Tier 1 US Investment Bank overhauls Equity DMA Solution providing increased execution efficiency

Challenge

A large global bank approached Chronicle looking for equity trading software to optimize performance within their Equity Trading Group. They were looking for a high throughput, low latency solution which would allow their clients market leading DMA across multiple markets.

Solution

Chronicle FIX is a performance optimised, full-featured, asset class agnostic FIX Engine, the engine can be deployed standalone or in conjunction with with micro services including MarketGateway, MarketGateKeeper etc. Chronicle developed a solution that provided low latency pricing, auto hedging, order management and market connectivity. Features include:

Full FIX compatibility across FIX version 4 onwards

Supprt for MiFID II compliant fields

Minimised garbage collection and zero copy

Consistent End to End latency of ~35 microseconds (99%)

Fix Parser and Message Generator – around 1 microsecond latency

Scalability across multiple connections with minimal latency impact

High Performance test clients to drive the systems to its limits

Optimised networking to work efficiently with Solarflare network cards

Results

Our Equity Trading software provided the customer with a bespoke, easy to implement solution that has allowed them to exponentially improve both execution and accuracy for their institutional clients. The solution was able to integrate around existing infrastructure leading to an efficient and timely deployment of a production ready solution.

Solutions utilised in this project:

Queue Enterprise

Learn More

Fix

Learn More

Queue Zero

Learn More

Microservices

Learn More

Consultancy

Learn More

Want to learn more? See the benefits of Chronicle's products in action

At Chronicle, we believe less is more. Learn more about why and how Chronicle can support your business and how it can increase efficiency and streamline your systems and workflows by speaking with one of our experts.

We can also offer you our release notes.

    By completing this form, I agree that Chronicle Software may keep me informed of its products, services and offerings. To view our privacy policy, click here. To unsubscribe click here.