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Nyfix Taps Skyler For New Order Book

From A-Team Group’s Transaction Networks & Technologies, January 2007: Nyfix Inc has implemented Skyler Technology’s C3 Database for its new order book server to handle what it terms “drastically increasing quote and order book data volumes”. The deal marks Skyler’s first major contract since it entered the high-performance financial data handling space last summer.

Nyfix’s deployment of its new order book server is aimed at providing clients with access to liquidity pools, while keeping pace with major increases in data volumes. The initiative was driven in part by RegNMS, which will result in higher data volumes and a greater number of liquidity pools, in turn requiring the likes of Nyfix to re-architect their infrastructures in order to keep pace while offering full visibility of a broad range of execution venues.C3 combines a real-time cache, a stream processing engine and a time-series database. Skyler says the cache is capable of delivering more than one million messages per second into its time-series database or other relational database management system. As a platform, Skyler says, C3 is capable of delivering value-added, derived data at rates as high as 200,000 messages/second. These value-added data types could include calculations of total volume, open/high/low/closes or VWAP values. The platform makes use of 64-bit computing for the database and runs in Linux, with ports available to Windows and Solaris. The APIs and GUIs are 32 or 64-bit and can work with any kind of operating system.

The initiative has been led by Nyfix chief technology officer Don Henderson and chief architect Steve Schiff. According the Henderson, the Skyler C3 Order Book “gives us sufficient headroom and flexibility to keep pace with the drastically increasing quote and order book data volumes. It also allows for easy adaptation to additional liquidity pools or changing regulatory requirements.”

Adds Schiff: “The Skyler C3 order book provides aggregation across multiple venues and maintains the full depth and breadth of the order book in real time. We have benchmarked the system and it has yielded impressively positive results. Plus, installation and setup were completed in less than an hour.”