About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Chronicle Software Releases Market Data, Stripped Back Messaging Microservices

Subscribe to our newsletter

Chronicle Software, which provides Java-based microservices for the capital markets space, has expanded its line of native C++ libraries and microservices to include a market data distributor and a stripped-back version of its Chronicle Queue persisted messaging solution. The two new capabilities – one at the application level and the other at the framework level – are interoperable with the company’s existing Java product set, allowing sharing of persisted data between the two languages at very low latencies.

Chronicle Software is a specialist provider of low-latency technology solutions for capital markets. The company – founded by CEO Peter Lawrey, a developer/architect with a track record of high-performance trading technology deployments at Reuters, Cantor Fitzgerald/eSpeed, RBS, UBS Investment Bank, Barclays Capital, Edge CI, Plus Markets and Millennium Capital Partners – has developed a core library of reusable modules to develop custom solutions based on clients’ individual requirements. The Chronicle team’s experience extends to delivery of trading technology across multiple asset classes, including FX, rates and equities.

In its latest round of releases, Chronicle has launched its Market Data Distributor microservice, which has been designed to consume and distribute live market data across a number of concurrent consumer applications. The company says that, in its experience, “efficient and effective market data distribution poses one of the most significant challenges within our clients’ organisations, given the high frequency of updates, and the sheer volume of data to be consume, distributed, stored and maintained.”

Recognising the time-critical nature of these dependencies to trading activity, and the potential for conflicts created by large volumes of data, Chronicle says the product ensures that consuming applications always capture the latest information available and has inbuilt resilience against consuming processes hanging or exiting.

At the same time, Chronicle has released Queue Zero, a stripped-back version of its Chronicle Queue persisted messaging solution. Queue Zero has been designed in conjunction with Chronicle’s most latency-sensitive clients, to offer the core stability of the Queue product alongside multiple language functionality, allowing systems to share persisted data between Java and C++ processes.

According to Lawrey, “There are two major factors behind our development of a C++ version of our products, one being interoperability between the two languages, allowing systems to share persisted data between C++ and Java in a low-latency environment, and the second one being the latency improvements that can be gained by deploying C++. Clients have seen latency gains of up to 80% over our standard Chronicle Queue, in benchmarked performance tests – a performance improvement that speaks for itself.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Transforming Data Experiences in Quantitative Research and Trading

Date: 14 March 2023 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes For quantitative researchers and quant trading teams at banking and capital markets firms, the ability to access, integrate, and share data is critical. Data and how teams collaborate with data underpins the ability to generate alpha, perform execution analyses,...

BLOG

TMX Group Agrees to Acquire Wall Street Horizon

TMX Group, the Toronto-based market operator and data and an analytics provider, has agreed to acquire Boston-based Wall Street Horizon (WSH), a corporate event data provider. The acquisition will extend the global reach of TMX Datalinx’s listed company corporate action and event data offering. “We’ve done well with the distribution of our core content, and...

EVENT

Data Management Summit London

Now in its 13th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Applications of Reference Data to the Middle Office

Increasing volumes and the complexity of reference data in the post-crisis environment have left the middle office struggling to meet the requirements of the current market order. Middle office functions must therefore be robust enough to be able to deal with the spectre of globalisation, an increase in the use of esoteric security types and...