Cinnober radically reduces latency with TRADExpress Trading System version 8

(Thomson Reuters ONE) -


Cinnober has released benchmarks on version 8 of its high performance trading
system, carried out in cooperation with Intel. Tests show radically reduced
average response time.

Cinnober recently released version 8 of its TRADExpress Trading System. The
major improvements in the new version are performance related and now Cinnober
publishes new benchmarks on the system, measured in Intel's lab in Swindon, UK.

The average response time - door-to-door - was down to 148 microseconds,
compared to 286 microseconds in previously published benchmarks, performed on
version 7.3 of the trading system. The business logic latency - the average time
spent on a transaction in the matching engine - was measured as 87 microseconds
compared to the previous 138 microseconds.

"I am very pleased with these results confirming the performance enhancements
made in the latest version of our trading system, reducing latency by almost
50%," said Nils-Robert Persson, Executive Chairman of Cinnober. "Besides
sophisticated functionality and the flexibility to adapt to changing demands,
throughput capacity and short, predictable response times have become
increasingly crucial for marketplaces. So naturally we have focused on these
areas enhancing the system, and we will continue to be in the forefront of
development. We appreciate the collaboration with Intel, whose leading-edge
solutions work very well with our software."

Nigel Woodward, Director Financial Services, Intel Corporation said:  "We are
delighted to work with Cinnober at the engineering level as we see them as
leaders in the field of exchange and trading solutions. This area has been
intensely focused in recent years on reducing latency, and that's where we see
the tuning of application and infrastructure technologies as now being critical
to optimisation and delivering very tangible performance benefits."

Cinnober delivers the TRADExpress Trading System and related solutions to
exchanges, multilateral trading facilities and alternative trading venues such
as Alpha Trading Systems, Burgundy, the Chicago Board Options Exchange, the
London Metal Exchange, Markit BOAT and Turquoise. Cinnober's trading system is
based on the proven TRADExpress platform, which is built to cater for extreme
functionality and performance demands.

More information regarding the tests will be jointly released by Intel and
Cinnober later this month. A previously published whitepaper on factors
impacting marketplace latency can be downloaded atwww.cinnober.com/downloads
.

For further information, please contact:

Nils-Robert Persson Lars-Ivar Sellberg
Executive Chairman, Cinnober Financial Product Manager, Cinnober Financial
Technology AB Technology AB
+46 70 552 52 28 +46 8 503 047 64
(Attending the Annual International
Futures Industry Conference in Boca
Raton March 10-13.)


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 visitwww.cinnober.com


[HUG#1392382]





Press release (PDF): http://hugin.info/139660/R/1392382/350002.pdf

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Datum: 10.03.2010 - 10:20 Uhr
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