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.

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