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

Scaling New Market Data Peaks

Subscribe to our newsletter

It’s becoming quite a frequent event – that being the press release from marketdatapeaks.com about a new record high as measured using the Exegy ticker plant appliance that powers it. Today, the release said the record had been pushed up to 3,732,957 messages per second at 9.54am. The previous peak was 3,449,856 mps, which was recorded on Friday.

What’s causing these peaks? Good old news it seems. Today’s trading was driven by some positive consumer confidence data and better than expected house price reports. That led market makers to rapidly change pricing and order books – and thus data feeds pumped out 800,829 mps. And of course the derivatives markets then followed suit on thousands of contracts based on the underlying cash markets, resulting in 2,516,437 mps. The US stock markets all changed their top-of-book quotes in reaction – another 364,689 mps of quotes – and their exchange trading systems reported 49,290 mps. It all adds up (though not to the top-line total for some reason).

Apparently, previous recently reported peaks were also down to market reactions to news events. So is there a trend with all this good and bad news? Or some kind of connection? Not the case says Exegy’s Jeff Wells, who reckons it’s just “lots of market turbulance” though he also noted that several exchanges have been upgrading their technology – and thus increasing capacity.

So it’s not just a low-latency arms race that’s still happening out there, but also a throughput arms race, as exchanges, liquidity venues and market participants (as well as network and connectivity providers) all upgrade to cope with new peaks, and by so doing contribute to new peaks. Something tells me this one will run and run.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Smart Trader Desktops: Placing UX at the front and centre of the trading workflow

Trading strategy is in place, the technology stack is optimised and the trading team is highly skilled – but what about the user experience? Whatever the stack, the desktop, the trading apps and their functionality, a trading platform is only as good as its user interface (UI) and user experience (UX). This webinar will review...

BLOG

QuantCube Tackles ESG with Macroeconomic Data

Macroeconomic research specialist QuantCube Technology is targeting environmental, social, and governance (ESG) compliance with a new asset-mapping database aimed at helping financial institutions monitor the risk exposure of their physical assets. The tool focuses on the data gap faced by banks, insurance companies, asset managers, and corporates in assessing (ESG) risks at a granular level,...

EVENT

AI in Capital Markets Summit New York

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

Institutional Digital Assets Handbook 2024

Despite the setback of the FTX collapse, institutional interest in digital assets has grown markedly in the past 12 months, with firms of all sizes now acknowledging participation in some form. While as recently as a year ago, institutional trading firms were taking a cautious stance toward their use, the acceptance of tokenisation, stablecoins, and...