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This monthly bulletin from the Financial Information Forum provides highlights from the FIF Consolidated Capacity Report. The full report is available to FIF members and includes capacity statistics on market data feeds distributed by NYSE Arca, SIAC, Nasdaq, CME and Deutsche Börse.
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Swedbank has selected Eurobase’s Siena Gateway product to distribute high performance FX streaming prices to, initially, the FXall platform. The Siena Gateway will provide Swedbank with a strategic tool for the near-zero latency streaming of prices to various channels, e-FX multi-bank portals and proprietary platforms, the vendor claims. The product has been specifically designed to handle extremely high trade throughput to manage the ever-increasing e-trading volumes and number of execution venues.

Technorati Tags: Eurobase, Swedbank, Siena Gateway, FXall, streaming FX prices,

Interactive Data Corporation’s Real-Time Services business has expanded its geographical reach with a new point of presence (POP) located in Stockholm, Sweden. The new POP provides a local access point designed to provide Interactive Data’s Scandinavian client base with significantly improved performance, regardless of data volume or market conditions. It can also offer cost benefits as customers will be able to connect to the low latency PlusFeed service locally via leased line or co-location of equipment. The connectivity between Interactive Data’s core network and the new POP can allow the entire PlusFeed dataset - including extensive order book content - to be made available locally in Scandinavia, with additional headroom available for future growth in data volumes.

Technorati Tags: Interactive Data Corporation, Interactive Data Corporation’s Real-Time Services, point of presence, POP, PlusFeed, order book content

Euronext and Liffe say their new high capacity trading services have been well received among their customers. Liffe has received orders from more than 60 customers for dual 100Mbps connectivity and orders from in excess of 20 customers for its purpose-built co-location facility, both services which will be available from Q2 2008. Euronext has received orders from more than 20 customers for dual 100Mbps connectivity available from January 2008 and its co-location offering will be made available to customers by the end of Q1 2008. The new 100Mbps broadband access will enable customers to benefit from high speed access to both market data and order entry on Euronext and Liffe markets, to match constantly increasing order flow and market data volumes.

Euronext News Release

Technorati Tags: Euronext, Liffe, co-location, 100Mbps broadband access, market data volumes

This monthly bulletin from the Financial Information Forum provides key data points for market data rates.
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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

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

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

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

This monthly bulletin from the Financial Information Forum provides key data points for market data rates.
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