The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

With SIX Rollout, Nasdaq OMX Pushes Matching Latency Below 40 Microseconds

With SIX Swiss Exchange now up and running with its new SWXess platform, its technology supplier Nasdaq OMX can point to the fastest implementation of its X-Stream Inet matching technology, with average round-trip latencies of less than 40 microseconds. That’s probably the fastest matching engine anywhere in the world today.

SWXess went live with equities trading on April 23, along with co-location facilities at an Equinix data centre in Zurich.

According to performance tests documented by the exchange, average round-trip latency at the exchange network domain boundary, using the Ouch protocol via a 10 gigabit/second Ethernet link, was 37 microseconds. That includes the time taken to validate, process, and acknowledge or fill a participant order.

As for the outliers, 99% of orders were processed within 78 microseconds, and 99.9% within 150 microseconds. Corvil latency monitoring devices were used to measure the latencies.

Related content

WEBINAR

Recorded Webinar: Trade surveillance: Deploying monitoring and surveillance capabilities for today’s new normal

Let’s face it: The old ways aren’t coming back. A plethora of challenges brought on by the covid-19 pandemic, coupled with unrelenting market volatility and uncertainty, have pushed financial service firms to look for rigorous monitoring and surveillance solutions to meet the demands of the emerging trading landscape. Working from home (WFH) has increased the...

BLOG

Options Extends SGX Footprint with Ultra-Low Latency Offering

Expanding on its introduction of managed colocation services for trading on the Singapore Exchange (SGX) last summer capital markets infrastructure provider Options Technology has partnered with the exchange to provide ultra-low latency (ULL) connectivity to SGX’s Tier 1 site. The addition of the new SGX capability follows on the heels of the company’s acquisition of...

EVENT

TradingTech Summit Virtual

TradingTech Summit (TTS) Virtual will look at how trading technology operations can capitalise on recent disruption and leverage technology to find efficiencies in the new normal environment. The crisis has highlighted that the future is digital and cloud based, and the ability to innovate faster and at scale has become critical. As we move into recovery and ‘business as usual’, what changes and technology innovations should the industry adopt to simplify operations and to support speed, agility and flexibility in trading operations.

GUIDE

The Data Management Implications of Solvency II

This special report accompanies a webinar we held on the popular topic of The Data Management Implications of Solvency II, discussing the data implications for asset managers and their custodians and asset servicers. You can register here to get immediate access to the Special Report.