|By Marketwired .||
|November 6, 2012 09:55 AM EST||
ISSAQUAH, WA -- (Marketwire) -- 11/06/12 -- McObject® announced today that a new report from the Securities Technology Analysis Center (STAC®) documents that the company's eXtremeDB® Financial Edition database system achieved the lowest mean response times ever reported for 15 of 17 STAC-M3 benchmarks. The fully audited benchmark tests evaluated time-series data management (tick database) solutions involving complex queries that were designed by trading firms on the STAC Benchmark Council to reflect real-world capital markets computing demands.
Trading in today's financial markets is increasingly a "race to zero" in which improved speed drives profits, and accelerating collection and analysis of trade and quote (TAQ) time-series data provides the greatest competitive edge. Obstacles include surging data volumes and securities prices that can change millions of times per second. Success hinges on low-latency approaches that enable rapid retrieval, storage, and analysis of massive quantities of data, making it possible to exploit fleeting market opportunities, monitor risk, and satisfy regulatory demands.
McObject together with Kove, Dell, and Mellanox bring years of industry experience to the tasks of capturing and analyzing market data, resulting in the best performance ever demonstrated in most of the STAC-M3 Benchmarks. McObject's STAC-M3 implementation leveraged key eXtremeDB Financial Edition features, including column-oriented data storage and a rich library of vector-based statistical functions, to store, retrieve and analyze a year's worth of simulated tick data while measuring the key metric of query response latency.
McObject deployed the DBMS on a Dell R910 PowerEdge server with 40 Intel E7 cores and 512GB RAM, running CentOS 6.2 Linux. For high performance storage, the tests used the Kove® XPD L2 memory-disk SSD storage, mesh-connected via Mellanox ConnectX®-2 InfiniBand adapters through a Mellanox InfiniScale® IV QDR InfiniBand Switch to the Dell server. This off-the-shelf solution, capable of delivering the fastest market data analysis, is available today and supported through the vendors named above. The tests were performed by STAC at R-HPC.
The McObject, Kove, Dell and Mellanox products' track records and record-setting performance in the STAC-M3 Benchmark recommends their use together in financial systems including:
- Trade and Order Execution Platforms
- Algorithmic Back Testing of Data
- Real-Time Risk Analytics and Reporting
- Correlation of Trading and Exposure Across Multiple Asset Classes/Trading Venues
- Real-Time Ingestion and Analytics of High Volume Market/OPRA Data
"eXtremeDB Financial Edition has emerged as a key tool to purge latency from data-intensive, real-time financial applications. These STAC-M3 Benchmarks leverage the database system's key features including its streamlined design, support for both column- and row-based data storage, and rich library of vector-based statistical functions to deliver the highest speed in analyzing time series data. Together with our partners, McObject is confident recommending this joint solution with eXtremeDB Financial Edition to organizations seeking more profitable trading in today's highly automated capital markets," said Steve Graves, McObject CEO.
"This collaboration yet again extends Kove's leadership in high performance storage, providing real world solutions based on the Kove® XPD L2 memory-disk SSD storage for those who need the absolute fastest storage available," said Kove CEO John Overton.
"Faster access to and analysis of information means faster time to answers. This leads to better, and more real-time, business decisions," said Bob Barris, VP of global sales, banking and securities at Dell. "These STAC-M3 Benchmark results prove that with the right technology solution, institutions can be assured they can obtain affordable technology for analyzing market data, despite unprecedented volumes."
"IT departments in financial capital markets are facing huge growth in the volume of market data, while they are also under pressure to improve trade execution times," said Asaf Wachtel, director of financial services business development at Mellanox Technologies. "These STAC-M3 benchmarks are a testament to the bandwidth and latency performance benefits our InfiniBand interconnect solutions provide to the financial services industry, enabling them with faster time to analysis and trade execution."
See the full report at www.STACresearch.com/mcobject.
Founded by embedded database and real-time systems experts, McObject provides the eXtremeDB database system product family to build low latency, high scalability and reliability into real-time financial systems while harnessing the growing volume of data in capital markets. McObject counts among its customers industry leaders such NSE.IT, SunGard Kingstar, Transaction Network Services, Dalian Commodity Exchange, Financial Technologies of India Ltd. (FTIL), BAE Systems, Northrop Grumman, Siemens, Philips, EADS, Spirent Communications, F5 Networks, Motorola and Boeing. Based in Issaquah, WA, McObject is committed to providing innovative technology and first-rate services to customers and partners. For more information, contact at +1-(425)-888-8505, or visit http://financial.mcobject.com.
Formed in 2004, Chicago-based Kove is a pioneering leader in high performance memory-disk SSD storage. Kove provides patented, core technology components to solve the most challenging storage and data management needs. Visit http://kove.com.
Mellanox Technologies is a leading supplier of end-to-end connectivity solutions for servers and storage that optimize data center performance. Founded in 1999, Mellanox Technologies is headquartered in Sunnyvale, California and Yokneam, Israel. Visit www.mellanox.com.
Founded in 2005, R-HPC Systems provides technical expertise and optimized HPC cluster resources to the commercial and academic research communities. Visit http://www.r-hpc.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.
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