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Forex Capital Markets (FXCM) has completed its migration from legacy messaging solutions and is in firm-wide production with 29West’s messaging technology in its Forex System Selector system. FXCM services more than 100,000 trading accounts with subsidiaries in London, Hong Kong and Tokyo. Yuri Miroshnikov, CTO of FXCM, says: “We started working with 29West in 2005, and had systems in production in 2006. The success of these deployments made it clear we needed to move to the 29West Latency Busters Messaging (LBM) solutions firm-wide for all our low latency messaging needs. We have used a number of other solutions in the past, but the combination of performance, next generation design and world class support made 29West the clear choice.”

29West News Release

Technorati Tags: 29West, Forex Capital Markets, FXCM, Forex System Selector, messaging middleware, Latency Busters Messaging solution, LBM

Low latency technology provider Wombat is running a fully subscribed pilot of a new middleware solution which it claims enables ultra high performance messaging with minimal data centre resource consumption.

The vendor reckons it has proven the power of Wombat Data Fabric and its ability to provide market-leading density on open, standard x86 hardware by running a full data from OPRA, the US options market, on a single Intel-based server available in a single rack unit (1U) form factor. In the test using a full day of OPRA data, the OPRA feed handler, running on a two socket eight core Intel 5400 Xeon server, published all updates on all symbols to MAMA clients across a single Voltaire network switch. Average CPU utilisation was just 10 per cent, escalating to less than 35 per cent at peaks, with a mean latency of less than 100 microseconds. No speciality or proprietary hardware devices, such as FPGA cards, are required by the solution, reducing cost and complexity when compared with alternative “appliance” approaches, Wombat reckons.

Wombat News Release

Technorati Tags: Wombat, Wombat Data Fabric, OPRA, Intel, Intel 5400 Xeon server, CPU utilisation, Voltaire, Voltaire network switch

Solace Systems, supplier of content networking solutions for enterprises and service providers, has signed an agreement with Actel, a strategy and technology consulting firm specialising in the Asia-Pacific and Middle East/Africa regions, to resell Solace’s complete family of content networking products in China. The agreement covers Solace’s family of content networking appliances and associated hardware blades that enable low latency content processing capabilities directly within the network.

Solace News Release

Technorati Tags: Solace Systems, Actel, content networking solutions, content networking appliances, hardware blades

InfoDyne Corporation, provider of market data technology, has entered into a strategic relationship with Real-Time Innovations (RTI), a middleware provider, to offer RTI’s ultra low latency messaging middleware as an embedded transport option within InfoDyne’s TPS+Plus Market Data Platform. Under this relationship, InfoDyne will package and license RTI’s messaging software along with TPS+Plus and will provide direct support for the integrated solution. All of InfoDyne’s supported datafeeds and system functionality are available as part of the solution.

RTI News Release

Technorati Tags: InfoDyne, Real-Time Innovations, RTI, TPS+Plus Market Data Platform, messaging middleware

Tervela, developer of high performance messaging systems, has named Robert Cramer as CEO, to succeed Barry Thompson, Tervela’s founder, who becomes CTO. Cramer was previously CEO of LiveVault, a Software as a Service (SaaS) provider targeting the IT market. Tervela recently released a hardware accelerated messaging platform designed to give financial institutions the capacity to outpace exponentially increasing market data volumes. In production settings, customers have experienced up to a 1000X improvement in capacity and performance over legacy messaging systems, Tervela says.

Tervela News Release

Technorati Tags: Tervela, LiveVault, high performance messaging, hardware acceleration

RTS Realtime Systems Group (RTS) has entered into an agreement with The Bond Buyer’s RapiData to become the first ISV to provide its users with direct access to RapiData’s new low latency digital economic data feed. The agreement enables RTS to offer users of its algorithmic trading tool, RTD Tango, the ability to incorporate economic news releases into their automated trading strategies – enabling them to instantly react to new information about US inflation, employment, productivity and other indicators.

RTS News Release

Technorati Tags: RTS Realtime systems Group, The Bond Buyer, RapiData, RTD Tango, algorithmic trading

On Point Executions, an agency broker and provider of equity option smart order routing solutions, has announced a 140-fold increase in trading capacity. This has been attributed to the launch of STING, the firm’s new smart order router, as an execution destination on a number of trading platforms. This increase in trading capacity follows a near 600 per cent increase growth in volume in 2007 and a partnership with OptionsXpress allows retail clients access to this technology, now capable of trading 7000 messages per second. Launched in July, STING is billed as the first agency-only smart order router which can connect to all US options markets without activating exchange preferences. By hitting all six markets simultaneously it can execute with both displayed and undisplayed liquidity and this gives higher execution quality by avoiding exchange quote traffic at near zero latency rates, On Point says. Because of this, STING is able to execute liquidity before most order routers can respond.

Technorati Tags: On Point Executions, STING, OptionsXpress, smart order routing, options markets

Aleri, provider of CEP technology, has launched a new Market Liquidity Analysis (MLA) engine, to meet what it says is high demand for a tool to properly analyse market depth. MLA enables consolidation of order books across a number of exchanges in real time to form one single order book showing the liquidity of the entire market. Aleri’s product offers support for full market depth via Reuters RMDS and RDFD servers. Because it can consolidate from multiple order feeds this it is a vital tool for trading in increasingly fragmented European markets post MiFID, the vendor reckons.

Aleri News Release

Technorati Tags: Aleri, Market Liquidity Analysis, market depth, Reuters, RMDS, RDFD, MiFID

Deutsche Börse has expanded its data feeds to include CEF ultra + to help provide lower latency and greater depth in Eurex trading data. This should provide clients with better information on the international derivatives exchange as well as enabling them to select data packages in a more targeted manner through the subdivision of market data into 40 different product groups. This launch coincides with the launch of the Enhance Broadcast Solution in the Eurex System which gives participants unnetted Eurex market data. This data feed corresponds to CEF Ultra +, and so even non participants of the Eurex trading system can access this Eurex data. Using a high performance protocol based on FIX 5.0 clients can easily develop their own applications and CEF Ultra + can easily be integrated into existing IT infrastructures due to the lack of specialist hardware, according to Deutsche Börse.

Deutsche Börse News Release 

Technorati Tags: Deusche Börse, Eurex, CEF ultra Enhance Broadcast Solution, FIX 5.0

BEA Systems has published a benchmark of its CEP offering - Weblogic Event Server - demonstrating microsecond-level latencies when processing one million events per second. The benchmark was run on Intel’s Caneland platform, compring four quad core processors.
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