Think Trade Selects PrismTech's OpenSplice DDS for Automated Trading Systems

PrismTech, provider of high-performance middleware and development tools, announced that its OpenSplice DDS product suite has been selected by Think Trade as the foundation for ultra-low-latency and real-time business intelligence (BI) in its next generation Automated Trading System.

 

Think Trade, a proprietary trading company, requires real-time BI to provide analytic insights reflecting the state of their trading system — a capability that is needed to dynamically adapt their trading strategy to optimally address the market. Think Trade conducted an extensive study of the leading messaging technologies available on the market and chose PrismTech’s OpenSplice DDS, the next-generation messaging solution that provides ubiquitous and ultra-low-latency access to data, as well as supporting sophisticated relational data modeling, data filtering, and event-processing, whilst ensuring high availability and stability under overload conditions.

 

“OpenSplice DDS was selected as the solution with the greatest potential to meet our demanding performance, stability, and flexibility requirements; important factors in our decision were the quality of the OpenSplice DDS team and the product's many advanced features, such as support for relational data modeling, traffic shaping, and a rich set of QoS parameters,” said Andrew Athan, President of Think Trade.

 

Athan continued: “We believe the OpenSplice DDS product is well positioned for success in trading applications and that DDS will become an important and widely accepted technology in finance. We look forward to the benefits from unleashing scalable and near real-time ubiquitous access to the business intelligence currently trapped in proprietary point-to-point messaging protocols, and to the enhancements we expect to be built in response to our leading-edge use of the OpenSplice DDS product.”

 

OpenSplice DDS is a fast growing advanced ultra-low-latency messaging middleware. It provides extreme performance data-centric publish/subscribe middleware that optimally satisfies the requirements of next-generation financial trading applications. In particular, OpenSplice DDS can: distribute millions of market data updates per second while retaining low latency and jitter and ensuring stability even under overload conditions; support sophisticated relational and object-oriented data modeling; and provide a rich set of qualities of service, such as traffic prioritization, traffic shaping, hardware and software filtering, content-based subscriptions, queries and filters, as well as providing a data persistence with minimal performance overhead.

 

“With proven capability in global markets, we saw a significant opportunity in the financial sector for low-latency middleware a year ago. I am excited that, working with technology-aware leaders like Think Trade, we have been able to quickly demonstrate the clear and unique value delivered by OpenSplice DDS,” said David Cairns, Chairman and Managing Director, PrismTech. “Working with strategic clients such as Think Trade will further improve our ability to deliver unequalled value to technology players in the financial sector. The opportunities for OpenSplice DDS in finance are extremely exciting.”