High performance Chronicle FIX provides markets’ lowest latency and highest throughput connectivity to exchange clients.
London, UK and New York, NY, 13 July 2021: Chronicle Software (Chronicle), a specialist provider of low-latency technology solutions for the financial services industry, announced today that a prominent North American exchange has implemented their market leading FIX engine to provide low-latency connectivity to their clients.
After evaluating several leading providers, the North American exchange chose Chronicle FIX for its superior engine performance, microsecond latency and differentiated commercial model. Chronicle’s unique buy and build solution includes provision of the source code, enabling the exchange to create and maintain a high throughput, performant and scalable FIX engine tailored to their exact requirements.
Built on the widely-used Chronicle industry library and supportive of all versions of FIX, the fully featured engine achieves outstanding performance and increased speed by utilising, among others:
- The principle of zero-copy to eliminate unnecessary garbage collection
- Reduced runtime code size for efficient CPU cache usage
- Smart ordering for optimal parsing
Peter Lawrey, CEO of Chronicle Software said: “In the past year we have signed multiple brokers, banks and exchanges in Europe, the US and Asia, and we are delighted to add this important exchange to our client base.” He added “Chronicle FIX is acknowledged as the fastest Java based FIX Engine available on the market today, and our solutions enable our clients to benefit from increased throughput, low latency and operational flexibility. Access to the source code, underpinned by expert engineering, enables our clients to maintain their optimal solutions and reduces total cost of ownership”
The expertise, experience and flexibility of the Chronicle team before and during implementation set it apart from other providers.