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June 2013

xCelor LLC announces device to copy market data in two nanoseconds

June 26, 2013 by mikeohara   Comments (0)

June 25, 2013: xCelor LLC based in Chicago Illinois is pleased to announce that it is taking orders for XPR.  The XPR is a Layer 1 rack-mounted device which can multiplex data received on one port out to multiple ports, with a port-to-port latency of two nanoseconds and zero jitter.

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Quincy Data Adds NASDAQ ETFs and Extends Latency Advantage on Carteret-Aurora route to 4.11 milliseconds

June 26, 2013 by mikeohara   Comments (0)

Quincy Data Adds NASDAQ ETFs and Extends Latency Advantage on Carteret-Aurora route to 4.11 milliseconds

Quincy Also Launches NJ Local Wireless Market Data Service

Quincy Data, LLC (www.quincy-data.com) has added highly liquid ETFs to its industry-leading Quincy Extreme Data (“QED”) service. QED now delivers the most liquid equity ETFs sourced from NASDAQ’s Carteret, NJ data center to CME Group’s  data center located in Aurora, IL in only 4.11 milliseconds rack-to-rack, a latency believed to shatter another industry record.   ETF data is also available locally over Quincy’s NJ metro wireless service, currently connecting Carteret and Secaucus: with Weehawken and Mahwah forthcoming.

“We are extremely pleased to add ‘westbound’ market data to our six month old ‘eastbound’ CME Group offering at what we believe is the lowest latency available,” says Stéphane Tyč, Quincy’s Co-Founder. “Highly liquid ETF data and microwave speed create a powerful tool for our clients to use in their hedging and trading strategies. Risk managers and traders know that fast, reliable market data is essential to their success.  Quincy strives to exceed expectations for data, speed, service and reliability.  With no installation charges, 3 month subscriptions, a small company discount, and an à la carte data offering, QED is a game-changer for firms with or without the means to acquire their own microwave channels.”

“You cannot find excess latency in our data, or in our rollout!” remarks Jim Considine, Quincy’s Director of Business Development and Strategy. “We implemented full FPGA feed handlers and hot failover this quarter, while extending the QED service to Carteret, Cermak and Slough data centers.   The complete NJ rollout continues apace.  The addition of ETF market data is an important milestone in our mission to provide trading desks large and small with the best market data solution for latency sensitive trading and risk management.  Quincy’s robust infrastructure – with best-in-class elements at every step and an expanding set of data sources -- creates a compelling offering to financial firms where they need it most and on terms that will please the back office as much as the front office.”

In addition to ETF data, Quincy provides CME, CBOT, NYMEX and COMEX data in CME Group’s Aurora data center and Cermak located in downtown Chicago; Secaucus NY4 and Carteret in NJ; and Slough in London. 
Quincy delivers the lowest known latencies for any commercial service, including those in production and known to be in development.  QED subscribers have enjoyed lowest known latency for CME, CBOT NYMEX and COMEX data in multiple NJ colocation centers since the service went live in December 2012.

Additional information about the QED Service, including latencies and pricing, is available at www.quincy-data.com.

About Quincy Data, LLC
Quincy Data is a provider of extremely low latency market data services, powered by the McKay Brothers Microwave Network. The Quincy Extreme Data (QED) Service sources data from multiple US financial exchanges and offers an integrated and normalized feed in exchange colocation centers in the Chicago, New York and London metro areas.  Live since 2012, Quincy is dedicated to being the low latency market data provider of choice among electronic trading desks large and small.
 
About McKay Brothers, LLC
McKay Brothers is a specialty microwave telecommunications company: dedicated to designing, engineering, building and operating best-in-class low latency networks between financial centers. McKay's long haul microwave solutions have been in production with live customer trading since mid- 2012: offering latencies far below best-in-class fiber optics and often the lowest known latency available.  Additional information is available at www.mckay-brothers.com.
 
CONTACT: Quincy Data Media Relations, contact@quincy-data.com 

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Interactive Data and ULLINK strengthen partnership with new client

June 20, 2013 by mikeohara   Comments (0)

Bank Degroof latest client accessing Consolidated Feed content  via ULLINK trading platform 

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BCS Granted FCA Authorisation; Launches International Brokerage Arm

June 20, 2013 by mikeohara   Comments (0)

London, 20th June 2013: BCS Prime Brokerage Limited (‘BCS’), an independent Russian financial institution, has been granted UK regulatory authorisation by the Financial Conduct Authority (FCA), to deal and advise on investments and hold client assets, thereby marking the official launch of its international brokerage business.

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Azul Systems Teams-Up with Rapid Addition to Deliver Low Latency, Jitter-Free Trading Engines

June 19, 2013 by mikeohara   Comments (0)

London, UK and Sunnyvale, California – 20 May 2013:  Rapid Addition, a leading provider of trading technology to buy- and sell-side financial institutions, has joined forces with Azul Systems, the award-winning supplier of high-performance and elastic Java Virtual Machines (JVMs). Rapid Addition’s Cheetah FIX engine will support Azul’s flagship Java runtime, Zing™, to offer clients low latency, jitter-free Java trading engines.

A key catalyst for the partnership is the growing client demand for increased transaction rates, consistent response times and high sustained throughput. The joint solution will provide banks and brokers with an effective, reliable and high performance trading engine that provides a competitive edge in an increasingly high velocity market.

Azul’s Zing JVM is the new performance standard for today’s high-velocity, Java-based electronic markets that demand predictable and reliable real-time behaviour. Optimized for ultra-low latency DMA, algo-trading, and order matching, Zing takes Java performance to the next level by eliminating the pauses and latency spikes that can adversely impact trading operations. Zing also includes a zero-overhead management and monitoring tool, designed for production-time diagnostics and performance analytics.

The leading FIX engine from Rapid Addition, RA-Cheetah, gives consistent low-latency performance and exceptional reliability through measurement testing. RA-Cheetah is built using Rapid Addition’s advanced low latency Generation Zero technology, which ensures no runtime garbage collection in either the JAVA or .NET implementations of the FIX engine.

Given both companies’ products aim to eliminate the effects of garbage collection it is especially impressive that the combination of Zing and Cheetah yields yet higher performance. Comparisons with Cheetah running on Oracle’s JRockit compared to other JVMs show performance increase and a meaningful reduction in latency. Yet the results of testing Zing and Cheetah illustrates how the performance of the Azul Zing JVM can benefit even solutions that have already eliminated garbage collection and have already been tuned and optimized.

Kevin Houstoun, Chairman at Rapid Addition, said: “Azul Systems has demonstrated the strength of Zing though extensive testing and we believe this high-calibre product provides a perfectly complementary set of capabilities for organizations using RA-Cheetah. This venture will enable us to satisfy the requirements of current clients, in their desire to remain market-competitive, while illustrating to a wider audience the first-class results that are possible through the use of Rapid Addition’s solutions.”

Scott Sellers, Azul Systems’ CEO added: “Both latency and jitter are significant and expensive obstacles in today’s trading environments. The combination of Zing and RA-Cheetah offers a pioneering solution that will give clients better predictability, control, and performance. We look forward to a continued relationship with Rapid Addition as both our products, and client needs, develop over time.”

Notes to Editors:

About Rapid Addition

With clients worldwide, including banks, brokers, corporates, exchanges, hedge funds and investment managers, Rapid Addition is the leading provider of FIX and FAST related software solutions to the global financial community. Company founder and Chairman Kevin Houstoun is the designer of the FIX Repository for FIX Protocol Limited (FPL). Mr Houstoun co-chairs the FPL Global Technical Committee and is an active member of the FPL Global Steering committee. He is also a member of the lead expert group for the UK Government’s Foresight Committee on the future of computer-based 
trading.

Rapid Addition is a technology partner of Microsoft and founding member of Intel Low Latency Labs. Rapid Addition is the only FIX vendor to continuously test their products in the labs.

For further information, please visit www.rapidaddition.com

About Azul Systems

Azul Systems delivers high-performance and elastic Java solutions with unsurpassed scalability, manageability and production-time visibility. Designed and optimized for x86 servers and enterprise-class workloads, Azul's Zing JVM is the only Java runtime that supports highly consistent and pauseless execution for throughput-intensive and latency-sensitive applications within the financial services and real-time advertising sectors. Azul's enhanced Java technologies also enable organizations to simplify Java-based operations by deploying fewer instances while achieving lower average latencies, greater response time consistency and dramatically improved operating costs.

For further information, please visit 
http://www.azulsystems.com/solutions/low-latency-resources

For media enquiries please contact:
Adam Honeysett-Watts or Anna McCaul

Hume Brophy
+44 (0)20 3440 5656
rapidaddition@humebrophy.com - See more at: http://www.rapidaddition.com/news/azul-systems-teams-up-with-rapid-addition-to-deliver-low-latency-jitter-free-trading-engines.html#sthash.ghPnWdRp.dpuf

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