Cinnober releases TRADExpress Trading System version 8.0

(Thomson Reuters ONE) -


Major improvements in the new release are further reduced latency and increased
flexibility. The first customer upgrade begins in Q1 2010.

Cinnober has now released version 8.0 of its TRADExpress Trading System. The
system - used by Alpha Trading Systems, the London Metal Exchange and Turquoise,
among others - is recognized for its cutting edge performance, sophisticated
functionality and high level of flexibility. Development priorities have been
further reduced latency and increased flexibility. Performance benchmarks are to
be released shortly.

In addition to efficiency improvements in the system protocol and business
logic, new deployment options have been added in version 8:

·         Configuration of standby servers
The option to use application level asynchronous replication between primary and
standby servers has been introduced. The system can be deployed with a primary
and secondary setup with synchronous replication, and a third setup with
asynchronous replication for further resilience. Or it can be deployed with only
a primary and a secondary setup with either synchronous or asynchronous
replication. Using asynchronous instead of synchronous replication radically
reduces the response time while the system still maintains the capability for
controlled recovery.

·         Integration of server processes
The marketplace can now choose to integrate the access point for incoming orders
with the matching engine in the same server process in order to reduce end-user
latency.
The option to run the access point and matching engine in separate instances is
still available, and can be used in parallel with the new deployment option if
desired.

·         Multicast of unsolicited messages
Support for multicast of unsolicited messages to end-users has been added.

Distribution through multicast instead of TCP/IP unburdens the outgoing access
points.

·         Amended replication model for FIX messages
Replication of FIX messages to the FIX standby server has been made asynchronous
while maintaining synchronous transaction semantics - so there is no risk of
losing any transactions at a potential failover. This radically reduces the
response time for FIX users.

·         Improved internal protocol efficiency
A number of improvements have been made to make the internal protocol and
business logic more efficient.

·         Operations and maintenance applications
Enhancements in the operations and maintenance applications have been made to
improve the handling of large data volumes, and improve usability.

Peter Lenti, CTO at Cinnober says: "The big news in this release is really the
new deployment options that significantly reduce latency while maintaining
system resilience. Our customers have the most extreme performance and
functionality demands and we are continuously enhancing our offering. We have
set up very bold latency goals and we work intensely to beat them."

Trading System versions 6 and 7 continue to be supported. The first customer
upgrade to version 8 begins in the first quarter of 2010.


For further information, please contact:

Per-Anders Häll Bedman Lars-Ivar Sellberg
Acting CEO, Cinnober Product Manager, Cinnober
+46 8 503 047 72 +46 8 503 047 64




About Cinnober Financial Technology
Cinnober provides mission-critical systems to a number of leading exchanges and
trading venues, including Alpha Trading Systems, Burgundy, the Chicago Board
Options Exchange, the London Metal Exchange, Markit BOAT, NYSE Liffe and
Turquoise. Cinnober's products are highly customizable and based on TRADExpress,
a scalable, high-performance, low-latency platform for transaction processing.
TRADExpress is 100% Java-based, enabling solutions that are flexible, as well as
hardware- and database-independent. For additional information about Cinnober,
please visit www.cinnober.com


[HUG#1389936]





Press release (PDF): http://hugin.info/139660/R/1389936/348074.pdf

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Datum: 02.03.2010 - 10:00 Uhr
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