig Data   Big Compute   



STAC Update: Fast DataFast Data

Peter will discuss the latest research and activities in latency-sensitive workloads such as tick-to-trade processing.

Innovation RoundupBig Data   Big Compute   
  "Exegy Xero – Setting a New Benchmark for Tick-to-Trade Speed"
    David Taylor, Chief Technology Officer, Exegy
  "Cracking the code on FPGA: How Enyx is making hardware performance more accessible."
    Laurent de Barry, Founder & Managing Director, Enyx
  “NBBO and ETF Calculators”
    Cliff Maddox, Director of Sales, NovaSparks
  "Mellanox LowEST Latency Ethernet Solutions"
    Brian Grant, Brian Grant, Mellanox


How hard could it be? Understanding network traffic at the picosecond level Fast Data   

The proliferation of double-digit nanosecond (FPGA based) trading systems is forcing firms to measure things at finer and finer accuracies. Several vendors now offer sub-nanosecond or “picosecond-scale” network measurement technologies. Firms that make use of such technologies need to consider what other changes, if any, they need to make to their measurement infrastructure as a result. Is it feasible to simply “drop in” picosecond scale network measurements, or are fundamental changes in thinking required? In this session, Matthew will offer theoretical and practical viewpoints on the implications of picosecond-scale network measurement techniques. To illustrate these, he will refer to Exablaze’s work with STAC to “upgrade” certain STAC benchmarks to accuracies better than a nanosecond.

Innovation RoundupBig Data   Big Compute   
  "Winning the Race: Ultra-Low Latency with LDA"
    Vahan Sardaryan, Co-Founder and CEO, LDA Technologies
  "Do you really know what happens inside your FPGA?"
    Frederic Leens, CEO, Exostiv Labs
  "In production: better than 100 nanos accuracy with NTP and PTP, fault tolerance, and forensic traceability."
    Victor Yodaiken, CEO, FSMTime


Why accuracy-driven markets will transform tradingFast Data   Fast Compute   

As we've discussed many times at STAC, liquid markets have been in a positive-feedback loop between determinism and latency for the last several years. In an effort to improve fairness, exchanges and other trading venues have become more deterministic, increasing the likelihood that orders that arrive first are executed first. Reducing this uncertainty for trading firms has increased the return those firms can get from reducing their latencies by small increments. The more these firms reduce their tick-to-trade latencies, the larger the impact that small uncertainties in trading venue processing can have on fairness, hence the more pressure venues feel to improve determinism even further. According to Dave, some venues see a way out of this vicious cycle: much more accurately determining which orders arrived first. To the extent this is possible (and Dave will present evidence that it is), venue applications can use these arrival times to determine execution order, thus relaxing the need for deterministic infrastructure. But what will this imply for trading firms? Will this simply replace the determinism-latency cycle with an accuracy-latency cycle that is perhaps even more demanding? Come to hear Dave’s view and join in the discussion.

~4:00pm Networking Reception

About STAC Events & Meetings

STAC meetings bring together industry leaders to focus on challenging areas of financial technology. They range from large in-person gatherings (STAC Summits) to webinars and working group teleconferences. 

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