Welcome!

Java IoT Authors: Elizabeth White, Liz McMillan, Roger Strukhoff, Pat Romanski, Gregor Petri

News Feed Item

McObject's eXtremeDB Financial Edition Database Adopted by TradeStation for Next-Generation Order-Execution System

McObject's Product Selected Due to Its "Order of Magnitude" Superior Performance

ISSAQUAH, WA -- (Marketwire) -- 11/12/12 -- McObject® announced that TradeStation, a Monex Group company (TSE: 8698) and the parent company of an award-winning broker-dealer and futures commission merchant, will integrate McObject's eXtremeDB® Financial Edition in-memory database system (IMDS) into its next-generation order-execution system, now under development. McObject's technology was selected after it performed "an order of magnitude" faster than alternative database systems in a proof-of-concept, indicating that eXtremeDB Financial Edition will extend the speed advantage already provided to TradeStation's customers, a TradeStation official said.

TradeStation's order-execution system processes trades from the moment orders are placed until they are filled and recorded. Database processing must be extremely fast to avoid introducing latency. Between order placement and execution, the order-execution system accesses its database many times to accomplish time-critical tasks ranging from checking customer funds and margin limits to risk management, order routing and comparing bids and offers on different trading venues.

"Milliseconds, even microseconds, can affect the price for customers' order executions," said Joe Pautler, TradeStation senior software engineer. TradeStation presents order-execution speed as a key differentiator of its services, noting on its website the "price improvement opportunities" made possible by trade processing that is many times faster than the industry average.

In addition to speed, reliability is a key requirement for database management within TradeStation's order-execution system. TradeStation's website states that it "relentlessly pursues [its] goal of 100 percent uptime" for order execution via redundant system hardware and software, among other strategies to maximize up-time. eXtremeDB Financial Edition enhances reliability with its High Availability sub-system, which will enable TradeStation to deploy multiple, fully synchronized copies of the order-execution system database, with automatic failover in the event of failure on one node.

"TradeStation built its reputation on technology features that benefit active traders, including innovative analysis, back-testing and automated trading," said T. Keith Black, TradeStation chief technology officer and vice president of product development. "Traders who rely on these strengths also expect fast and reliable order execution. eXtremeDB Financial Edition's performance and fault-tolerance make it a natural fit for database processing in the enhanced order-execution system TradeStation is developing. We are excited about the end-user benefits that eXtremeDB Financial Edition will help to deliver as part of our live trading technology," Black said.

To further safeguard reliability and data integrity in the order-execution system, TradeStation will also rely on both eXtremeDB Financial Edition's support for ACID (Atomic, Consistent, Isolated and Durable) database transactions, as well as the technology's transaction logging feature, to enable recovery of interrupted transactions. The company will deploy the 64-bit version of McObject's database running on the Microsoft Windows Server.

"Companies in capital markets are pressed to drive down latency at all levels in their information systems, while providing customers with a wider range of capabilities as well as fault-tolerance," said Chris Mureen, McObject's chief operating officer. "McObject designed eXtremeDB Financial Edition to meet the demand in capital markets for an exceptionally fast, scalable and robust database system, and we are pleased that it has proven an excellent fit for TradeStation as the company develops its highly optimized next-generation trading infrastructure."

eXtremeDB Financial Edition provides features to optimize capital markets systems for speed, fault-tolerance and scalability. These features include:

  • A core in-memory database system (IMDS) that delivers database responsiveness measured in microseconds
  • Embedded architecture to eliminate client/server inter-process communication (IPC) overhead
  • Support for column-based as well as traditional row-based data layout (including hybrid designs)
  • A rich library of vector-based statistical functions to analyze time-series data
  • An ultra-short execution path (code size is approximately 150K) that minimizes demand for CPU cycles and maximizes L1/L2 cache efficiency
  • Distributed database scalability, performance and fault-tolerance, through both Clustering and High Availability sub-systems
  • Multiple application programming interfaces (APIs) including standard SQL and faster, type-safe native C/C++ API (native Java and C# APIs are also provided).

eXtremeDB Financial Edition is available now through McObject. For pricing, please contact [email protected] or call 1 (425) 888-8505.

About 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.

About TradeStation Group, Inc.

TradeStation Group, Inc., through its principal operating subsidiaries, TradeStation Securities, Inc. and IBFX, Inc., offers analytical and trading platforms to the active trader and certain institutional trader markets. The TradeStation platform offers electronic order execution and enables clients to design, test, optimize, monitor and automate their own custom equities, options, futures and forex trading strategies. TradeStation Group is a wholly owned subsidiary of Monex Group, one of the largest online financial service providers in Japan.

TradeStation is an award-winning online brokerage firm and trading platform, frequently recognized for providing advanced technology, including analysis tools, back-testing capability and real-time market data, as well as the EasyLanguage programming language, which automates trading strategies. In March 2012, Barron's magazine, in its annual review of 24 online brokerage firms, awarded TradeStation its highest overall star ranking (4 1/2 stars), as well as Best for Frequent Traders, Best Trading Experience and Technology and Best for International Traders. Also in March 2012, TradeStation won for Best Trading System -- Stocks, Best Trading System -- Futures, Best Institutional Platform, Best Professional Platform, Best Online Analytical Platform and Best Real-Time Data in the annual Readers' Choice Awards given by Technical Analysis of Stocks & Commodities magazine.

TradeStation Securities, Inc. (Member NYSE, FINRA, SIPC, NSCC, DTC, OCC & NFA) is a licensed securities broker-dealer and a registered futures commission merchant, and also a member of the Boston Options Exchange, Chicago Board Options Exchange, Chicago Stock Exchange, International Securities Exchange and NASDAQ OMX. Its TradeStation Prime Services division, based in New York, seeks to provide prime brokerage services, including securities lending, to small and mid-sized hedge funds and other firms. IBFX, Inc. (Member NFA) is a Retail Foreign Exchange Dealer (RFED) that provides forex brokerage services directly and through its TradeStation Forex division. The company's technology subsidiary, TradeStation Technologies, Inc., develops and offers strategy trading software tools and subscription services. TradeStation Europe Limited, an FSA-authorized brokerage firm, introduces UK and other European accounts to TradeStation Securities, Inc. and IBFX, Inc.

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.

Contact Information

David Worthington
Fusion Public Relations
(212) 651-4219
E-mail: Email Contact

Ted Kenney
McObject
(425) 888-8505
E-mail: Email Contact

Clay Mullin
TradeStation
(972) 367-4751
E-mail: Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. Big Data at Cloud Expo - to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is...
IoT is fundamentally transforming the auto industry, turning the vehicle into a hub for connected services, including safety, infotainment and usage-based insurance. Auto manufacturers – and businesses across all verticals – have built an entire ecosystem around the Connected Car, creating new customer touch points and revenue streams. In his session at @ThingsExpo, Macario Namie, Head of IoT Strategy at Cisco Jasper, will share real-world examples of how IoT transforms the car from a static p...
If you had a chance to enter on the ground level of the largest e-commerce market in the world – would you? China is the world’s most populated country with the second largest economy and the world’s fastest growing market. It is estimated that by 2018 the Chinese market will be reaching over $30 billion in gaming revenue alone. Admittedly for a foreign company, doing business in China can be challenging. Often changing laws, administrative regulations and the often inscrutable Chinese Interne...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Video experiences should be unique and exciting! But that doesn’t mean you need to patch all the pieces yourself. Users demand rich and engaging experiences and new ways to connect with you. But creating robust video applications at scale can be complicated, time-consuming and expensive. In his session at @ThingsExpo, Zohar Babin, Vice President of Platform, Ecosystem and Community at Kaltura, will discuss how VPaaS enables you to move fast, creating scalable video experiences that reach your...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
SYS-CON Events announced today that China Unicom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. China United Network Communications Group Co. Ltd ("China Unicom") was officially established in 2009 on the basis of the merger of former China Netcom and former China Unicom. China Unicom mainly operates a full range of telecommunications services including mobile broadband (GSM, WCDMA, LTE F...
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip? It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
The vision of a connected smart home is becoming reality with the application of integrated wireless technologies in devices and appliances. The use of standardized and TCP/IP networked wireless technologies in line-powered and battery operated sensors and controls has led to the adoption of radios in the 2.4GHz band, including Wi-Fi, BT/BLE and 802.15.4 applied ZigBee and Thread. This is driving the need for robust wireless coexistence for multiple radios to ensure throughput performance and th...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
SYS-CON Events announced today that CDS Global Cloud, an Infrastructure as a Service provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. CDS Global Cloud is an IaaS (Infrastructure as a Service) provider specializing in solutions for e-commerce, internet gaming, online education and other internet applications. With a growing number of data centers and network points around the world, ...
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
Big Data has been changing the world. IoT fuels the further transformation recently. How are Big Data and IoT related? In his session at @BigDataExpo, Tony Shan, a renowned visionary and thought leader, will explore the interplay of Big Data and IoT. He will anatomize Big Data and IoT separately in terms of what, which, why, where, when, who, how and how much. He will then analyze the relationship between IoT and Big Data, specifically the drilldown of how the 4Vs of Big Data (Volume, Variety,...