First ever STAC assessment of latency from arrival of market data to transmission of orders - wire to wire
WOBURN, Mass. - October 29, 2012 - Redline Trading Solutions, a leader in ultra low latency smart order routing and automated trading solutions, today announced a STAC tick-to-trade performance assessment of its InRush™ 3 Accelerated Ticker Plant and Execution Gateway showing remarkably low latency results once believed to be the domain of specialized hardware acceleration.
The tests were based on a futures trading use case that measured latency from arrival of market data to transmission of orders - wire to wire. Results at market rate (1x) were mean latency of 6.1 microseconds, maximum latency of 18.2 microseconds, and standard deviation (jitter) of 1.4 microseconds. Interestingly, results at 8x market data rates showed identical mean and jitter, verifying impressive determinism.
“This is the industry’s first independent and rigorous tick-to-trade benchmark,” said Peter Lankford, Director, Securities Technology Analysis Center. “The test methodology, called STAC-T1.EM™ Council, while this public STAC Report™ contains detailed descriptions of the methodology, test results, and system configuration. We are pleased that Redline has taken the leadership step of disclosing end-to-end STAC Benchmark results for its ticker plant and execution gateway.”
InRush 3 directly connects and manages multiple exchange feeds to high performance client trading applications, while the Execution Gateway interfaces and tracks order flow to multiple execution venues simultaneously. Both applications are highly optimized for platforms based on the Intel Xeon processor E5 family and advanced network adapter technologies in a single-server solution to accelerate the tick-to-trade path. These tests were run on HP DL380p Gen8 servers, Mellanox ConnectX® -3 EN Gigabit Ethernet Adapters, and RHEL 6.1, using the Corvil® latency monitor and Datacom® Systems optical tap to precisely measure latencies.
“Platforms based on the Intel Xeon processor E5-2600 provide Redline’s customers the opportunity to utilize cost effective industry standard servers to accelerate their entire trading infrastructure,” said Garry Thall, Director, Financial Services, Intel Americas. “Redline applications take full advantage of the power of this platform to deliver outstanding throughput at extremely low latency due to our introduction of the Intel Integrated I/O, Intel Data Direct I/O and faster PCIe Gen 3.”
“Together with our TCP kernal bypass and RDMA capabilities in our ConnectX-3 adapters, Redline software delivers superior tick-to-trade performance,” said Asaf Wachtel, Director of Financial Services Business Development at Mellanox Technologies. “The STAC-T results clearly demonstrates InRush 3’s inherent ability to scale linearly and reliably using Mellanox’s best-in-class interconnect technologies.”
The test cases, developed by STAC with input from the Chicago mercantile Exchange (CME) and a proprietary trading firm that trades on the CME, are being proposed to the STAC Benchmark Council for ratification as a standard. The full set of results is available here.
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essentials technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available here and here.
Mellanox Technologies (NASDAQ: MLNX, TASE: MLNX) is a leading supplier of end-to-end Ethernet and InfiniBand interconnect solutions and services for servers and storage. Mellanox offers a choice of fast interconnect products: adapters, switches, software and silicon that accelerate application runtime and maximize business results for a wide range of markets including high performance computing, enterprise data centers, Web 2.0, cloud, storage and financial services. More information is available here.
Redline Trading Solutions
Redline trading solutions provides leading-edge automated trading solutions that solve the toughest latency and throughput challenges for the world’s most successful investment banks, hedge funds, and proprietary trading firms.
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