17th August 2020
We are very pleased to announce that Chronicle Software recently secured an agreement to provide Chronicle Platform and EFX to a major regional Asian Bank, Chronicle Platform will be deployed globally within the FX group to support their current and future trading requirements.
Chronicle Platform was chosen after a very rigorous evaluation process which was designed to ensure that the solution would deliver within several major areas for the bank including:
- Auto Hedging,
- Order Management, Smart Order Routing
- Risk Management, Pre and Post Trade Analytics,
- Alpha Signals,
- FIX connectivity to LPs and trading venues
Chronicle Platform is based on our microservices architecture which ensures that we can deploy existing IP and customise and develop a bespoke solution for the client. The solution is underpinned by Chronicle Queue Enterprise which delivers ultra fast interprocess communication between the microservices and also provides TCP replication across the network to deliver a ultra low latency/high availability trading platform. Another major element of the Platform is Chronicle FIX which is seamlessly integrated into the infrastructure to provide low latency order routing out to market participants.
Peter Lawrey CEO Chronicle Software said “This new agreement continues the growth of Chronicle Software in 2020 and also underlines the strength of the Chronicle Platform solution to the financial trading community”
Update: 20th of March 2021
The customer (UOB) went into production 7 months after signing the contract – delivering a program of work that would normally have taken 2 years