Sameer "El Jefe" Soleja

We Are Molecule

At Molecule, we definitely Do Things a Certain Way. As our team has grown, we’ve thought at length about what that means.

Why bother? Well, we want our team members to be independent and share their awesomeness with us (why would we have hired them otherwise?), so we have more awesomeness to share with our customers. At the same time, we want to give our customers a consistent, fantastic experience every time they interact with our team or our product.

I believe that if everyone at Molecule has a shared framework for decision-making, then we can make similar choices independently. Given that, the results of a decision made by anyone on our team (regardless of implementation) should ultimately reflect what we as a company strive to do. That’s what matters.

Without further ado, and after much debate, refinement, and more debate, we’re proud to share our Values with you.

We are Molecule.

  • We own Molecule in big and small ways.
  • We want the best for Molecule and for each other.
  • We succeed as a team and fail as a team.
  • We make a meaningful impact on the enterprise software industry.

We do what’s best for the customer.

  • We provide the best approach to meet customer needs.
  • We strive to have secure, pragmatic and informed solutions.
  • We challenge the status quo by starting with first principles.
  • We want customers to achieve the maximum with minimal effort.
  • We challenge our solutions and are not afraid to toss them out the window.

We strive to be world-class.

  • We hire the best Molecules.
  • We work hard and smart, and continually learn.
  • We try hard things, ask questions, and teach others.
  • We do not fear mistakes - but we fail quickly and learn from them.
  • We reach for the unreachable.
  • We fight for what we believe is right.
  • We accept constructive criticism gracefully - from anyone, to anyone.
  • We set clear goals and use data to evaluate the best course of action.

We embrace diversity of race, gender, creed, culture, ability, orientation, and technology.

  • We use welcoming and inclusive language.
  • We respect differing viewpoints and experiences.
  • We focus on what is best for the community.
  • We show empathy and compassion towards other community members.

We love technology.

  • We believe technology can help humanity do great things.
  • We learn from seeing how others use technology in new and wonderful ways.
  • We are comfortable with, and excited about, technology.
  • We make and use the best and most beautiful technology.
  • We embrace bleeding-edge tech.
  • We love open source and contribute to the open source community.

We give back to the world.

  • We share what we learn with the community.
  • We help other entrepreneurs and new companies.
  • We contribute to our physical and our online communities.
  • We leave our communities better than we found them.

OpenLink and Allegro try to "go cloud"

We've been hearing rumors of OpenLink and Allegro announcing new offerings this year, with a focus on the cloud. We're happy the industry is coming around to our line of thinking!

That said, among the primary benefits of a cloud solution are:

  • Transparent updates
  • Quick installs
  • Fast response time, delivered efficiently
  • Lower total cost of ownership (TCO)

Simply installing a piece of packaged software on a cloud-facing server, doesn't provide these benefits. Neither does simply changing a pricing model so that it amortizes differently. From what we can tell, the legacy-vendor cloud solutions still have a long way to go. An app (and its surrounding business) has to be built from the ground up, to make use of multi-tenancy, infrastructure improvements, and a service-incentivized sales model.

Molecule is. It remains to be seen whether the others will be.

Nasdaq NFX: Why is it so Hard?

In the last year, we've had customers interested in trading on Nasdaq's new NFX exchange. From what I can gather, NFX has been a price leader on super-liquid contracts, and traded volumes have been growing regularly.

But we don't connect to Nasdaq currently -- either for market data or for trade downloads. The reason is simple: it's way too expensive. Last I checked, connecting to NFX for drop copy requires:

  • A physical server sitting in Carteret, NJ, or
  • A hardware VPN connection using a physical Cisco-branded box.

Getting end-of-day market data requires something similar. (edit: not anymore!) This is hard for a number of reasons, not least of which is cost. Buying a Cisco-brand VPN box costs money. Getting a service contract for it costs more. Finding a specialized engineer for Cisco hardware adds to that price, and renting space at a server farm willing to house your little Cisco box costs even more than that. All of this, of course, is far less expensive than leasing a slot in Carteret.

This is all ridiculous, because:

  • End-of-day market data is not anything secret. In fact, according to our friends at ICE, it's public information under the Commodity Exchange Act.
  • Trade data is secret, but both ICE and CME provide adequate security through their FIX APIs. The CME even has an awesome new API that we've made an open-source adapter for.
  • Requiring a hardware VPN completely rules out the use of services like Amazon's AWS, which is the virtual data center that pretty much every tech startup I know, uses. Doing so requires tech companies to build out a whole set of server infrastructure, just to connect to Nasdaq NFX.

I'm not sure why all this is the case. The most apparent reason is that Nasdaq relied on legacy, proprietary, low-latency equities infrastructure when they launched NFX.

That's massive overkill for most of the customers we've seen in energy. We hope the guys at Nasdaq will make their services easier to connect to -- ditching the hardware VPN requirement for drop copy, and making end-of-day market data public, the way ICE and CME do. We'd love to add seamless NFX reporting for all of our customers. Making it easier to do, would help us do that.

Update, October 20, 2016:
Nasdaq has now made their end-of-day market data public. Thank you!