FX Trading Platform

Chronicle EFX

A set of fully configurable, customisable trading microservices. Based on Chronicle Services and Chronicle Queue to provide low-latency IPC and networked communications, delivering a simple, elegant solution for EFX market-making and trading.

"Using Chronicle’s solution as the building blocks, we will continue to deepen our capabilities to provide our customers with faster access to global FX markets"

- Leslie Foo, Head of Group Global Markets, UOB

Microsecond Performance

performance

Built with Chronicle's low-latency software suite, the services can deliver consistently low latencies across all percentiles.

Scalable with Replication

Mapping

Takes advantage of the many features provided by the Chronicle software stack, such as built-in monitoring and alerting, and replication.

Flexible Configuration

routing1

Increased availability with runtime reconfiguration that does not require any restarts.

Proven on The Market

handshake

Used as core components in trading platforms run by top-tier banks globally. Thereby proven to perform even in the toughest environments.

Robust and Resilient

Configurable

Input and output streams are built on the Chronicle Queue Enterprise technology, providing persistent and resilient inter-process communication with configurable failover.

Quick To Deploy

investment

Promotes rapid prototyping and deployment of pricing and trading solutions by the quick assembly of ready-made yet customisable components.

Microsecond Performance

performance

Built with Chronicle's low-latency software suit, the services can deliver consistently low latencies across all percentiles.

Scalable with Replication

Mapping

Takes advantage of the many features provided by the Chronicle software stack, such as built-in monitoring and alerting, and replication.

Proven on the Market

handshake

Used as core components in trading platforms run by top-tier banks globally. Thereby proven to perform even in the toughest environments.

Flexible Configuration

routing1

Increased availability with runtime reconfiguration that does not require any restarts.

Robust and Resilient

Configurable

Input and output streams are built on the Chronicle Queue Enterprise technology, providing persistent and resilient inter-process communication with configurable failover.

Quick to Deploy

investment

Promotes rapid prototyping and deployment of pricing and trading solutions by the quick assembly of ready-made yet customisable components.

Mapping

Scalable wit Replication

Takes advantage of the many features provided by the Chronicle software stack, such as built-in monitoring and alerting, and replication.

performance

Microsecond Performance

Built with Chronicle's low-latency software suit, the services can deliver consistently low latencies across all percentiles.

handshake

Proven on the Market

Used as core components in trading platforms run by top-tier banks globally. Thereby proven to perform even in the toughest environments.

routing1

Flexible Configuration

Increased availability with runtime reconfiguration that does not require any restarts.

investment

Quick to Deploy

Promotes rapid prototyping and deployment of pricing and trading solutions by the quick assembly of ready-made yet customisable components.

Configurable

Robust and Resilient

Input and output streams are built on the Chronicle Queue Enterprise technology, providing persistent and resilient inter-process communication with configurable failover.

Microservices for the Financial Services Industry

Chronicle provides the basis of a full trading platform including Chronicle's FIX Engine and ready-made microservices: book builder, position manager, order gateway, auto-hedging, and pricing frameworks, which can be customised - full source code provided.

Chronicle EFX Microservices

Explore the Services

Learn more about Chronicle's high-performance trading microservices by exploring the tabs.

Book Builder

What is Chronicle Book Builder? 

Chronicle’s Book Builder consumes market data to build market depth ladders either at an aggregated level or on a per venue basis. Multiple aggregated ladders can be configured, with support for both simple (per currency pair and per venue) as well as complex aggregation (composed of multiple input pricing sources for depth across multiple venues).

It's designed to be particularly efficient when handling large volumes of inbound and outbound data, as is typical of real-time market data feeds in fast-moving markets.

Key Capabilities

  • Handles both snapshot and incremental market data inputs
  • Unlimited market depth ladders, aggregated from multiple pricing sources
  • Configurable throttling based on price movements and threshold times
  • Can be configured to produce both full market depth and lightweight mid-rates

Usage

To be used standalone for market data processing and market depth calculation, or as a fundamental precursor to the Pricer, Position Manager, and Hedger modules.

Pricer
Position and Risk
Hedger
Market Gatekeeper

Licensing and Support

At Chronicle we pride ourselves on the stability and knowledge of our development and support team. With decades of experience from the financial industry, you can trust us with your toughest challenges.

Complete Control of the Code

All customers get full access to our GitHub repository where you can read, fork, and create pull-requests on the Chronicle EFX source code. This means you have complete control over your environment and the freedom to continually optimise your trading workflows.

 

Get Expert Help

Our expert consultants are ready to support you with any issues that may arise. We understand that the EFX trading platform is usually only a small part of a system, and our experienced developers can help with architecture and latency issues in other areas if needed.

 

Simple Licensing Model

Our simple and transparent licensing model provides certainty and ensures that Chronicle’s low-latency EFX trading platform is available to businesses of all sizes, from the largest bank to the smallest hedge fund.

Chronicle EFX in Action

Chronicle has supplied trading solutions to many top tier financial institutions. Read one of our case studies to understand what you can achieve with Chronicle’s low-latency EFX trading platform. 

Highly Optimised DMA Solution

A large global bank asked Chronicle for a solution that optimised the performance within their Equity Trading Group. Chronicle delivered a high throughput, low-latency solution that exponentially improved both the execution and accuracy for their clients while integrating with the existing infrastructure. Learn more >>

 

Quick ROI on EFX Trading Platform

Chronicle built a bespoke EFX trading platform for a top-tier bank. By leveraging Chronicle FIX and EFX microservices the system was deployed within six months. By then, message throughput was increased up to ten times allowing a wider range of strategies that utilise the whole book. Learn more >>

Articles about Chronicle EFX

How to Build Low Latency Crypto Trading Systems using Java and Chronicle Services

Cryptocurrency trading is an emerging market with its own rules. However, when it comes to the need for low-latency arbitrage, that is, being able to react rapidly to changing market prices and placing orders ahead…

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Developing Low Latency Trading Systems with Chronicle Microservices

Introduction to Chronicle Services Traditionally, low latency trading systems were developed as monolithic applications in low level languages such as C++. While these systems delivered the required performance, the development effort was extremely time consuming,…

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How Microservices can Improve Performance Now and Future-Proof your Trading System for Cloud Migration

In this blog post, we are going to focus on microservices – what they are, what benefits they can provide for your organisation, and how they can not only provide immediate improvements in trading system…

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What's Next?

Get to Know Chronicle EFX Better

If you want to learn more about how Chronicle EFX can have a positive impact on your automated trading system - get in touch with us today.