Multiple customers have deployed into production InfoDyne Corporation’s application for the new ArcaBook Multicast for Equities full depth Orderbook feed from NYSE Euronext.
The new FAST version of the ArcaBook Equity feed has just been release by ARCA to replace its existing TCP/IP based datafeed. Customers of InfoDyne’s direct exchange TPS+Plus systems were able to upgrade within days without having to make any changes to their existing applications.
Message rates last quarter on NYSE’s ARCA Equites feed hit one second peaks of 108,000, while on NASDAQ’s INET feed message rates rose to five second peaks of 60,000. By migrating to multicast distribution, ARCA’s head end system can transmit the data once to all subscribers, as opposed to sending it individually via TCP/IP sessions to each and every customer, which can cause data latency, especially at peak times of the day.
“The latency alarms have stopped at all customer locations where we have deployed our new ARCA/FAST multicast feed handlers. Multicast datafeeds, along with our ability to scale our Consolidated Orderbook product using alphabetic splitting, has increased our head room considerably at all client locations,” says Bruce Friedman, head of Managed Service Operations, InfoDyne.
InfoDyne worked with ARCA on implementing the new ARCA/FAST specification which was issued last autumn. The application was implemented within InfoDyne’s Orderbook product which can publish full depth Orderbooks from individual exchanges, or publish consolidated views of multiple venues, such as ARCA, INET, BATS, DirectEdge, and others.
“We had a number of hurdles to overcome as early adopters of the feed, including support for line arbitration which was not supported initially by the feed. The coordination of InfoDyne development with ARCA, and the detailed functional and performance testing really paid off,” says Evan Theodoropoulos, head of Project Management, InfoDyne.
“We’re happy our customers were able to sustain trading operations with no latency during the high message rates experienced last week. InfoDyne has always been customer focused, and we’re working hard to maintain that reputation by keeping up to date with the rapid changes occurring in the marketplace,” adds Guy Tagliavia, president and CEO, InfoDyne.