Cinnober launches the world's fastest matching engine

(Thomson Reuters ONE) -


TRADExpress Ultra offers single-digit microsecond latency

Cinnober unveils TRADExpress Ultra - a revolutionary new offering for those
high-liquidity markets where latency is the most critical factor and each
nanosecond matters. The new trading system offers average door-to-door latency
well below ten microseconds (<10 µs) with full redundancy.

Market-leading trading technologies from Cinnober power demanding trading
venues, regardless of whether they primarily compete with low latency or
superior functionality. TRADExpress Ultra supports the most frequently used
order types, such as limit, iceberg, fill-and-kill and fill-or-kill orders. It
uses the same replication feature with hot standby servers as Cinnober's
TRADExpress Trading System - which has a greater range of sophisticated
functionality.

"Offering low latency is important to all trading venues in competitive markets
today. But some are willing to streamline functionality more than others to get
closer to zero," says Nils-Robert Persson, Executive Chairman of Cinnober. "Our
TRADExpress Trading System is highly competitive on latency, but TRADExpress
Ultra reaches completely new levels. The difference is primarily in the
functionality; Ultra offers functionality suitable for a liquid market in which
latency is critical. I believe that we are the first supplier to offer such a
matching engine with single-digit microsecond latency."

Other factors that often are equally important as latency in a trading venue's
offering are attractive order functions such as dark, stop, and peg orders. The
fully-fledged TRADExpress Trading System, including a complete range of order
types, has a market-leading door-to-door latency of less than 100 microseconds.

"We're utilizing commodity hardware, and I think this gives us a unique position
in the market. Most competing platforms demand much more and sometimes even

specialized hardware," says Jan Arpi, CEO of Cinnober. "Total cost of ownership
is key to many trading venues. Our platform concept makes it much easier and
less costly to keep a lean infrastructure up to date and to utilize the latest
advances in hardware and networks."

The industry has seen rapid development in trading speed, but now also faces
similar increasingly tough requirements for solutions within market data
distribution, clearing and risk management.

"Single-digit latency is a quantum leap for this industry and we're of course
very pleased with the results we have achieved with our ultra-fast version,"
says Arpi. "Our strategy of basing our clearing, risk management and market data
solutions on the same platform as our trading system enables us to also leverage
these superior low-latency capabilities into those areas."

Further information about TRADExpress Ultra and the route to single-digit
microsecond latency can be found in a white paper that can be downloaded
fromwww.cinnober.com.

For further information, please contact:
Jan Arpi Nils-Robert Persson
CEO Executive Chairman
Cinnober Financial Technology Cinnober Financial Technology
Tel. +46 (0)70 860 46 49 Tel. +46 (0)70 552 52 28



About Cinnober Financial Technology AB
Cinnober provides mission-critical solutions and services to leading trading and
clearing venues. Cinnober's solutions are based on the TRADExpress(TM) Platform
incorporating everything needed for mission-critical solutions in terms of
performance, robustness and flexibility. The portfolio of offerings includes
price discovery and matching, real-time risk management, clearing and
settlement, data distribution and surveillance. Cinnober's customers includes
Alpha Trading Systems, Borsa Italiana, Burgundy, Chicago Board Options Exchange,
Deutsche Börse, EDX London, Eurex, Hong Kong Mercantile Exchange, London Metal
Exchange, Markit BOAT, NYSE Liffe and Quadriserv. For additional information,
please visitwww.cinnober.com.




Press release (PDF):
http://hugin.info/139660/R/1521115/457335.pdf




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Cinnober via Thomson Reuters ONE

[HUG#1521115]

Weitere Infos zu dieser Pressemeldung:
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Bereitgestellt von Benutzer: hugin
Datum: 06.06.2011 - 10:07 Uhr
Sprache: Deutsch
News-ID 55319
Anzahl Zeichen: 5070

contact information:
Town:

Stockholm

Kategorie:

Business News

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