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Financial Services

In the past few years, the surge of fully automated trading, the changes in regulation, such as decimalization, along with the steady growth of the market, have lead to an unprecedented growth in the market data rates. At the same time, the increasing level of automation has continued to push for trading latency minimization, leading us to the realization that today 1ms is worth $1M.

• View the OpenSplice DDS in Financial Services datsheet (pdf)

Data Distribution Service OPRA Market Data Rates

Click here to watch the “OpenSplice DDS in the Capital Market” YouTube Video.

This newly established competitive landscape requires firms to be able to distribute millions of messages per second with latencies in the order of tens of microseconds retaining reliability and stability and determinism even under massive overload conditions. Technologies historically used for this purpose are greatly underperforming if not collapsing under the impetus of the market data avalanche.

OpenSplice DDS: Top Performance, Stability, Reliability

The hype around the need of reducing latencies, reinforced by the realization that 1ms is worth $1M, has concentrated most of people attention simply on speed. However, has many firm have realized the hard way speed alone isn’t enough.

OpenSplice DDS, is an ultra-low latency data distribution middleware that has proven its strengths in several mission-critical deployments in the context of Defense & Aerospace as well as Transportation, where failing to timely deliver critical information can lead to potential infrastructure losses.

As such, along with the ability of delivering massive amount of data with ultra-low-latency, and keeping you well ahead of OPRA’s predictions for years to come, it also provides unmatched reliability and stability under overload conditions. This last aspect, often overlooked, is key in financial trading as ensures that the system keeps trading under ordinary and exceptional traffic spikes, such as that experienced by firms last September 8th, 2008 when in the same day the London Stock Exchange had a 7 hours outage due to some crashes and the US Government saved Fannie Mae with the biggest bailout in US history.

Data Distribution Service DDS Throughput

That day, some firms experienced an incoming traffic spike of thousand times the usual traffic, under those conditions only firms that are built on solid infrastructure, such as OpenSplice DDS, kept trading and make a great day out of it.

OpenSplice DDS: Far More Than Simply Messaging

First time users of OpenSplice DDS are often surprised by the rich set of powerful concepts and features provided by this Cool Technology (OpenSplice DDS was named a Cool Technology by Gartner in 2008).

Specifically, OpenSplice DDS allows applications to do real-time publish/subscribe over a distributed relational data model. The non-functional properties of data distribution, such as priority, deadline, latency, persistence, etc., are controlled by a rich set of QoS policies.

OpenSplice DDS Data Distribution Service Far More Than Simply Messaging

Click here to watch the “OpenSplice DDS Explained” YouTube Video

Finally, the support for relational data modeling comes along with a rich set of event processing functionalities, such as local queries, distributed continuous queries, event windows, and correlation.