SHORTS OF INTEREST: Pre-Trade Risk Check in 2 Microseconds & More
October 26, 2011
Ullink said it lowered the time it takes for its pre-trade risk check system to work to two millionths of a second. Sybase said its Aleri complex event processing platform will be integrated into Headstrong’s Teevra real-time trade matching program. And Thomson Reuters introduces a system that allows administrators to more rapidly pull in data from multiple sources for monitoring key performance metrics.
TWO MICROSECOND RISK CHECKS
Ullink said it lowered the time it takes for its pre-trade risk check system to work to two millionths of a second.
The global provider of low latency connections and trading services said it achieved the two-microsecond speed with its UL IRIS+ risk management appliance, which uses floating point gate array technology. The speed was achieve working with the OUCH communications protocol, widely used in options markets.
The first version of UL IRIS+ supporting the Financial Information Exchange protocol was released a couple of months ago.
On May25 , Ullink demonstrated pre-trade risk processing at a speed of 3.5 microseconds using UL IRIS+, for a 30-minute steady FIX order flow on at a live breakfast event.
The demonstration showed rejections based on exceeded limits and latency monitoring for pre-trade filter checks.
UL IRIS+ is designed to address the Securities and Exchange Commission’s 15c3-5 market access rule, designed to protect brokers who allow customers to send orders directly to trading venues using their market participation clearance IDs.
http://www.sec.gov/rules/final/2011/34-64748.pdf
UL IRIS+ enables brokerage firms to monitor trading limits in real time, set alerts on multiple criteria and to filter orders before they hit the market.
MULTIPLE STREAMS, INSTANT PROCESSING
Sybase said its Aleri complex event processing platform will be integrated into Headstrong’s Teevra real-time trade matching program, as well as Headstrong’s STRIDE retail trading program.
The Aleri platform, now branded as the Sybase Event Stream Processor, will allow Headstrong to speed up development of financial applications that leverage high volumes of data from multiple sources in real time.
This, in turn, has allowed Headstrong to help one customer achieve instantaneous verification and validation of its trades. Another customer used the flow of “highly enriched” market data to make markets in some securities and to hedge its trades.
Sybase ESP helps software developers create programs that monitor, detect, analyze and respond to events as they occur.
CONSOLIDATING DATA FOR PERFORMANCE MONITORING
Thomson Reuters said the latest version of its Portia middle-to-back office investment operations platform will consolidate access to data for systems administrators.
Portia Centre will allow system administrators to more rapidly pull in data from multiple sources for the monitoring of key performance and operations metrics.
The centre provides system administrators, Thomson Reuters said, with a single console to manage and monitor daily activities such as imports, exports, report batches and performance history. They can also track critical technical data, system health and performance.
