Low-Latency.com

Real-Time Innovations (RTI) recently held a seminar ‘Straight Talk About Low-Latency, The Value of a Millisecond’ which highlighted the relationship between the technical minutiae of low latency systems and the business issues related to electronic trading.

Low-Latency.com caught up with John Akbari, Director of Financial Market Business Development at RTI, to find out some more about what was discussed, and to shed more light on the technicalities.

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Tibco Software has made its first foray into hardware with the unveiling of a hardware messaging appliance specifically designed to accelerate the capabilities and performance of its low-latency Tibco Rendezvous messaging software.

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IBM has acquired InfoDyne Corp., a provider of market data feed handling and integration software.

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29West has formed a partnership with Skyler Technology to deliver joint best of breed offerings to the two companies’ mutual market base. The combination of market messaging from 29West, together with Skyler’s flexible liquidity discovery, data analytics and order routing capabilities, delivers a complementary offering to their customers, according to the vendors.

29West News Release

Technorati Tags: 29West, Skyler Technology, market messaging, liquidity discovery, data analytics, order routing capabilities

Solace Systems, supplier of low-latency content networking solutions for enterprises and service providers, has launched the Solace 3260 Content Router, the next-generation platform in its 3200 Series Content Networking System product family, capable of processing millions of messages per second thanks to its modular hardware blades and microsecond latency, claims the vendor.

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US-based high-performance messaging middleware provider 29West and Intelligent Wave Inc (IWI), integration specialist in network technologies serving the financial services industry, have formed a technology and business partnership under which IWI will be providing 29West ultra-low latency solutions and technical support to securities firms and other financial institutions in Japan.

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B2N has chosen Latency Busters Messaging (LBM) from 29West to transport data on its low latency platform. 29West’s LBM is a fast streaming messaging system targeted specifically at market data applications. The new transport uses B2N’s data representation protocol - OneThreeSeven (OTS) - capable of shrinking the size of a standard message from 200 bytes to approaching 100 bytes, improving both throughput and latency by almost 50 per cent, the vendor claims. With a local presence in the UK, Europe and the US, B2N delivers to its customers the MarketHub platform, transporting low latency financial market data.

Technorati Tags: B2N, 29West, Latency Busters Messaging, LBM, OneThreeSeven, OTS, MarketHub

Tervela, provider of high-performance messaging systems, says its Tervela Message Network, officially launched in September 2007 (Low-Latency.com, September 19 2007), can process more than 10 million messages per second in a real-world test environment. Tervela’s fault-tolerant message switches can route US market data – including all equities, derivatives, commodities and FX instruments – and send it out to more than 1500 subscribers.

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PrismTech, provider of high-performance middleware and development tools, will host a webinar on how OpenSplice DDS can address the challenges faced by financial trading applications due to the exponential growth in message rates and the continual quest to reduce trading latencies. The webinar will explore how middleware infrastructures enabling next-generation financial applications must handle several million messages per second, minimise delivery latencies and jitter, and maintain overall system stability and reliability. The webinar will be held on February 20 2008 from 9.00am to 10.00am US ET and will be repeated again at 2.00pm to 3.00pm US ET.

PrismTech News Release

Technorati Tags: PrismTech, OpenSplice DDS, high-performance middleware

UniCredit Group’s Markets & Investment Banking Division has implemented Tibco Rendezvous as the low latency messaging platform underpinning its European Index Arbitrage Trading business. Employing complex high frequency trading strategies, the European Index Arbitrage Trading Group takes advantage of temporary discrepancies between the prices of securities comprising an index and the price of a futures contract on that index. Rendezvous has been implemented for low latency and scalable distribution of market and pricing data between the program trading systems underpinning the business’ strategy.

Technorati Tags: UniCredit Markets & Investment Banking, Tibco, Tibco Rendezvous, high frequency trading, program trading