Cinnober calls for transparency on performance claims
(Thomson Reuters ONE) - Claims regarding latency should be supported by hard facts to bringdiscussions to a new, more relevant levelLeading independent exchange technology provider Cinnober todayannounced the publication of an in-depth whitepaper on latency ontheir web site.The paper details the factors that affect a trading venue's latency -such as complexity of business model, whether and how transactionsare safeguarded, hardware infrastructure etc - and what can be doneto minimize it. It also elaborates on the relationship betweenlatency and throughput. An important point made in the paper is thatan exact definition of the points between which latency is to bemeasured is fundamental to a precise evaluation of claims regardinglatency.Cinnober is an independent technology provider serving leadingexchanges such as Borsa Italiana, the Chicago Board Options Exchangeand the London Metal Exchange, as well as alternative marketplacessuch as Alpha ATS, Markit BOAT and Turquoise. Performance is at thevery heart of the company's solutions.In June 2009 Cinnober disclosed performance benchmarks of the, atthat point, latest release of the TRADExpress(TM) Trading Systemrevealing outstanding low latency with an average door-to-doorlatency of 286 microseconds, and throughput capacity of over 800thousand quote updates per second in a setup with five matchingengine partitions. Door-to-door latency is the time lapse from themoment an order enters the marketplace, is then processed in thematching engine, and the subsequent response and result are sent backto the participant.The now released whitepaper presents performance benchmarks ofCinnober's TRADExpress Trading System showing the differentconfigurations in which they were established, and reveals focusareas in the company's roadmap to reach a door-to-door latency ofless than 80 microseconds within a year and 25 microseconds in 18months.'With this paper we are taking discussions on latency to a new, morerelevant level', says Nils-Robert Persson, Cinnober's ExecutiveChairman. 'It has become very popular to publish performance figuresmaking specific claims for latency but there is seldom enoughaccompanying information to make them relevant and useful for tradingvenue operators. We believe that hard numbers should always besupported by hard facts. At Cinnober we will continue our open andtransparent approach to this topic, not only with regard to themeasurement of latency but also to the publication of supportablefacts regarding system performance.'The whitepaper can be downloaded at www.cinnober.com.For further information, please contact:Nils-Robert PerssonExecutive Chairman, Cinnober Financial Technology ABTel. +46-(0)70 552 52 28(Attending the FIA Expo in Chicago, October 21-22)About Cinnober Financial TechnologyCinnober provides mission-critical systems to a number of leadingmarketplaces, including Alpha Trading Systems, The Chicago BoardOptions Exchange, The London Metal Exchange, Markit BOAT, NYSE Liffeand Turquoise. Cinnober's products are highly customizable and basedon TRADExpress, a scalable, high-performance, low-latency platformfor transaction processing. TRADExpress is 100% Java-based, enablingsolutions that are flexible, as well as hardware- anddatabase-independent. For additional information about Cinnober,please visit www.cinnober.comhttp://hugin.info/139660/R/1348940/324847.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 21.10.2009 - 10:41 Uhr
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