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

India Wins Shine Light on McObject’s eXtremeDB

Subscribe to our newsletter

In-memory database vendor McObject is new to me, though recent Indian customer press releases – here and here – piqued my interest. It seems the company has been around for a good few years, has around 300 customers, including a few in the financial markets, and has built some interesting technology, called eXtremeDB.

The secret sauce of eXtremeDB is that it was created from scratch for embedded applications, and has found uses in everything from satellite TV boxes and mp3 players to telecoms networks and Tornado fighter jets. Oh, SunGard is a customer too, as is China’s Dalian Commodity Exchange. Proprietary trading firms in New York City and Chicago – who can’t be named – also use it for bond and algo trading, portfolio management and in one case for a matching engine.

Because it was designed for embedded applications, the code has been written to run on slow processors with limited memory. The evaluation code – which runs in process with the target app – takes up just 150KB, and that can be reduced to as little as 50KB.  By definition, it’s fast. It doesn’t have enough code to be slow!

It’s also pretty functional.  Highlights being SQL, ODBC APIs, 32-bit and 64-bit versions, multi-platform, low overhead  indexing, relational or object storage as native, persistence, C, C++, Java, .Net interfaces. Oh, and multiple-dimensional-indexes – consider searching for equities by symbol and by price, and by trading volume – all using just one index.

The recent wins in India include the National Stock Exchange, which needed to get its order processing time to less than a millisecond, despite implementing a number of pre-trade risk checks. eXtremeDB is the database supporting those risk checks.

The second win is at software vendor Financial Technologies of India, which will use eXtremeDB is its Windows-Server-based DOME (Distributed Order Management Engine) trading platform.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Unlocking value: Harnessing modern data platforms for data integration, advanced investment analytics, visualisation and reporting

4 September 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes Modern data platforms are bringing efficiencies, scalability and powerful new capabilities to institutions and their data pipelines. They are enabling the use of new automation and analytical technologies that are also helping firms to derive more value from their data and...

BLOG

Bloomberg Launches AI-Powered Research Tool for Terminal Users

Bloomberg has announced the forthcoming release of its Document Search & Analysis solution, an AI-driven research tool designed to streamline how financial professionals interrogate and interpret large volumes of market data and reports. The product is expected to be rolled out to Bloomberg Terminal users by the end of the year. The new tool enables...

EVENT

Data Management Summit London

Now in its 16th 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

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...