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IBM has become an official innovation sponsor for the Manhattan-based Securities Technology Analysis Centre’s (STAC’s) STAC Lab and has joined the STAC Benchmark Council. As an innovation sponsor, IBM will provide the Lab with its latest BladeCenter systems and IBM WebSphere Front Office for Financial Markets Version 2.0. IBM will, in turn, use the Lab as a foundation for testing workloads such as market data, analytics and execution for financial markets. STAC will add several IBM products to its “Racked-and-STAC’d” list, the inventory of hardware and software products with which STAC is ready to support customer projects. As a member of the STAC Benchmark Council, IBM will contribute to specifications under consideration by the Council’s participating trading firms.

STAC News Release

Technorati Tags: IBM, Securities Technology Analysis Center, STAC, STAC Benchmark Council, STAC Lab, BladeCenter, IBM WebSphere Front Office for Financial Markets

Tibco Software has made generally available Tibco Rendezvous 8.0, the latest release of its messaging software. The vendor says the latest version offers lower and more predictable microsecond latency, improves manageability and delivers the reliability to address IT challenges. With this latest release, the new TIBCO Rendezvous Server In-Process Module Add-on embeds daemon functionality directly into applications for additional microsecond savings, Tibco says, adding that the new release enables up to a 75 per cent reduction in standard deviation from end-to-end message latency.

Tibco News Release

Technorati Tags: Tibco, Tibco Rendezvous, messaging middleware, end-to-end message latency

29West has added a 29West MIB to support SNMP monitoring for its messaging solutions. The monitor will support both the Latency Busters Messaging (LBM) solution for streaming messaging and the Ultra Messaging for the Enterprise (UME) messaging solution. The addition of the 29West MIB provides further monitoring support to the current suite of monitoring capabilities that include: Wireshark dissectors for passive monitoring, API support to gather statistics into your application and aggregated statistics support - which allows application developers to have the messaging statistics automatically gathered at a central machine for system wide monitoring.

Technorati Tags: 29West, 29West MIB, SNMP monitoring, Latency Busters Messaging Solution, LBM, Ultra Messaging for the Enterprise, UME, Wireshark

Deutsche Börse Systems has deployed the latest Corvil 4.0 technology to monitor network performance and support Deutsche Börse Group’s new Eurex market data service to be launched this month. The significant growth in order and quote volumes requires a low latency network that ensures swift data dissemination. “Eurex’s new market data dissemination is a crucial service that is going to significantly enhance our support to algorithmic trading,” says Christian Leis, head of networks at Deutsche Börse Systems. “In a highly competitive landscape where time equals money, even the slightest delay on the network can make the difference for our customers between making a trade or not. With Corvil 4.0 we are now able to monitor our worldwide network on a sub-millisecond basis.”

Corvil News Release

Technorati Tags: Deutsche Börse Systems, Deutsche Börse, Eurex, Corvil, Corvil 4.0, network monitoring

Aspeed Software is the first of Intel’s financial markets software partners to publish performance figures leveraging Intel’s recently introduced Xeon 5400 chip. Benchmarking a single-threaded options pricing application, Aspeed reports that a 5400-based system delivers a 2.2-fold run time reduction while consuming just 13 percent more power, when compared to a Xeon 5100-based system.
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InfiniBand specialist Mellanox is hosting a series of seminars entitled “Accelerating the New Global Trading Markets” in Tokyo, Hong Kong, and Singapore in early December. They will focus on today’s financial applications and the latest technology for accelerating performance of trade execution and bandwidth intensive financial applications.
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The market for low latency messaging middleware is set to rise from $95 million in 2007 to $168 million in 2010, a three-year compound annual growth rate of 107 per cent, as investment banks ramp up spending on the technology to cope with rapidly increasing message volumes, according to forecasts from Tabb Group. The analyst estimates the overall spend on low latency infrastructures will reach $300 million in 2007. This includes message buses, feed handlers, ticker plants, complex event processors, physical transport and data storage and integration of internal and external applications.

Tabb Group News Release

Technorati Tags: Tabb Group, messaging middleware, message buses, feed handlers, ticker plants, complex event processing, data storage

GL Trade, global provider of front to back solutions for international financial institutions, has developed a new connectivity hub in Istanbul to support its growing local operations and enable its clients to benefit from high performance gateways and ultra low latency market data feeds on Turkish markets. The group has developed direct market access via GL Net, its propriety international market data and order routing network. GL Trade already had a presence in Turkey and reports strong interest from local brokers in direct connectivity to the Istanbul Stock Exchange.

GL Trade News Release

Technorati Tags: GL Trade, GL Net, connectivity hub, Istanbul Stock Exchange

Intel Corporation has joined The Securities Technology Analysis Center (STAC) Benchmark Council and has entered into a multi-year lab agreement with STAC as an innovation sponsor. The agreement builds upon a benchmarking relationship that Intel established with STAC over a year ago. Intel has also made a multi-year commitment to provide the Manhattan-based STAC Lab with the latest Intel technologies. This includes its just-announced 45-nanometer Intel Xeon processor 5400 series (Harpertown), which preliminary STAC testing has found to decrease power consumption by 20 per cent over a previous Xeon processor 5300 series (Clovertown) when supporting the same market data workload.

STAC News Release

Technorati Tags: Intel, Securities Technology Analysis Centre, STAC, STAC Benchmark Council, STAC Lab, Intel Xeon Processor 5400, Intel Xeon processor 5300, Harpertown, Clovertown

You’d have thought that several months after we started this website that we’d know what we’re about. I guess we kinda thought the world out there had already decided what is low latency, and what is not. But I guess life isn’t that straightforward.
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