McObject's eXtremeDB Financial Edition Database Adopted by TradeStation for Next-Generation Order-Execution System
ISSAQUAH, WA, Nov 12, 2012 (MARKETWIRE via COMTEX) --
McObject(R) 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(R)
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
"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
"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
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
eXtremeDB Financial Edition provides features to optimize capital
markets systems for speed, fault-tolerance and scalability. These
-- 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
-- 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@example.com or call 1 (425) 888-8505.
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
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.
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