MSP TODAY NEWS

Exegy Journal Replay Addresses Electronic Trading

By Paula Bernier

When it comes to electronic trading, timing is everything. To address that reality, Exegy Inc. this week introduced a managed service called Exegy Journal Replay.

“The capabilities of Exegy Journal Replay allow market participants to respond to competitive pressures to reduce latency and to improve execution quality, corporate mandates to bolster system stability and to lower operational risk, and regulatory requirements to prove the capacity and resiliency of trading systems,” said CEO James O'Donnell. 

O’Donnell added that Exegy clients had been requesting that the company enable precision testing of their applications and related infrastructure that already rely on Exegy market data appliances. Exegy Journal Replay is enabled by the company’s fully managed appliances, which sit at customer data centers and record raw market data packets from various real-time market data feeds.

The appliances timestamp each packet. Those timestamps, which are accurate to within 20 nanoseconds, enable the appliance to reproduce traffic patterns with high precision when replaying market data. This solution also scales to address varying traffic patterns. The ability to scale and synchronize across feeds is a differentiator for Exegy Journal Replay, according to CTO David Taylor.

The importance of solutions that address the unique aspects of market trading was illustrated several years ago following the so-called flash crash that sent the Dow down nearly 1,000 points within seconds. Every second – or even millisecond – can make a significant difference, whether you’re talking about the quality of delay-sensitive traffic, the end user experience with cloud-based services, or the ability to trade fairly (or quickly halt trade, when needed).

“Managed services are benefitting many firms by helping develop and maintain robust trading infrastructure at a low cost. As the industry landscape continues to evolve, technological advances have radically increased the speed of trading and transactions. Financial firms continue to demand low-latency market access and support for their entire trading infrastructure,” according to this article by The TABB Group LLC.




Edited by Alicia Young

Executive Editor, TMC

SHARE THIS ARTICLE
Related Articles

IoT Time Podcast S.4 Ep. 21 Ericsson

By: Ken Briodagh    7/18/2019

In this episode of IoT Time Podcast, Ken Briodagh sits down with Warren Chaisatien, Global Director, IoT Customer Marketing, Ericsson, to talk about I…

Read More

Six Ways the Supply Chain Benefits From the IoT

By: Special Guest    7/17/2019

The Internet of Things (IoT) is changing the way we look at everything from cooking and storing food in the home to tracking products as they move fro…

Read More

Solar Energy and Cellular IoT in the Spotlight at AWS Summit

By: Ken Briodagh    7/16/2019

Eseye and SolarNow showcase power of connected technology to change lives

Read More

How Industrial IoT will Disrupt the Shipping Industry

By: Arti Loftus    7/16/2019

Cargo and liner ships transport more than $4 trillion USD worth of goods annually, representing a material of the gross domestic product (GDP) of just…

Read More

10 Rules for Cities Thinking About Automated Vehicles

By: Special Guest    7/12/2019

Introducing autonomous vehicles to urban areas such as big cities and small towns is a serious step that requires a lot of prior planning.

Read More