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Fastpass and SEC Probe

Fastpass, A Centralized “Zero Queue” Datacenter Network, MIT, here.

Fastpass is a datacenter network framework that aims for high utilization with zero queueing. It provides low median and tail latencies for packets, high data rates between machines, and flexible network resource allocation policies. The key idea in Fastpass is fine-grained control over packet transmission times and network paths.

A logically centralized arbiter controls and orchestrates all network transfers.

John McCrank, Reuters, Exclusive: SEC targets 10 firms in high frequency trading probe-SEC document, here.

The firms listed are Allston Trading LLC; Hudson River Trading LLC; Jump Trading LLC; Latour Trading LLC, which is an affiliate of Tower Trading; Merrill Lynch, Pierce, Fenner & Smith, owned by Bank of America Group; Octeg LLC, which has been merged into a unit of KCG Holdings Inc; Tradebot Systems Inc; Two Sigma Investments LLC; Two Sigma Securities LLC; and Virtu Financial.

They are all some of the largest trading firms in the U.S. Allston and Jump are both based in Chicago. Hudson River, Latour, Merrill, Two Sigma, and Virtu are headquartered in New York. KCG is in Jersey City, New Jersey, and Tradebot is based in Kansas City, Missouri.

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