September 21, 2011 / 1:05 PM / 8 years ago

eXtremeDB Slashes Latency in NSE.IT's Algorithmic Trading (Algo/HFT) and Front-Office Trading Solutions

  ISSAQUAH, WA, Sep 21 (MARKET WIRE) -- 
McObject(R), developer of innovative real-time database technology,
announced that NSE.IT, the 100%-owned IT subsidiary of India's National
Stock Exchange (NSE), the third largest stock exchange in the world (by
volume), has integrated McObject's eXtremeDB(R) In-Memory Database System
(IMDS) to replace traditional relational database management system
(RDBMS) software in performance-critical features of its algorithmic
trading solution based on the NeatXS trading platform. NSE.IT credits
NeatXS's move to eXtremeDB with slashing order-processing latency to the
sub-millisecond level and delivering ultra-low latency to achieve higher
throughput.

    NSE.IT's Algo Solution integrates eXtremeDB as the real-time database for
NeatXS's risk management features, which protect Algo Solution users --
typically brokerages, specialized trading firms, asset management firms
and hedge funds -- from a wide range of risks related to factors
including order size, allocation of margins, gross and net exposure,
options coverage, securities' mark-to-market value, and "fat fingers"
keystroke errors.

    Risk management is a process of measuring and analyzing risk and then
strategizing to cope with it while attempting to manage returns. Not all
risk can be controlled, but with a good strategy, the effect of risk can
be managed and controlled for a portfolio. NSE.IT's risk management
approach combines required methodologies, technology and data in one
solution to help clients make more informed financial decisions and
effectively meet their business objectives.

    In algorithmic and high-frequency trading, risk management is automated
and requires analysis of orders after they are placed but before they are
executed. "The NeatXS risk management function receives thousands of new
data points per second. This flow has increased exponentially and is
still growing, due in part to exchanges' expanding data broadcast
services. Storing, filtering and organizing the data for complex analysis
can become a bottleneck for algorithmic strategies that must 'get in and
get out' quickly. For our most recent upgrade, we identified the risk
management module's real-time database technology as an area where we
could optimize the product and deliver greater value to users," said V.S.
Kumar, NSE.IT's President - Americas. 

    In-memory database systems work with data entirely in main memory,
eliminating disk and file I/O as well as caching. In contrast, these
sources of overhead are "hard-wired" into RDBMSs that are designed to
store data on disk. eXtremeDB supports SQL, but NSE.IT's engineers chose
to use its faster, native interface consisting of C language functions.
Finally, eXtremeDB utilizes in-process database architecture rather than
client/server. By running entirely within the application process,
eXtremeDB eliminates inter-process communication from the execution path.

    "eXtremeDB has enabled us to reduce latency to the sub-millisecond level
per order while implementing a complex risk and compliance system,
successfully positioning our Algo Solution in an increasingly competitive
marketplace," said Dr. Pareshnath Paul, Chief Delivery Officer at NSE.IT.

    "Achieving ultra-low latency while leveraging the robust risk management
framework has improved the value proposition of our Algo Solution to
buy-side firms in the Asian, American and European markets," said V.S.
Kumar, NSE.IT's President - Americas.

    "The eXtremeDB IMDS has emerged as a key tool to purge latency from
data-intensive, real-time software applications. In capital markets,
shaving processing time can quite literally translate to increased
profitability, making eXtremeDB a natural 'fit' for this application
category. McObject is working increasingly with customers in the
financial industry and is pleased with the success NSE.IT has achieved
using our technology," said Chris Mureen, McObject's Chief Operating
Officer.

    About NSE.IT

    NSE.IT Limited is a wholly-owned subsidiary of the National Stock
Exchange of India, Ltd., the third largest stock exchange in the world
(by volume). As a vertical specialist focused on the financial services
industry, NSE.IT provides solutions that are domain-intensive, leverage
NSE.IT's intellectual property as accelerators, built with specific
technology choices for the industry, and delivered using a Global
Delivery model that maximizes customer ROI. NSE.IT provides a
comprehensive set of solutions to institutional customers on the buy side
and sell side, as well as to liquidity providers.

    Incorporated as a stand-alone company in 1999, NSE.IT's accomplishments
include: India's first Internet-based and mobile stock trading solutions;
a public key infrastructure-enabled, Internet-based gateway for
collateralized borrowing and lending obligation (CBLO) trading; e-auction
system for Tea Board of India; trading and clearing solution for Power
Exchange of India, and an innovative spot exchange solution with an
integrated trading platform.

    NSE.IT also manages mission critical data centers for the NSE, National
Commodities & Derivatives Exchange Limited (NCDEX), Power Exchange of
India Limited (PXIL) & Tea Board of India, provides solutions to the
largest insurance portal of India for agent examination, and implements
NSE co-location and service desk facilities. 

    NSE.IT is based in Mumbai, India, with operations in the United States of
America and United Kingdom. For more information see www.nseit.com.

    About McObject

    Founded by embedded database and real-time systems experts, McObject
offers proven data management technology that makes applications and
devices smarter, more reliable and more cost-effective to develop and
maintain. McObject counts among its customers industry leaders such BAE
Systems, Siemens, Phillips, EADS, JVC, Tyco Thermal Controls, F5
Networks, CA, Motorola and Boeing. McObject, based in Issaquah, WA, is
committed to providing innovative technology and first-rate services to
customers and partners. The company can be reached at +1-425-888-8505, or
visit www.mcobject.com.

    McObject and eXtremeDB are registered trademarks of McObject LLC. All
other company or product names mentioned herein are trademarks or
registered trademarks of their respective owners.

    

Media Contact:
Ted Kenney
McObject LLC
press@mcobject.com
425-888-8505 

Copyright 2011, Market Wire, All rights reserved.

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