Vantage Markets Case Study

Global Retail Broker Enhances Trading Performance with Chronicle FIX

About

Award-winning, multi-asset broker, operating in 172 countries with millions of trading app subscribers.

About

Award-winning, multi-asset broker, operating in 172 countries with millions of trading app subscribers.

CHALLENGE

FIX Engine Performance

Prior to engaging with Chronicle, Vantage implemented a widely-used, open-source FIX engine to acquire quotes from liquidity providers.  However, as its subscriber base expanded, they were experiencing  significant connectivity challenges that caused substantial disruption to service delivery and severely impacted customers’ user experiences.  

Vantage needed a better FIX solution to assure performance at scale and approached us to discuss their high throughput and high performance requirements. 

We are impressed with Chronicle's 'hands on' availability and support and look forward to continuing our partnership. Chronicle has become an important partner in our journey.

Client

Vantage Markets

We are impressed with Chronicle's 'hands on' availability and support and look forward to continuing our partnership. Chronicle has become an important partner in our journey.

Client

Vantage Markets

SOLUTION

Same-Day Migration to stable, reliable, high performance FIX engine

After providing Vantage  with evaluation software and documentation, our specialist development team in APAC spent an afternoon in the client’s office to migrate them from their legacy application to the new Chronicle-driven solution.  With minor adjustments by Vantage’s development team , the solution was tested and moved swiftly into production.

This is a great example of Chronicle’s nimble and flexible approach to solution delivery.

Jerry Shea

Managing Director APAC

This is a great example of Chronicle’s nimble and flexible approach to solution delivery.

Jerry Shea

Managing Director APAC

RESULTS

Smooth Transition and Enhanced FIX Solution

Chronicle was able to efficiently eliminate the persistent challenges faced by this client. Its connections are now very stable, ensuring that it receives quotes seamlessly, without latency concerns. Results were immediate; the system now handles seven times the maximum load from liquidity providers, with additional scale capacity. 

Key benefits: 

  • Minimal Chronicle intervention in solution deployment, smooth transition and improved trading application user experience.
  • Cloud-hosted FIX solution for scale efficiency/capacity.  
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Screenshot 2023-03-29 at 10.15.48

Products Used

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Chronicle Tune is software that automatically configures your OS for optimal performance based on our knowledge and expertise.

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A FIX Engine with high availability and microsecond latency, utilised for upstream and downstream connectivity.

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A framework for developing event-driven architecture/microservices for custom pricing, hedging and algo strategies.

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WHAT'S NEXT

Get to Know Chronicle's Buy and Build Solutions

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