CASE STUDY

Performance Tuning for Tier 1 US Investment Bank

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

Support for MiFID II Compliant Fields

FIX Parser and Message Generator - around 1 Microsecond Latency

Minimised garbage collection and zero copy

High Performance test clients to drive the systems to its limits

Optimised networking to work efficiently with Solarflare network cards

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

Scalability across multiple connections with minimal latency impact

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