High-performance messaging on 10 Gigabit Ethernet makes ultra-low latency, high frequency trading more attainable
NYSE Technologies and Voltaire Demonstrate Accelerated Application Messaging Using Intel iWARP Adapters at Super Computing 2009
NEW YORK, NY, November 16, 2009 – NYSE Technologies, the innovative commercial technology unit of NYSE Euronext, with Voltaire, today announced a demonstration of the outstanding performance of Remote Direct Memory Access (RDMA) based middleware, compared with middleware using a traditional TCP/IP stack. The demonstration can be seen live at the Super Computing 2009 exhibition in Portland, OR, November 16-20, 2009 (Intel Booth #1935, Station 1).
NYSE Technologies’ Data Fabric ™, by using a fundamentally new approach to messaging, offers 10 times the throughput with 1/10th the latency of traditional, low-latency IP-based middleware. Data Fabric™ middleware supports multiple transports at runtime (LDMA, RDMA and TCP), and delivers this performance using a highly flexible publish/subscribe API that leverages the hardware acceleration available in mainstream, 10 Gigabit Ethernet hardware such as products provided from Intel and Voltaire.
“We are very excited about the performance of our accelerated application messaging solution,” said Feargal O’Sullivan, Managing Director, High Performance Messaging at NYSE Technologies. “This demonstration, which includes NYSE Technologies’ Data Fabric™ messaging software, NetEffect iWARP-capable, 10 Gigabit Ethernet Network Adapters from Intel and Voltaire Messaging Service delivers outstanding performance in a cost-effective, Ethernet based, messaging solution for high-performance use cases such as market data and automated trading infrastructures.”
The demonstration showcases Data Fabric™, running side-by-side in RDMA and standard TCP modes. Using RDMA over the Voltaire Messaging Service (VMS) transport, the demonstration publishes one million, 100 Byte messages per second from a single 8-core Intel® Xeon® 5500 based server, to each of six subscribers on six more similar servers, for a total of six million messages streaming through the middleware per second. Each server contains a NetEffect NE020® 10 Gigabit Ethernet iWARP-capable server adapter from Intel. The test measures breakthrough, end-to-end, average one-second latency of 32 usec, with almost no jitter.
On a second set of unique servers, the demonstration publishes fifty thousand, 100 Byte messages per second to six other subscribers, using the standard Linux Operating System TCP/IP transport. This generates a total of three hundred thousand messages per second streaming from the publisher. Despite using the same 10Gigabit Ethernet network, the throughput is significantly lower while latency is an order of magnitude higher and more prone to latency jitter.
“This demonstration showcases the fantastic performance that can be achieved by using industry-standard technologies to build high-frequency trading systems,” noted Asaf Somekh, Vice President of Marketing, Voltaire. “Whether running over our Infiniband or 10 GigE platforms, Voltaire’s VMS software combined with NYSE Technologies Data Fabric™ middleware, lowers latency and increases throughput per second for market data platforms and all trading applications.”
Feargal O'Sullivan, Managing Director of High Performance Messaging at NYSE Technologies, will formally present the application messaging solution and will provide an overview of the NYSE Technologies Data Fabric in the Intel Theater at 11 a.m. PST on Tuesday morning, November 17th. After the conclusion of the demonstration, an archived webcast will be available on the Exchanges Blog here: http://exchanges.nyse.com/archives/nyse_technologies/
Note: Intel and Intel Xeon are trademarks of Intel Corporation in the U.S. and other countries.
About NYSE Technologies
A division of NYSE Euronext (NYX), NYSE Technologies is a leader in providing innovative software, market data products and data management applications, connectivity solutions, exchange technology, and transaction solutions for trading firms, vendors and financial markets around the world. NYSE Technologies offers one of the most comprehensive suites of high quality commercial technology products that includes advanced messaging platforms, co-location services, ultra-low latency order routing and a one-of-a-kind hosted network community, all designed to enable the free flow of liquidity for the global marketplace. This division operates four units: the Global Connectivity unit, offering one of the world's largest, most reliable financial transaction networks connecting firms and exchanges worldwide; the Trading Solutions unit, which creates and implements high performance, end-to-end messaging software and real-time market data distribution and integration products; the Exchange Solutions unit, which provides multi-asset exchange platform services, managed services and expert consultancy; and the Global Market Data unit, which offers a broad array of global market information products covering multiple asset classes. With offices across the U.S. , Europe and Asia , NYSE Technologies' advanced integrated solutions for a wide range of services has earned the ability to power the trading operations of global financial institutions and exchanges. For additional information visit: http://www.nyse.com/technologies
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2008 (“document de référence”) filed with the French Autorité des Marchés Financiers (Registered on April 28, 2009 under No. R. 09-031), 2008 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.